The anti-monopolist. [volume] (Saint Paul, Minn.) 1874-1878, 1876-03-02

PAUL, MINNESOTA, THURSDAY,

MARCH 2, /
it's" has approximated to the truth I.
The Democratic etate convention resolv-
ed the other day:
6ixth--The only currency known 10 Tho oon-
stitution of the United States is gold and sill
yer, and coin forms the only stable basis for
the comercial necessities Of the world. The
Democratic party Of the Union has never failed
to recognize and support this essential prlnci-
pie, but following great and costly war we
find an irredecmable currency at our doors. II
IS the duty Of Congress to adopt such measures
as shall lead to an early resumption Of specie
| dence which the interest Of commercial, man
ufacturing and industrial pursuits imperitivly
demand.
Seventh That the act of the last Congress
passed by the Republican majority, declaring
that there shall be specie payments on the
LIST OF January, 1879, was a scheme Of mere
party expedisncy, supported BY no measure
tending to secure resumption It was decept-
ton and fraud. Its results have been iujuri-
Gus, as the business interests Of the country
could not b. shaped and conducted to har-
monte with an ineffective and deceptive act.
We respectfully ask Congress to substitute for
it well defined and practical legislation tending
sumption, or the funding and cancellation Of a
portion of the groenbaek circulation into a
convertible bond bearing low rate Of inter-
est.
| Where now are the men who hOWlod
us down in the Democratic. Liberal con-
vention. last summer, and defeated our
resolutions which would have given vic
tory to the party IN this state? Where
are the Minnesota Democrats who voted
| against that able and excellent gentle
man, Hon. David L. Buell., because he
would not join in their inscnsate cry for
immediate resumption?
Even the Republicans are beginning
to get their eyes open aud the state con-
vcntion of that party held the other day
in Indiana resolved, in the most empha
tic language, against the administration
scheme of resumption in 1879; whereup-
the N. Y. Evening Post says
The Indiana republicans, while demanding
| this backward step to talk about steadily
| looking to an ultimate resumption Of specie
payment" is either nonsense or knavishness
| They have put themselves BY the side OF the
imitation democrats in congress. Their course
is the more suggestive because it is plain to
every intelligent person that the only hope for
the republicans in the next election lies in ad-
herence to asound financial policy.
And so the the work OF disintegration
and dissolution goes on.
In our own state the revolution is
spreading rapidly. We have just receiv-
ed the following letter from the Hon. j,
wv. Fulkerson. Judge of Probate OF Ol a.
sted county, one Of the most reliable and
intelligent gentleman in the state:
ROCHESTER,, MINH February q, 1875.
Editor Anti-Monopolist:
Excuse this liberty, but please take time to
answer few iEt.rroxatories. list, Do you hold
to infations without stintf or simply supply
OF greenbacks 70 meet the demand OF tradei
| 2nd, do you hold that definite time should
Be fixed upon to resume specie payment Or
| would you lesve that matter to be gainsaid by
l cicumstanc+sy
Sd. Do YOU think that national banks should
be aboiisheG2 And if so. how should the cur
rency Of the country b handledi
| 4th, In organizing greenback clubs. should
We define their platform with regard to the de-
maud and supply Of currency for the present.
We are about to organise in this county and
would b. glad if you would please give US
y,ur notion on IN matters appsrtaining to the
cause J. w. PRELKkRSON.
4 We would say briefly in reply:
I'll. Imitation without stint would be
hsimply ruinous. We would lose in quail
I ky what We gained in quantity. We
need enoash currency to supply the le-
gitimate wants OF trsde no more and
no less. This would be approximate
determined by the amount per capita in
othvr greAx nations. We would require
sonlAth1hg more than this because we
lAs0 n1fioa + process OF construction.
- - iGbuiiding houses. opening
j faG0AN - Guhting cities needs NOR,
cuftenv tAansOAe who is living quietly
4 on : o41oo4 iuoome. So with nations.
/ y. mfxa 11fnite time Tor resump-
ttion = teOWu - business Of the conn-
try in1e lkeo4rUno of terror. How does
the prie1Ar - 80 knows TIA. be IS to
be hunEQnl Gteoo day? If the nation
ia lie. at0a roo9oces developed, and
its expeuso nCo1 it will BY its own
inherent poeD 8GFowth surmouns
its presenk Nn as = sturdy boy
outgrows tnoa 80 typhoid fever.
i 8. We w 80 tne national bank
i noteswithdr1n Nation andissue
to the banks - , tie value OF
the bonds Ia lEem. and cancel
those bonds, - - the 0&sks carry On
their business With 9rsenbacka. 1t there
- any profit in issuing paper moaey the
impoverished debtridden nation Ssuld
havs that benefit. The iuteres3 aaenl
would amount 70 over e7o. g. - ~
annum-
/ 4. It wooh seem to us anwi1op - -
ii TSsa l1S
currency- Lseihat be determino4 -
i after
!, NOTES ON THR WRE4T PROSezl4n
y We quote : few inseres&ia0 ~
tracts - 3
i A lssdinG grain eirular today q13
i wheat trade ihrougoat4hs country T.
.I uniformly dull. Ii 1oAe markets ~ =
slightly lower, exoept "a choice qualio
laSge aoOas5ion Of supply haa appeared 0 1r