The anti-monopolist. [volume] (Saint Paul, Minn.) 1874-1878, 1876-04-20
grand jury Of the District of Columbia
have found bills of Indictment against
Babcock, Harrington, etc. Il
TO SONE PERTINENT
QUESTIONS.

ANSWERS 70 SONE PERTINENT
QUESTIONS.
Our speech at Faribault the other day
has had one good effect: 1t has stirred
up the Republican Of that city consider
ably. Its issue of the 18th inst. is tull OF
arguments against the greehback theory
of finance. Our space is limited but we
will reply very briefly to some OF its
points.
/. Mr.. Donnelly says that if black cats were
receivable for sacks OF -four, they would rise in
the market and become necessity the same as
gold. Very true, and il the whole world re-
cognized black cats, and these alone, as q
measure of value, and common medium Of
exchange. then it would be folly for any one
nation to attempt to go back on them ana sub
stitute mere pictures Of black cats, which had
none Of the feline vitality and musical Qualifi-
cations Of the genuine article.
A,asuer. But suppose the pictures Of
the black cats were fundable into bonds
worth as much as the real black cats,
would, not the pictures O.. the cats be
worth as much as the catsl Heyp
And suppose there were not sufficient
black cats in the world to do the business
Of the world would not the world have
to resort to pictures OF black cats or shut
up shop2 And g not this precisely what
| takes placesp In England for every
$1OO,SO of bank notes, checks a,a drafts
there are just $50 OF gold. That is to
say $3.50 Of tlack cats and t97 80 OF pic
lures Of black cats.
II. It is not many months since Donne;ly
I was holding up the East as prosp-ring beyond
measure, while the agricultural West was
ground down and oppressed in consequence Of
the operations ofa wicked tariff. Now he has
changed his tune aud depicts the manufacture
| ing population of the Rast a. on the brink Of
starvation, while the West is moderately pros
porous. How il this, any waye II the tariiF
was responsible for the difference in the two
sections, how is it that without any essentia!
| change, eastern manufacturers are nearly
ruined while the West continues on the even
tenor Of its way1
A,ssUer: Suppose the Legislature OF
Minnesota passed law that Mr.. Nc
Kinstry. the editor OF the Republican. and
a few others, should have the sole right
to sell goods, wares and merchandise in
Rice county ;or that If outsiders sold they
should have to pay tariff Of 40 per ct
before entering tn. county with theil
goods. What would be the result!
McKinstry & Co. would add 40 per ct
10 the cost of their goods = every man
that dealt with them would lose 40 pei
ct. on each transaction this in ten year.
would be 400 per ct. on his total pul-
chases. Mex & Co. would grow ex
| ceeding rich. They would build stores
factories, palaces. Confident tina, they
had soft thing Of it, they would sprnat
Il -, Anhe aA lev
extravagantly. But in ten or fiiteeI
years they would transfer two thirds o
the wealth Of the county Of Rice to thei
own pockets.
/ This describes the first stage referret
to BY the Republicans. Now comes ih,
second:-
i The people, their customers, have al
grown poor, as Nick. & Co. grew rich
Many fail and cannot pay Nick. 4 Co
} what they owe them; sheriffs and con
stables are busy everywhere, those tha
remain solvent are driven to the mos
pinching economies. They refuse i
buy from Mex. 4 Co. anything but th
bare necessaries OF life. Nick. 81 Co
are unable to sell their goods or pa,
their debts, their mills stand idle, thei
! workmen stArve.
II That is the second stage referred to b
the Republicans. It IS answered.
: III. Mr.. Donnelly in his Court House speech
. made the absurd statement that greenkaxh
: are now worth more than gold, in support {
: which be referred to the market pr'ce o. Y.
Sixee~ the interest Of which il payable in cul
: : rency, and which an quoted in the market I
! el26. q higher than any Of he gold bearis
: bonds. The exhaustion Of this h, that th0s
bonds have . longer time 70 run, and are there
Z | fore more desirable - N investment than th
gold bonds that ara liable to BE- passed In at m
: time there Is money in the treasury for the
Z redemption.
! AS,scsy: We stated that . goverr
: ment bond, the interest Of which is pay
], able IN 9reenbacks, il to day worth NOR
I than gold. The Republican admits thi.
Currency Sixes." axe worth l26; gol
is worth Is 1-2.
The ..currency 6's," therefore ar
0 worth II IL per Ct. more than goll
> Now il greenbacks we're iundable as T.
|, into these bonds would they not \
I worth II / 2 pr. ct. more than gslda II
j would not Sc 10 year bond in1I1
: changeable with greenbacks be 49,
! part Answer,-ihat profound phl
opher! And il not, why not2 Z q.
! " Dnnelly aysth people r'il ssyR -
: I6 70 - per cent Interest they afe nov
4 By Tia withdrawal of tbs National Bak
4 calakion. This aatsmppt will hear i1
: ton. The bank, aaJs Mr Dunne!ly q
ceiving six pr csnt On tbe bonds tlI9
lseeuriiy foF ihsir circulstion. But iflegisi1(lo
wese adopted that would compel ths Nation
e Banks % surrender thsir circulation and 3
!! csivs haek thsir bODds, this would nj -
q The uayment Of tie sums iuerest on shne n
ligziions of ths governmsR-
o Ansasey: There an, We will 50,
y elO0. .0oO. 90 Of. bondson deposit, a y
+ curity for national link notes. bearin
= s per e. interest, orsweDty four miilio
per annum- -payablein gold BY The pecpi.
! 1uRoCGH 1AxATI0G. Suppose the 20,
: ernment says 70 tle banka bring II TOr
= baak noess, surTeadsr your bonds 4