The anti-monopolist. [volume] (Saint Paul, Minn.) 1874-1878, 1876-04-20
WHOLE NO. 90.

cancellation. and here are $4OO, 100000
OF brand new greenbacks which you can
loan to your customers? Would not the
government save $24,OOO,O 900 per wear
and IS not that sum worth savinep And
would not those greenbacks constitute
just as good a currency as the retired
bank notes? Aud If not. why not. broth
er McKinstrJ?
V. National Banks are now taxed on their
capital which is invested in national bonds.
When the bonds are surrendered they are no
longer taxable, end $4O0, ,OOO, 900 Of taxable
valuation are thus at once wiped out.
But government bonds are not taxable.
Ii tie greenbacks were loaned out on
mortgages we could tax them. The
state would gain ten dollars where the
nation lost one
VI. That SO long as seventy two Democratic
votes are openly cast in Congress against the
adoption OF resolutions denying the right Of
secession by States, that issue cannot 6e re-
garded as permanently settled.
Ansuer: As we understand the vote
referred to It WAS simply an af1irmance
OF the same great doctrine re.affirmed
the other day by Chief Justice Waite of
Tie Y. ,. Supreme Court.
"rhe Government of the United States ia one
81 delega!ea powers alone. lts authority is de.
lined aud limited BY the Constitution: all pow
| reserved TO the States or the people. No right
| can be acquired under the Constitution or laws
Iof the United States except such as the Gov
| eminent OF the United States has the authority
TO grant or secure. All that cannot be SO grant
"a Or secured are left 70 the protection Of the
| States."
Is there any treason in this utteranoe
| OF the Republican Chief Justice of the
Republican United States Supreme
Court
/ Vu And that it is only upon the maintain
! ance OF republican majority in Congress that
| the people can rest the assurance that the
| losses sustained by the Southern people, in
their attempt to destroy the Union, will not b.
PAID out Of the National Treasury.
Why. you precious old olunder head.
don't you knew that the constitution Of
the United States art. XIV. sec. says:
"NEITHER THE UNITED STATES NOR
ANY STATE SHALL ASSUME OR PAY ANY
DEBT OR OBLIGATION INCURRED IN AID
Of lNSURRECTION OR REBELLION
AGAINST THE UNITED STATES. OR ANY
CLAlM For THE LOSS OR EMANCIPATION
OF ANY SLAvK; BUT ALL SUCH DEBTS.
OBLIGATIONS AND CLAIMS SHALL BIZ
HELD ILLEGAL AND voID."
Congress could not pay such claims II
It desired t.. And does any sane man
believe that three-iOurths oI the states OF
this Unloa will amend the constitution
SO as 10 enjoy the luxury Of paying debts
they do not owe? Such stuff might be
palatable in college Of asses. or might
Dc used rs bug-a-Doo to irishten half
grown children, but it has no place
among sensible men.
Il. VII. The government must have this gold,
aud II u does not receive it from importers il
must 80 into the market and bus it with green
OAcK1. But the importer must have gold 60
pay the oaiaiice due III seeie en- the SJJu UOO-
wy or SoOV,OOO,vUU worth of goods that We an
nnally import from Europe and thus must be
CONG = cohpetitor of the government III its
purchase II 1t reasonable to guupos4. that
with al thus demand for gold the government
WILL ~ able to float Its irr-deemable promises 20
, pay At part
Il AHsUer: lfgoll aud greenbacks are
, OF tue same value there viii De no diff
Guilty in exchanging one Tor the other.
w 90 not pay or our Imports with
gold nut With our export. Ifnot Europe
! must pay gold ior our corn, wheat. cot
ton, 0-ef, flour, tobacco, etc. 80 it is a.
: broad asst il long.
II there 10 not gold enough to .n,at its
prJniset 70 pay" where will you lind
81 gold encngh to carry on the whole husi-
4 ness OF me natioD2 Add that is the re-
!. pubiicai programme
1 lxdets aot the discrimination ,nads BY tho
- 6lunrx n
! due - 1sD11 the value n gresnbacks.
) but f1Ge TT - same discrimination n
= me- IL ~ - - Of the world. and until
y otvides the means for redeem
{ II - - pay with gold, wheneves
9lge presented 1t tbs NasionAl
10y T. tD1opositories, 10 long will it S
oDe ~ any merely statutory enactunsnt
: : 80 isseif aseiI'' @''''vs' q money
n - U1g19 discrisninates against ouY
kD4Doe1 because our own govern
aI0@ II the government provides
NG T. ing it. promises to pay Id 3
Z W1seh more than gold, win not this
- promise itself worth a. much
"A I'D involve the necessity Of ruyink
= ~ nov Oh deposit ~ security f6r
EtsOn 70 the sm0ani II shout &3S0.-
A. tbs goysSnment can Only pAy Il
4 -, assuming that tlsir mark, value
. - At Present, il will be obliSed TO
the gresnlAck circulation by the
- of e43s. ~, ,Oov.
n ! you beg the question; we do not
VI Yose tnat gr. enbacks shall remain
e same value - 1t present. but
/ NJ they shall be At par with gold.
Hence your symmetrical table Of caicula-
} tons falls to pieces.
q 10 conclusion ;-if there i any pint II
brother McK's. argufnsnt wnici, Ne have
!. not answered We trus. hc will call our
: attention 70 it.
81 We thank him Tor discussing the ques.
; ton. Whist the people want Il to hear
J, both sides Of the question and Judge for
: themselves. So keep up the debate,
Z brother Mex, and prove that We are