The anti-monopolist. [volume] (Saint Paul, Minn.) 1874-1878, 1876-05-04
The Financial Question Green
back and Gold.

SNo@~'s ~ Oys'''~ iJStSb -S~fi oSeS'S NV
Illinois State Grange o: the Patrons Of Hus.
bandry, at Champaign, H., Dec.l4, 1875.
And provide, further, that the secret
airy Of the treasury be required to hold
in reserve United States legal-tender
notes to the amount OF forty million Of
dollars ($4O, 0o0, 00O) to be used for the
purpose OF temporarily retiring United
States bonds as aforesaid, but the said
notes shall not be used for any other
purpose, nor shall, the whole amount OF
the United States legal tender notes, in
GLIDING those which may at any time be
held in The United States treasury, SUBJ
treasures and Repositories, exceed four
hundred millions OF dollars (S40O, OO0,-
O0o). until expressly authorized by
law.
The financial centre of this country is
near the centre of its population, not at
the port ut which it receives Il few goods
from foreign country. and from which
it ships small percentage OF its surplus
products. Provide that forty millions OF
dollars shall he accessible at New Or
leans. San francisco, Chicago or New
York, in this wise; that any person,
white, black or Chinese. who shall come
TO any one OF the sub-treasuries in either
OF these four cities with United States
government bonds, four. five Or six per
cent. bonds, in round sums so that it
wont make too much labor. too much
account keeping. and have the right to
say to the agent OF the government, here
| are ten thousand dollars. say, OF your
i've per cent gold bearing bonds. Cur
rency is SO scarce that am willing to
take your non-intaress bearing bonds So
called green .cks. and forge the inter
est on the bonds until bring these
| erceubacks back aud replaces them in
The reserve. and that is Il good trade for
| the government, as it will save five per
| cent. gold interest on 81 much debt.
am not going with M bonds that bear
any interest unless l am going to pay
| them on. and pu. the currency in.o the
financial circulation OF the codH,rg anu
thereby benefit the whole community
and therefore just as soon as times are
easier and the MAI l len. these green
backs to comes back and si.s. Il am
ready to pay that note" | take the green
back and carry them back To tie sub
treasurer. and say ''you my give M
my bends. will take the interest oil
them hencefor,h fora while; you may
cut off the cupons Tor rs long Us they
have been in your h ,nds." Now that i,
= gauget +, measure the actual dem md
for moro currency. 1fyou have steam
engine. how do you Know how much
water is in the boiier2 You try the
guage and then you will knc you don
guess; you won't travel with m en-
gineer who guesses how much water j:
in the boiler, aud how much more or les
is required; don't want to travel will
such An engineer as tnat Il want to trayc
with an ingineer who has n gu.ye - hi
boiler aud knows how much water b.
has BY actual test. Now his IS you
currency gauge. for it during lon.
period much Of that forty millions is gu
it will show that the people who hav
relieved the demand foe more currenc,
! are sacrificing iadividu lily their Eve pe
cent interest TO the general goad. wh.c
. is doing more than their share, aal th-r.
tore it indicates that the country can at
soro more currency without ind siion
CApplause.
In the Cornish mi mes they had DO
10 handle the throttle waive OF thai
! steam engine. The Svcresary al th
Treasury is comparable t. that Cornis
boy. According TO hi ia sym.ns VINE
he thinks he wants more sic IN. he ope
!. the valve and the piston & rs up. AMI b
\ says ..well after little GUESS vii! |,
e her down." (Applause
. And he does il all By hand. 1heI
: was smother steam engine aiteade., BY
! boy. He would open the throttle way
; and let on more steam. The s.esm won
o 60 in under the piston and lit it up. ~
. then he would turn another little Cos
that would let ia cold water and wou
: condense the steam. and down would g
d the piston. then he woald naad.e = lev;
: and it would go up and then tara TIE ID
= tie cock that would let the water in, a.
!. down she would go. That il the wa
: taey pumped the Cornish m mes with Il
!. old enxine oil slavery before Watt The
: had ahifiless kind Of = boy. and tn