The anti-monopolist. [volume] (Saint Paul, Minn.) 1874-1878, 1876-07-13
The Anti-Mon0POliSt.
and thereby INCREASED THE BURDEN OF

and thereby INCREASED THE BURDEN OF
THAT DEBT NEARLY ONE FOURTH, oy
compelling us to pay 1t in coin money
dollars, which were worth one. fourth
more than war money dollars. 1t added
| from $3.50, 0OO,OO0 to 100000. 900, not
to its nominal, but to its real amount.
What was the result? For 100000, 900
in coin money paid by the Rothschilds
in 1868, for 500, 900 in greenbacks,
or war money and then exchanged for
500, 900, 900 in war bonds, he received
| Sc 100000 annually in coin money, or
10 per cent in coin money upon $6O,~
600, OOO. of coin money, for six years
| from 1868 to 1869; in other words, he |
had received $50 100000 in coin money
tor the use of $6O, ZOO, 900 OF coin money,
when congress passed the act OF March
IS, 1869. The war money in 1869 was
worth Is per cent more than when we
borrowed it of him, so that the $780,
100000 Of war money, worth only $780,
600, 900 in coin money in 1868, when
we borrowed it. was, in fact, worth
SO, eOO, 900 in 1869. And had we then
paid the principal to him as we had the
lawful right, he would have received
back, not only all his principal, S6O,-
900, 900 in coin money, and S36,0O0,oOO
for the use of it six years, but he would
have received an advance of$15,O0O. 900
besides, or 25 per cent advance on his
loan-all his principal with 10 per cent
interest and bonus ofR5 per cent.
But congress, in 1869. declared that
the people ofthe United States should
not pay Rothschild in the money they
borrowed and IN the money they agreed
to poy, though worth p per cent more
in coin money thai when they borrowed
it, but that they should pay him one
hundred million in coin money tor the
principal sum of sixty million in coin
money-an advance of forty million,
besides thirty six millions Of interest.
Bv that act congress demonetized the
war money. tor which we sold our war
bonds; and in which we agreed to pay
them. so far as it related to the war
debt. It was still left as money to pay
all debts to the government, except du-
Ties on imports. 1t was still money to
pay all debts to the common people. 1t
, was still money to pay widows and Or
phans' pensions, through the price OF
precious blood.
War money was demonetized. so that
- Rothschild could get back not only the
coin money he parted with, with ten per
;, cert coin interest, but, besides, all that,
!, !, an alrahce, q bonus, q gTt, or u su6std5
;, of almost 80 per cent on the value OF the
:, original loan-forty millions on sixty
!, The subsidy given to the bondho,ders BY
e that act demoaetizing war money az
:. legal tender for the principal OF the wal
| it, pfov
: subsidy to the Union Pacific railway
with all its Credit Mobillers. The bnr.
den of the public debt. that mortgage
- upon the property and earnings OF our
- selves and children, given, not for coli
:, money, but for war money. worth onl
= sixty cents in coin when received, wa
- increased nearly % per cent. 1t wa
=. done for no new consideration. 1t wa
done without any reason or necessity
1t was done solely tor the benefit OF
few of our own, but mainly tor the Der
10 eft OF foreign capitalists.
- By tia. one act. compelling the peopl
- to pay dearer dollars than they borrow
- ed. and dearer dollars than they agree
= to pay. congress levied upon the peopl
:. OF the United States, in favor of bono
- holders as class, i contribution near
~ one hait' as large It's the 'car indemntl
:, schlch uictori0as Germany levied c
10 bleeding France.
:, leone now to the second act in tn
IN series, to which refer again in favor
the bondholders. and against tue Peep
~ the act OF Feb. II, 1873.
- THAT DEMoNETIZED SILVER DOLLARS
ha as legal tender for any sum above fiN
70 dollars.
~ Congress did not stop with demon,
IA thing legal tenders, or war money,
-, a means OF paying the war debt, but
az no design or blunder, again. and alwa
=. in the interests OF tie bondholders.
=. the 18th Of February. 1873, demonetiz'
- silver dollars. They declared that ST
~, yer dollars should cease to be legal tel
no der for any amount exceeding five dc
IA lars.
ties There was second violation of Il
,re contract-not by changing its words, b
He BIZ changing the meaning OF the wo
m dollar. II was second breach of q
90 Dlighted faith upon which the great bu
en- den of debt was assumed by the poop
OF Of the United States.
mt 1t sometimes seems as ii congress d
,al not realize that the party who is to p'
jim has some rights. as well as the par
n who is TO be paid. when changing t
or meaning OF the dollar.
ey Let me suppose that a farmer. in 4
40, corn growing state OF Illinois. had mo-
ok gagged his farm tor ten thousand dollar
,ur to be paid in corn at fifty cents bush,
IN or in wheat at one dollar nushel.
lat his own option what would YOU thi
MS OF a law OF congress declaring that
~. should never pay the mortgage in cor
N but that he should pay it all in whea.9
vol The United States is silver produci
he country. Our mines produce silver
ct. great abundance. After congress,
div the act Of March Is, 1869, demoretiz
ice war money 50 that We could not pay I
int principal Of the war debt in war men
O. dollars. as il was agreed when the de
Was made; we still had the right 10 D
nod that d. BIT in silver dollars as well as
mn, gold dollars. But by the act OF Feb.