The anti-monopolist. [volume] (Saint Paul, Minn.) 1874-1878, 1876-08-17
OUR CAPITALIZED SENATE.

1t seems to be foredoomed that Billy
Window, handsome. odorons, slevk
non>committal, anti ,friction Billy, will
60 back to the United States Senate
there to cast his vote for six years, in the
name OF the people CT Minnesota, but in
the interest Of the capitalists of Wall
street and Threadneedle Street.
Read the following, from that staunch
Republican paper, the Chicago LITTER
Ocean, and note especially what is said
ABOUT the Senate being largely under
the control OF bankers, capitalists and
Dondholders, both here and in Europe y
Several OF the new York papers appear to
! gloat over the announcement that the price of
silver n London has fallen to o3l pence per
ounce, and that, according to this valuation,
the subsidiary silver cola Of the United States
Is worth only - - cents on the dollar in gold
and the Federal silver dollar (tor which Con-
gress Is now considering bill to restore it to
It's functions OF unit OF values and legal ten
der for all debts, public and prlyate) is, there
fore, wolth only ia cents III gold for export
as bullion.
We begin to suspect that this rapid decline
of silver n London is the result OF a bear
movement organized ID behalf OF European
holders OF American bonds. The reason for
this suspicion Is lat 1t comes SO opportunelv,
Just at the nick OF time, to BE- used an argu-
ment against the passage OF a law by the
American Congress to make the Federal silver
dollar legal tender for all debts, public and
private Il IS well known il Europe that the
House OF Representatives did, few weeks ago,
pass such a bill, and that there is now a CON-
ference between aconmittee OF the House and
another OF the Senate III regard to this very
measure. Az remarked yesterday, it Is to be
feared that the Senate is SO largely under the
control OF bankers, capitalists, and bondholders
both here aud i'll Europe. that It viii fail TO 10
It's duty TO the people, ana that It will fail TO
make the silver dollar legal tender for ali
debts, public and private, as it was prior to
that infamous fraud in the coinage law OF Feb
ruary, 1873 which substituted gold dollar As
the unit Of values instead Of the silver dollar,
which was all that was promised in the bonds
and the green bacns when they We're issued.
II any body Is lncreiulous about the combin-
alton OF capltalists and boudholders to iepress
the price Of silver IN London, and use this as a
means Of preventing the restoration the SILVER
dollar IN those last few days Of the Forty t, urth
Congress, let him explain how the law was
passed, without the knowl-d. OF the people,
N February, 1873, 70 substitute gold dollar
for a silver dollar IN the promise of every bond
and sreenback anu every mortgage in the
United States. This whole proceeding, &C
complishei mainly through the agency Of Mr.
Boutwell,, DR.. Linderman, and a few other
'experts. was an enormous fraud upon the
people Of the United States, which has added
IS to % per cent. TO every debt, pubic and
private, done solely III the interest Of capitalists
Aad now that the people begin 70 discover the
manner in rhich they have been vctimized,
the price OF silver IS made 10 decline enor-
mou.ly in London, 10 prevent Congress from
undoing The wrong 10 which Il vas unyittingly
party.
The marvel is that the paper that
makes these admissions will still coniin-
ue 10 support the party whica commits
these frauds upon the people.
Alas. for the dreadful necessity tor
daily bread.