The anti-monopolist. [volume] (Saint Paul, Minn.) 1874-1878, 1876-10-05
THU DUTY OF A GOVERNMENT.

and ot bread This seems to me the first dutv
Of Government. PETER COOPER
THE TRUE FUNCTIONS OF MONEY,
Money, instead Of being the medium Of bal
ance between production and consumption.
projecting production from nom productive
consumption, which is its proper function.
serves, under our present system, to protect
consumption in the possession
or control Of neatly the whole wealth of So
cae,y' thus dnsfsating it's true purpose and OBJ
THE TRUE FUNCTION or MONEY.
Money should be the servant, not the master,
OF commerce. HENRY CAREY BAIRD.
WHAT HIGH INTEREST IS DOING
Exorbitant rent commonly called interest)
Is silently but surely devouring the substance
OF the people. PETER COOPER.
HOW TO CREATE PRODUCTION AND CONSUMPTION.
BY simply allowing labor the unrestricted
use OF money to accomplish its exchanges, a
universal stimulus win be given to production
en- interest, and low interest by adding to the
profits of producers will lessen that az capital.
thereby encouraging the activity of produce
ton; CHARLES NJ. DrPuY.
JRrFEReoN's OPPOSITION TO BANK PAPER.
culation restored to the nation, to whom it
properly belongs. THOMAS JEFFERSON
THE ALL IMPORTANT ISSUES.
No single interest touches the domestic COM
fort and prosperity Of the people as this one Of
the currency, and in the present condition Of
the country none is Of SO much immediate i'm
portance, or calls for more immediate solution.
To put of this quaation, therefore, with vague
expressions Of reform, and the desirablsness
Of "specie payments ls to ignore tho ruling
interest of the hour, It is to surrender the
people to their sunerings without any promise
Of remedy. PETER CoorsR.
The GOLD swlNDLERs RxBuKED..
''If the bondholder refuses to take the same
kind Of money with which he bought the
bonds, he is an extortioner and rspudia-
tor" SENATOR SHERMAN.
THE BEST KIND OF MONEY.
The people are the sovereign power, and no
man can question their right Through Con-
Rrees) to make Is much Of the medium az ex-
wants Of trade. Paper money is better than
either gold or silver. as its volume cannot be
contracted by using il Is merchandise JoaN
MAGuIRx OF St. Lonis.
FINANCIAL IGNORANCE TAUGHT IN COLLEGES.
The blindest ignorance regarding the fnan.
cial history and status Of the world prevails
amongst almost all classes, and is taught in our
colleges, and is most conspicuously manifested
in tn. law making and executive departments
of our Government. We propose a national
currency to consist wholly Of grcenLacks to be
entirely controlled by the peoples Representa-
tives and thus to b. absolutely beyond the con-
troll Or influence Of spectators in gold: SyD-
NHY MYERS Of Chicago.
THE REAL ISSUE.
The issue is not l,etwesn gold dollars and
paper dollars, as the bullionist newspapers
leave the readers who know no better to infer
The issue is whether our currency shall con-
sist OF all bank circulation, doled out to the
PEOPLE by combination Of corporations at
exorbitant rates Of interest or Of full legal
tenders issued directly TO the people in pay
ment of the debts and current expenditures OF
the Government. The issue admits Of no COM
promise: for upon the result depends the
question whether we are to have 4 Govern
ment Of the people or money oligarchy. II
is one Of the strongest convictions Of my life
that upon its decision are suspended the fate
OF our civilization and the destiny OF the coun.
Heterogeneous CAMPBELL, u Illinois.
srEAIrHY AND MOST IxsIDIoUs POWER.
High interest is the most dangerous, be-
cause the most insidiOus, OF all the powers
menaoing the rights and prosperity Of the peo-
pie. Operating silently and unseen, it stealth
lily takes from the producing classes . large
portion OF their earnings, while II keeps them
In ignorance Of the cause Of their wronas.-
Congressman CAMPBELL, Of Illinois.
WENDELL PHILLIPS.
The greed sf capital forces the Government
into one pathway; starving labor clanors TO
have It move otherwise. WENDELL Phillips:
WHAT Is MONEY!
Money is token OF sovereign power. That
power Il not commodity. The material Of
which money IL made may or may not have
not commodity. TO make money merchan-
disc Is to give power which does not belong
to It; and gold bsiDg merchandise II ID Of the
wealth OF the country, and not being money
until the token Of sovereign power is put upon
II, the sovereign should look only to adjusting
his own household affairs and withhold his
brand from being put upon articles Of mer-
chAndise. JoHH MA0CiRE, Of st. Louis.
PRESIDENT GRANT.
The experience Of the panic has proven that
tbs currency based on the credit u the country
10 the best that has been devised.-pr~idspt
GRAxT's Message to Congress Dec. 1, 1919.
The above was Grants opinion Of sound
currency when he was in . position TO speak
without prejudice on the subject. But thu
money power quickly made him eat his own
words, Tor in subsequent message he nays !:
II commend TO your earnest consideration the
REPEAL Of 20 much o. the Iegal-tender actt q
makes these notes 1.-THE best that have been
devised"] receivable for debt contracted after
dste TO b fixed in the ct itself, ~ not latsr
than the Pint q January, 1871" The very
money which he characterized IN 1879 q the
"best that has been devised" lie designated .
year Afterwards - being unfit to liquidats Z
debti
WHAT TIE 0ovsRxxxxr SHOULD DO.
Tbs power % supply ourselves with ~ much
money ~ may be needed naTrows the question
down to the single point, to Wit: How much
b needed! And contend that this question
y determined whsn We sscsstsin whether Or
not tbe Government owes more than shs has
on hand o. ayailabls 10 pay what she owes
Il mot on hand o. available, thsn suough
Legal non-intsrsse- barring paper Dopey ought
70 b made 70 malke mp The ds6en. WIN
any 90 eoutc.d tsa t6s Government msy
D0e ply hex deh1 IN that wAy with money.
VIII pspeg dollGn = gold dollars, II pspss
1allan hing = vafid : lsCAl-isn6v = gold