The anti-monopolist. [volume] (Saint Paul, Minn.) 1874-1878, 1876-09-14
I.nsrfest pass
The -Anti-Adonopo1ist.

bers Of artisans and laborers were thrust
out of employment; and the suffering
they endured finally brought them al
most to the madness Of open rebellion.
/ The prices of all commodities, said
Matthias Atwood. in speech in the
House of Commons in 1922, alike of ag>
riculturc, and manufacture. were brok-
en- down upon an average so per cent
and factories and lands stood idle and
] untitled. Mr.. Alexander Barring (speech
in the House Of Commons, December,
1879, said that the suffering extended
to all classes, and that the condition OF
Great Britain in the sixth year Of the
peace was unparalleled in the history Of
any nation or time, Lord sBroughan
I speech on the corn laws, made in the
House Of Lords, February 10, 1880,
said that the restoration of the currency
was almost as bad as the depreciation !;
and that although he had supported the
resumption bill, he had always deeply
| regretted having done so. The bitter
| fruits Of the act, says Sir James Graham
Gin his celebrated pamphlet on Corn and
Currency, page 49), were tasted by all
classes, save tina. in the midst Of the
ruin inflicted upon farmers and manu~
tac,urers, and the instructions of q pop
nlace without bread and without en-
ployment. the fnnd-holders and tax
eaters profted." They profitted, he
said, by what the producers lost. The
/ distress, ruin, aud bankruptcy that took
| place, says Mr. Doubleday Financial
history Of England, ? 27D, by reason OF
| the relentless narrowing of the currency
were universal and extended TO oil the
operations Of land and trade" That the
resumption act put a burden upon in
dust1y, says j. b. McCalloch CONNER
cial Dictionary, article Banks and Bank
! ing). and in SO far was hostile TO the
public interests it is Impossible to doubt
Lord Oyerstone (Tracss on metallic aad
paper currency, =. loj), says that the
restoration OF the currency in 1920
produced extensive private suffering,
arrangement OF property, disturbance
IN the operations ottrade, and injustice
10 extensive classes OF people. Jean
! Baptist Say, the eminent French econo,
mist, after reviewing the period Of sus-
pension and the consequences ofresump-
ton practical Political Economy ed.
OF 1928, printed al Paris, p 6l), sums up
by saying that the privileged classes, the
public functionarles, the pensioners of
the State. and the iundholders. protited
..by the enhancement in the value OF
money but adds that it laid burden
upon the masses of the people and upon
industry q burden that SO rich and in
dustrious a nation, and SO admirably ad-
ministered in other respects, could alone
support DIR. Thomas Chalmers
! political Economy, p. 2oo) writing in
1882, took great pains TO show that the
condition OF the British laboring classes
was seriously worse than it had been up
to the year 1919 it was about that time,
he, said, that their progress was first
arrested and then turned backward and
the Hon. George C. Brodrick (Cobden
Club Essays, 1879, speaking OF the de-
terioration in the state Of the English
yeomanry, says that, by the reign Of
William the II (who succeeded to the
throne in ls3O) the descendants Of free
holders who once sat as judges and leg
isIa,ors in the courts of their own county,
hundred and township, had sunk into
day laborers, but one degree removed
from serfdom, dependent on individ
ual landlords for the humblest dwelling
and On landlords assembled at Quarter
or Petty Sessions, for the security o
every civil right And let me here OBJ
serve, that it was not until 1880 that the
] monetary system was finally and per
) manently settled upon gold foundation
The operation of the resumption act up
on the people. it is thus seen, was on,
of unmitisated evil; and led to grea
popular agitation, riots. murders, con
spiracy. tumult, and threatened. ang
even attempted insurrectioa in yarlou
parts OF the kingdom so extensive an,
. portentous. indeed, that the Govern
ment.was compelled to resort to tn
most extraordinary measures OF repress
ion. The loca. military organization
: were largely augmented. until they
: numbered. in addition to some reguia
s troops, 81 900 mcn) and it was this ex
hioition ot resoluse preparation, organ
: lied especially in the manufacturing
: districts says Sir Archibald Allisoa
!, (Iiistory oil Europe. "a series. chap -
$ and the decisive demonstration I affotd
! cd Of moral and physical strength On tn
part OF the government. that saved ta-es
Britain from an alarming conclusion
The political economists were prompt
!, on hand with their petty and most pr.
J Iposteruus explanation OF the source {
=. misery and agitation; it was over-prc
:, ,luetiol' an explanation rightly denoas
: ced hy Mr.. Alexander Barring as pun
5 trash. Yes: over production made Il
5 years isl3-ao-1i Tue most anxious IA
7 ssissresslui in modern British histor1
!. You may consult the literature OF ii
: times for the facts. Thomas May Erl
= sine. in his Constitutional History
England SAYS the year 1919 was one
peril. Harriet Martineau. m her Hi
. tory of the Peace describes the distrac
: cd condition OF the country with graph
: power
al Sir Archibald Alison is ornate IN
!, eloquent in his descriptions Of the sta
~ OF the nation. The government alarr
! lists Of that period says Charles knigh
n ia his History of England were in
= / <xv,l:fs~r 80 al yunSe hpIvfac- sorrrr =,