The anti-monopolist. [volume] (Saint Paul, Minn.) 1874-1878, 1876-05-11
The Anti-AIonopoliSt.
die every business mans purse strings

die every business mans purse strings.
Applause
| Now | want to be consistent. and |
wantto say nothing upon the platform
| that cannot answer in the iace. Of the
| world. We want, not only money OF
the realm. that is good to the sheriff, but
we wan. tdat Scripturai kind OF
MONEY THAT Is ''CURRENT WITH THE
| MERCHANTS"
who are not c ,mpelled to sell we not
only want money Of the realm but we
want current money. money that will 90
| from hand 10 hand, aud money that no
man If he keep it over night will get
stuck with. We want money that, pass
ing from hand to hand in commerce,
when the tide rises, when business is
active, will come out, but when business
| Slackens, and there are not so many pur-
| chases and sales will dow away out Of
| circulation. that it will be solidi6ed, as
water is solified into ice. by being con-
vertible into the bond; and when that
motion. which is in science another word
tor heat. when then activity of commerce
| is sufficiently intense that the ice of the
bond should melt into the water Of the
| NAA 1SAN AOUCf. MO14Ct t1Al
when receive it, l know that will re-
ceive tor 1t an equivalent equal to VIVA.
l gave for it. We want steadiness in
! value, and in order to have steadiness in
the value OF the currency we must have
elasticy in its volume. and that is effected
| by the interconyertible certificate
have spoken of
GOLD FOR INTEREREST.
/ say gold for iateres, because the
/ price OF gold is to-day the recognized
standard OF values throughout the world.
But say let the interest on the inter-
convertible bond be paid in gold or legal
tender small bonds, at the option OF the
| holder of the certificate. Let all interest
on interconyertible bonds be paid by
check on Washin gton. and wnea the
man brings in his interconvertible bonds
for redemption he will find Just as much
money. lust as many greenbacks in there
as are certificates. When they issue GER
tificate at a sub-treasury they must keep
the greenbacks in their own possession,
nor let them 90 into the old fallacy of
paying out seventy-6ve per cent. and
keeping only twenty FIVE per cent. to re-
deem with.
Now what is That thing payable il ex-
hibiting the greenbacka When you
come to talk OF PAYMENT
NAN CANNOT Fay HIS DEBT IN HIS OWN
PROMISES.
Promises do not pay, though they may
renew and extend debt Promises may
be taken with the consent of the holders
Of the outstanding obligation in lieu. and
are often preferred to payment. You
cannot go to the store keeper, however
and say, "well. am going now give
, ME piece OF paper" You write note
without interest, you hand it to him. and
say | am going home to my family, and
feel my debts are paid But that note
does not payIthe debt. And when Mr..
Chase sat down, with his pen. in the
darkest time OF the war. and wrote out,
The United States will pay one dollar"
what did h meano He meant Just ey-
actly what dollar was when he wrote
that first greenback. and that is what it
means to-day gentlemen. And you
| don't want to DO anything that IS not
| right. II it comes to 4 payment what
was . dollar according to the definition
! By the laws d. the United States when it
! !" 40 4o-aCt - II tio4iAt INV.
! BIT WE Do NOT WANT THEM PAID.
| We wtat thein for a currency to crcul-
| ate among or people; non>interest
! bearing. III. convertible into interest
/ bearing obligations whenever we wish
| 10 preyeG: them. =. convenient places !;
and VI: wan. To strike out tie words
Twill pay. ali say in the place Of them
Indebted to" That cannot he done
withou: the consent OF the holder; but let
Congress pass an &C. providing that any
holder Of greenbacks may take them to
the sub treasury and sc. three per cent.
/ gold bearing certificates. provided he
vii. permit them to erase the words
will pay" and put instead lis indebted
TO-" then we will all do il. and that will
be fair bargain. There will be no re-
pud.a:ion about that, because we do not
want the greenbacks paid we only want
them made intro-convertible with inter
est-bear:ng obligations Of the govern
ment
Whenever you decide that it's the vii.
OF the people that banks. and corpora
tons shalt furnish all the circulation oil
the country. then | say that you have
60, hand Upon your financial throat.
ard.
THERE Is ONLY ONE sANKIs THE UNITED
STATES TO-DAY.
tell got there is only one bank IN
the T. uiied states to-day and that Is the
National Bank. The Presiden; Of he
| United States i the president Of tha,
bank the secretary Of the treasury i the
vice-presidens oil that bank; he bank
comptroller is the chasier OF that bank.
and the so-calied bank Examiner for
every district is the manager OF the
branches il this district. People are
playing bank presidents they are play
Ing bank directors: they think they are
bank presidents. they think they are
bank directors. they are simply super
uuneries. The bank examiner runs the
branch banks in ali these cities and
towns. You get the machinery in the
hands of politics. say politicians.
don't care what party ism the power but
ron let them. By controlling this fnaa.
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