The anti-monopolist., 1876-09-28

legal tenders y As gold, adequate to
the redemption Of any considerable
amount Of legal tenders, cannot be OBJ
tanned, the only way to get rid of them
is to fund them into interest. bearing
gold bonds When this proposed plan
is carried out, and all the greenbacks
are retired, there is no legal-tender left
but gold, and of this there is not suf.
ffcient in the United States to paw
ninety days Federal taxes.
Another of the kindred outrages per-
petrated upon the American people by
the money-power, through their agents
IL. Congress, was the surreptitious de-
monetization of the silver dollar, which
had been the unit and measure of
value and legal-tender for the pay
ment Of all debts, from the foundation
OF the Government down to 1873.
Then, without discussion, without no
tlce, and consequently, surreptitiously,
the silver dollar legally ceased to per-
torn Its functions as money Garfield,
IN speech justifying the act, says of
this: "We foresaw that the immense
product of our silver mines, and the
decentralization of silver in GERMANY
would greatly reduce it's value relating
to gold
Yes, It was foreseen BY the ever
vigilant money lords and bullionists
that possibly they might be REQUIRED
to receive payment for their bonds in
silver coin, as the kind of coin redemp-
ton was not nominated In the bond.
Hence, to appreciate the purchasing
power of their securities from fifteen
to twenty-five per cent, to the dis
advantage of tax payers i'll an equal
degree, the crime was perpetrated.
Both conventions of the great parties
could not promise redress of this great
wrong. The Independent Greenback
Party demands the restoration of the
legal-tender function to the silver dol
lar.
With silver no longer legal-tender,
and gold coin beyond their reach, what
have the people left with which to pay
| taxes and debts, transact their business.
and make exchanges? Only National
Bank notes, which are sham money.
Mr.. Hiden says the National Banks
| must take care OF themselves and be
prepared TO redeem their notes on pre-
sentation.
1t needs no facts or arguments to
demonstrate that the National Banks
have no gold and cannot procure it.
The Government is the indorser Of
these notes, and holds It's own bonds
to indemnify it III case Of failure on
the part Of the banks to redeem.
The Government can put these bonds
upon the market, but as we have al
ready shown in our quotations from
Secretary Boutwell,, the gold cannot
b. procured.
In this dilemma, for the protection
Of the public credit, Congress would
instantly provide for the indefinite
suspension Of specie payments by the
Banks. These results are, doubtless,
'foreseen" by the statesmen Of both
parties who advocate the destruction
Of the peoples money, which in legal
tender, and the substitution Of bank
paper which is not legal tender.
Then the country will realize the
glories of f.gold basis" and learn
what II meant by 'sirredeemabIe trash."
The fallacy and cheat of agold basis''
Il e.
thousandth time. Paper money OH
such basis, answers a good purpose
until the gold is demanded. The basis
of such issue is not gold, but con-
fdence. "Wild cat, or even counter
felt money answers the same purpose
until ITS real character is asccrtained.
q =
We appeal to the honest voters Of
all parties TO sustain our Cause. and for
the integrity of our purpose and the
wisdom Of our policy we await the
capitalization Of history.
If you are in favor of circulating
medium issued exclusively BY the
Federal Government, full legal-ten-
aef TOT Ri purposes, au1 DS JHdIci0lB
legislation kept equal ~ coin in its
purchasing power, under all circum-
stances If you are in favor Of the
total suppression Of ali bank issues de-
signed 70 circulate az money if you
are III favor Of the restoration Of the
silver dollar - legal-tender for the
payment " al debts. the Platform
ari Candidates Of the Independent
Graenbsses Party alone give yen an
opportunity q express your sentiments
al the paIlot-box
If you are ready and willing to con-
tinue ti1e s@ay Of the moneyed oligar-
ely, composed Of the capitalists Of
Europe and Of this country. you can
vote Tor yoar Old parties respectively.
IT eyer- Their platforms are l,ssc
as The money lords would save them.