The anti-monopolist. [volume] (Saint Paul, Minn.) 1874-1878, 1876-03-02
HOW ARE VIZ TO RhSUMEs

Il Is computed that on Nov. l, 1875, two
thirds, or ST 4l2, ,00O, 900 of our debt were held
in Europe leaving only oae-third or $706, 400, :
900 held BY the United States. The bulk Of
said debt rs in s 26 bonds, Is p 9. gold, or p.
G. CURRENCY, involving the annual outflow Of
384, ,000, ,OoO for interest
Add to this the gold interest On state
bonds. railroad bonds and municipal
bonds held in Europe, and it will amount
to as much more. Here then are $685.
0OO. 900 to be paid annually by country
containing S90,000,0OO in gold; and
whose annual production Of gold is less
than hundred millions No wonder
gold is worth l3 per cent. premium! I
And now it is proposed to resume
specie payments in four years. This
will require one dollar 10 specie for
every three dollars in paper that is
to say if our total paper circulation is
$3.50. .0OO, 900. we will need ]250, 900 900
Of gold to keep it at par with specie.
So that we will need to keep $780,
100000 in the country and export 4l68,-
OOU, 900 annually to pay interest ;jaad we
are to do all this with $50, ,OOO, ,OO4, the
average amount on hand in the United
States.
"You talk about the national debt"
said Dan Webster. full Of patriotism and
champagne. ''how much is it7 III pay
it." And the sage OF Marsh6eld reached
into his pocket for his pocket book.
The whole world laughed at Webster !;
why do they not laugh at nation which
solmnly proposes to pay S4l8.0O0,OOO
with 0,O0O, ,U0op
But it is no laughing matter, Tho
blunders OF nations are telt in the
sufferings OF the people. This cruel at
doing at the present time. is felt to-day
in q hundred thousand homes, simply
as severe economy in many more as =
great want OF the very neccssaries of
life. And the business men, whose silly
shouts have invited and encouraged this
thing, are finding out that they have to
pay the piper. They begin to feel u
good deal like the colored gentleman in
the following anecdote which we clip
from . souther paper:--
Yesterday 81 wss found 1naaesd in one Of
his philosophio, polihca, harang u*s to some Of
hn coIor.d friends.
"Dess hyar 'pub,icans kin promiss till de-
lass day in de morning., but dey aint gwine
to ketch dis hyar blsckbird wild no more
chsffl" he exclaimed positively.
"Whats yul mad 'boutf' asked another
dArkey.
'.Dis IL what I'm mad 'b0ut-min nd my words
nowi Hdn's dey say. when De war wus play
ei out, dat do nigger wus gvine 70 be made
rs good rs white tollssi''
"Ob koAse dsy did"
"An' das do nigxer worked fur all dat de- ole
marsters had and could soon yearn AN dat
"ies dts tue, tovl''
''Dat dc white folks wuz gwine Ter BE- pore as
church -mouss~ aud nigger's rich, heyf'
Soon hook: dat's what dev saidl"
'DAt nj sounded jes' ~ purity ~ reAdin' on
cirkus bill, didntits"
"You'se right, it did!'
"Well, what makes me mad Is dat cirkus
hain't arove down hyar yit, an We emit hsAx
da, its commit Brts de- Losd, d. white folks
u jes' ~ rich as eber, an it wus dc Niger
what got busted, AM he's hsen busted eSss
sence, an is gwins to stay bustedi
All the pretty talk about 1.-The worlds
currency" "gold and silver "hones,
money" etc. has resolved itself down to
an endless. llst Of bankruptcies. increased
rates Of interest, lively sheriffs and
empty pockets. As ..Sr says, it is the
business men Of this country that ..ha.
got busted" Read for instance this
charming note:-
LOvuv1LAz, KY., Jan A.-PAis Ky.. JUS
nov il sadly financially depressed. numhsu
Of frms have essn oonpsaed to suspend husi-
nss, and il Z thought fitssn or twenty promi-
nsnt houAs IN The city and country will b
carried down in the sraah. Circumstances vii
mot admit = this tire, giving tie names OF at
who are reported ineclvont i runnred thu,