The anti-monopolist. [volume] (Saint Paul, Minn.) 1874-1878, 1876-02-10
HI RID TINES.

This is the way the villainous work
progresses week by week:
The Secretary OF the Treasury on the eth
directed the destruction of 1854 $50 in green
backs, tina. amount being 50 per cent. Of the
new national bank currency issued during the
present month. This will leave the outstand-
ing greenback circulation at 1911 ,273, l4O. -
Associated Press Dispatch.
Now study this out. It means
The Secretary Of the Treasury, on the
9th of January. directed the issue OF
/, So65.224 of national bank notes upon
which the people will have to pay inter
est not alone on 1865 24. but on ten
per cent. additional of bonds deposited
to secure it, to-wit on s73l,746. which,
at six per cent. interest, will make an
annual cost OF S43. 904.76. A very pref
Y little penny!
But this isn't all he withdrew at the
~ me time from circulation S554.OS0 OF
greenbacks, which the people have the
| tree use of without interest He substi-
| tuted an inferior paper tor superior pa
per; an interest-bear paper TOR non
nterest-bearing paper. an irredecma-
bic kind OF paper tor another equally II
| redeemable kind OF paper; and all this
IN the name OF specie resumption? And
| this work is to go on until the whole OF
the peoples money. the greennachs. to
the amount OF s37 900. 1000. is wiped out
and the place supplied by bankers pa
Der. with increased taxation tn the tune
II ABOUT TWENTY FIVE MILLIONS OF
| DOLLARS ANNUALLY ~
Oh, il is charming prospect ald il
delicious 10 near the fools how ing tc.
specie payments
By the time the greenbacks are all
| Withdrawn and their places filed with
1at:ona. bank notes. the bankers will
discover that il is impossible tor then,
| 70 resume specie payments. and their
hired congressman and editors will take
up the CRY and deaounce every man who
.te- demands specie payments as an
enemy OF the nation.
Ii Is very plain that there IS > news
paper conspiracy 10 belittle the crisis
one v no reads our st. Paul cotempOra-
RES would think. from their rose-coiored
editor; As, that we were living Ia an era
OF universal prosperity. The cry OF
suffering and despair is drowned out Of
their columns Upon this point that
able journal. the Chicago Inter-Ocean.
o. Jan. 18th. says
The resent fixture in Cincinnati Of ons large
irm vi iron manufacturers and another firm.
manufacturers Of hardware, and Of the Bell !.
vile Nail Mil Company, Of s.. Louis, show
how matters ar going with manufacturing in
tersso In 0e west These three failures ID the
iron ..ade, ali occurring within the past
thrse weeks, aggregated over 320o0, 900, Of
liabilities. and yet Almost nothing has bsen mid
shout them in the newspapers, and the Cincin-
natl failures, large = they were, did not even
srt into the Associated Press dispatches. This
fact shows fhst ere-ylchsvs there 10 . dis9ost-
tao. to cossv sp AID dssgsise the cal condition
Qf ue-cAe~fs snd nsss factsris9 tatevests,
and 70 put - encouraging an aspect on Adam
- possible This has been the policy for over
iva years But the lass eighteen months. and
especially in the lest three months, /: Is appar-
en-. .has the general aspect Of business IN The
United States 4 large has BEEN growing wore
| Failures now occur eoery dag, and every day d
such magnitude that II one such had occurred
| iv, years ago il would have been . subject O.
neespapsr tAlk for week The policy Of L.
no-sn1 this condition of Thin = and Of pretend
| !rs .ha: .seT-rything i iovely.'' and that -
1 have s.sonched hArd-uan,' and are ION the
| upward .urn,- AID III similar nonsense. dom,
/ SEEM TO help matters much II Il true that y
| regards the prosp-c. fer spring srsde :h-rs i
/ . pretty general feeling of con6d-Dce .ha. Il
VIE BE- good, bat We cannot trace this feeling e
| any oeiaer causes than the Centennial Rxhihs.
8 n ADD sha good crops n the NAz These