The anti-monopolist. [volume] (Saint Paul, Minn.) 1874-1878, 1876-10-05
legal tenders" AS gold, adequate t
the redemption Of any considerable

legal tenders" As gold, adequate u
the redemption Of any considerable
amount Of legal tenders, cannot be OF
tanned, the only way to get rid of then
is to fund them into interest.bear
gold bonds. When this proposed plai
is carried out, and all the greenbackI
are retired, there is no legal-tender LEFT
but gold, and Of this there is not sud
ffcient in the United States to PAY
ninety days Federal taxes! \
Another of the kindred outrages pelI
petrated upon the American people b!
the money-power, through their agent;
IL Congress, was the surreptitious de-
monetization Of the silver dollar, which,
had been the unit and measure oil
value and legal-tender for the pay
ment Of all debts, from the foundatio3I
Of the Government down to 1873
Then, without discussion, without no
tice, and consequently, surreptitiously.
the silver dollar legally ceased to per
form its functions as money. Garfield
in speech justifying the act, says 0
this: eve foresaw that the immens|
product Of our silver mines, and thu
demonstration of silver in Germany
would greatly reduce its value relating
to gold"
Yes, it was foreseen by the ever
-vigilant money lords and bullionist'
that possibly they might be required
to receive payment for their bonds i'll
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 fifteels
to twenty-five per cent, to the dis
advantage Of tax payers in an equaN
degree, the crime was perpetrated
Both conventions of the great partie
could not promise redress Of this greaA
wrong. The Independent Greenbacl
Party demands the restoration of thu
legal-tender function to the silver dol
lar.
With silver no longer legal-tenderl
and gold coin beyond their reach, wha1
have the people left with which to pay
taxes and debts, transact their business
and make exchanges? Only Nationa
Bank notes, which are sham money.
Mr.. Tlden says the National Bank
must take care of themselves, and b,
prepared to redeem their notes on pre-
sentation.
1t needs no facts or arguments tt
demonstrate that the National Bank
have no gold and cannot procure it.
The Government is the indorser
these notes, and holds its own bond
to indemnify it in case of failure Of
the part of the banks to redeem.
The Government can put these bond
upon the market, but as we have al
ready shown in our quotations from
Secretary Boutwell,, the gold canno
be procured.
In this dilemma, for the protection
Of the public credit, Congress would
instantly provide for the indefinite
suspension of specie payments by tn
bduhS. lutSC lCouACo d4C3 uOuOtACcs
"foreseen" by the statesmen of boil
parties who advocate the destruction
of the peoples money, which is lega
tender, and the substitution Of bank
paper which is not legal tender.
Then the country will realize thu
glories Of "gold basis" and lear
what is meant by ''irredeemable trash
The fallacy and cheat of sgold basis
will have been demonstrated for thu
thousandth time. Paper money OF
such a basis, answers good purpos
until the gold is demanded. The basil
Of such issue is not gold, but con
fidence. "Wild cat" or even counter
felt money answers the same purpos'
until it's real character il ascertaiped
q
We appeal to the honest voters OF
all parties to sustain our cause, and foI
the integrity Of our purpose and tht
wisdom Of our policy we await tho
crystalization Of history.
If you are in favor Of a circulating
medium issued exclusively BY thu
Federal Government, full legal-ten
der for all purposes, and by judiciow
legislation kept equal 10 coin in it,
purchasing power, under all circum
stances +; If You are in favor Of the
total suppression Of all bank issues de-
signed to circulate as money; if you
are iii favor Of the restoration Of the
silver dollar AZ legal-tender for the
payment Of all debts; the Platform
and Candidates Of the Independent
Greenback Party alone give You an
opportunity to express your sentiments
at the ballot-box.
II you are ready and willing to con-
Time the sway Of the moneyed oligar-
chy, composed Of the capitalists OF
Europe and Of this country, you can
vote for your old parties respectively,
for ever. Their platforms are jun
as the money lords would have them.
The Indeuendent Grcenkack Party