The anti-monopolist. [volume] (Saint Paul, Minn.) 1874-1878, 1876-05-04
The -Anti-AGonopoliSt.

hing kept going up and down, and the
bow said why could not that working
beam open and shut that throt-
tie valveo So lie got some rope and
tied it fast to the throttle valve and to
the lever Of the condenser cock fastened
them to ,he workin gibeam, and the thing
wen, first rate ana worked itself. and
the boy went off and played marbles.
His master came along aad said, "what
arc you doing here playing marbles, why
don't you run the nachine?' aud says he
Don. the machine run itself well enough
it runs itfsii better than can run it SO
will the financial machine proposed run
itself better than anybody can run it.
When we get it in operation the Secret.
AIRY can leave thu working beam to oop-
en- and shut the valve, and he may also
go and-play marbles. daughter and
We are building little financial en-
cine now, and we will see how another
part of it will run. Next, suppose that !
am engaged in the business OF pork-pack-
ing. / don't want to buy pork in mid
summer; Idon't want to pack pork in
July; want to come down here to
Champaign about this time in tho year,
(Dacemoer.) want to buy mT pork IL
backing season. Now say have one
hundred thousand dollars to Invest 10
pork when the proper season arrives. l
have 100000 in greenbacks for which
have no present use, [ take them to the
sub-.reasury Of the United States and
say there are one hundred Thousand dol
lars of irredeemable green baek. Why
don't the government do something with
them? Why don't they make our cur
rency as good as gold? l don't want 70
buy hogs with these greenbacks in July
and step rig b. over. to thesub-reasurer
and say '.what can you do with those
,h!ng-!' and he says Congress passed a
law this last winter authorizing me to
give you three per cent, interest gold
bearing bonds for these Eyes. but
they viii be tied up; don't know that !
can sell the bonds when want to buy
hogs in the Autumn" well that is all
right" "dow?" s.Why, they are inter-
converta5le bonds, or certificates, in
terconyertable certificates. We call
them certificates 80 as to distinguish
them from the long bonds which Gen.
Grant proposes. three sixty five long
bonds which will 60 to England and stay
there. (Laushter.) There is wide
difference between the $50 long bonds
proposed by President Grant in his re-
cent message to congress and the sos
inter-couyeltible bonds. He (the sub
treasurer) SAYS it is inter convertible.
What does that mean? 1t means this !:
You shall have your greentacks con-
verified into Understanding obligations
of the government now when you don,
want to use them as currency. The
government owes you the amount re-
presented by the greenbacks. 1t issued
them for munitions OF war, rations, for
age and blood. it owes this debt. The
government does not care to make sacri-
| ices to pay the debt when the people do
not ask payment. The United States
will give you interest Oil this portion Of
| its debt whenever you ask it. and con
gress has passed u law to that effect
| They have also realized the fact that il
is ali debt; tina. they ought to pay inter-
est5 on it ut the Same ~ any other debt
| You are q creditor Of the government
The government owes you one hundred
thousand dollars. You are the financia
successor OF those who furnished tllt
munitions If war or served as soliierl
or sailors. You y bring the one hun
dred thousand dollars or greenbacks II
here. "He-e ara your certificates, thre,
per cent. iul rest-os lriag certificates.
t.ke them and put them in ny poke
/ keep them until cold weather. ani
| when want IT, buy farm products tIeI
step right dosn 10 the sub-treasare
and say. LET ms have those green back
here are your certificates" and the sub
treasurer tasns me out my one hundret
Thousand dollars of grecnbacks and in
tcr.-t from The TINS put them in th
slo-ircasury until take them out; no
interest on them but on the debt whlcl
they represent. The Government CAV
me anot.er form OF obligation. aud
take my green backs in exchange for m,
certificates. Now g into tho countr,
and bring back iarra products and pre-
pare them for the consumer and Sc.
lihem and towards midsummer, l ge
my currency back. get my one hun
bred thousand dJllirs green backs agai
70 to the slb-tre,surer. get the certi6
| N1tO pus pD~ANsp sACA AZ lilo -
recoaycrt it into green-1ac6s. buy m
pack hogs with il That is what we ca
/. elastic currency. (App.anse and laugh
\ ter. Gus fAcs: per 0ltans. faci:pv =
II ELAcfIcIrT DON'T MEAN srRErcH.
Ismeans spring. and spring goes bot
ways; that is what We So rag-bab
. men are a..er- lfIan not talking 700
|, seG,e don's believe me ; but II, the mel
r man who Comes along here 10 talk
, you ON this 81 jecs. does not talk GOO
: sense. don't you believe hin. II . ma
comes ami tells you tia: he j. tAlioin
tiasncial science and It il - deep and q
wide ID i you cannot touch the bDtio
: | or get acsoss il tell him that cosnn1
r sense is y Systematic arrsngsmsn.
: facts aud correct conclu lions ta-rcsrp
!, that science i uncJmmcnly good con
n mon sense and tiss. aay thing thai is CO
: Itrary 10 cJmmol sense is no: sa.Irn.iii
c / CAppl.u>e.l the trouble with Il
!; Eaglishnetl Is this They are trying
understand system that is not unde
/ 4