The anti-monopolist. [volume] (Saint Paul, Minn.) 1874-1878, 1876-10-19

of a Government. PETER CoopRR "'3
THE TRUE FUNCTIONS OF MONEY
Money, instead of being the medium Of hal
ance between production and consnmnt;on
protecting production from non-prodnctive
consumption, which is its proper function.
serves, under our present system. to protect
non productive consumption in the possession
or control of nearly the whole wealth of So
clety, thus defeating its true purpose and OBJ
ject. JOEL DENsMoRE.
THE TRUE FUNCTION OF MONEY.
Money should be the servant, not the master.
OF commerce. HENRY CAREY BAIRD.
WHAT HIGH INTEREST IS DOING
Exorbitant rent Commonly called interest,
Is silently but surely devouring the substance
OF the people. PETER COOPER.
HOW TO CREATE PRODUCTION AND CONSUMPTION
BY simply allowing labor the unrestricted
use OF money to accomplish its EXCHANGED a
universal stimulus will be given To nrodnct;o,
ana consumption. The free supply will cheap-
en- interest, and low interest by adding to the
Prohts OF producers will lessen that of can;tal
tnerepy encouraging the activity of produc,
ton; CHARLES NJ. DuPUy.
JEFFERsoN's OPPOSITION TO RANK pAprp
BANK paper must be- suppressed and the cir
culatlOn restored to the nation. to whom II
properly belongs. THOMAS JEFFERSON.
THE ALL IMPORTANT ISSUES
No single interest touches the domestic COM
fort and prosperity of the people as this one of
Y! tne currency, ana IN the present condition of
the country none is OF so much immediate i'm
portance, or calls for more immediate solution.
10 put of this queation, therefore, with vague
expressions of reform, and the desirableness
OF specie payments" is to ignore tho ruling
interest Of the hour. 1t is to surrender the
people to their sufferings without any promise
OF remedy. PETER COOPER
THE GOLD swlNDLERs REBuKEp,
III the bondholder refuses to take the same
kind OF money with which he bought the
bonds, he Is an extortioner and a repuda-
ton" SENATOR SHERMAN.
THE BEST KIND OF MONEY.
The people are the sovereign power. and no
man can question their right (throueh Con-
gress) to make as much of the medium of ex
change lmoney) as will be necessary for the
wants OF trade. Paper money is better than
eNner gold or silver. as its volume cannot he
contracted by using it as Il merchandise. JoBy
MAGClRE of st. Lonis
FINANCIAL IGNORANCE TAUGHT IN COLLEGES
The blindest ignorance regarding the tinan.
cal history and status of the world prevails
amongst almost all classes, and is taught in our
coieSes, ana IS most conspicuously manifested
IN the w-making and executive departments
OF our Government. We propose a national
currency to consist wholly of grcenbacks to le
entirely controlled 10y the peoples representa-
tives and thus to be absolutely beyond the con-
troll or influence of spectators in gold SYp-
NEY MYERS Of Chicago.
TIE REAL ISSUE
The issue is not betwean gold dollars and
paper dollars, as the bulliOnist n,wsnaners
leave the readers who know no better to infer
The issue is whether our currency shall con
slst OF all bank circulation, dOl.d out to the
people 10y combination of corporations at
eXorbitant rates of interest or of full legal
tenders issued directly to the people i'm paw
ment OF the debts and current expenditures of
the Government. The issue admits of no COM
promise; for upon the result depends the
question whether we are to have q Govern
inent OF the people or money oligarchy. II
IS one OF the strongest convictions of my life
that upon its decision are suspended the fate
! OF our civilization and the destiny Of the coun-
try.-Congressinan CAMPBELL, VI Illinois.
sTEALrnY AND MOST INsiDious POWER.
High interest is the most dangerous. be-
cause the most insidious, OF all the pow.rs
menacing the rights and prosperity of the peo-
pie. Operating silently and unseen, it stealth
lily takes from the producing classes large
portion OF their earnings, while 1t keeps them
in Ignorance Of the cause of their WRONGS
Congressman CAMPBELL, ofIllinois
WENDELL PHILLIP.
The greed of capital forces the Govcrnment
into one pathway; starving labor clamors TO
have it move otherwise. WENDELL Phillips.
WHAT II MONEY
Money is a token Of sovereign mower. Tb..
lG nat rav
which money is made may or NAV not have
value as commodity; but sovereign power is
not commodity. TO make money merchan-
disc II to give power which does not belong
TO it; and gold being merchandise it is of the
wealth OF the country, and not being money
until the token OF sovereign power is put upon
it, the sovereign should look only to adiugtinp
his own household affairs and withhold his
brand from being put upon articles Of mer-
chandise. JOHN MAGuIgE, Of st. Louis.
PRESIDENT GRANT.
the currency based on the credit Of the country
il the best that has been devised. President
GRANTS Message to Congress Dec. 1. 1874
The above was Grants opinion Of a sound
currency when ne was in q position TO sneak
without prejudice on the subject But the
money power quickly made him eat his own
words, for in subsequent m.ssaQe he says:
commend TO your earnest consideration the
REPEAL OF 30 much Of the l<gal-tsnd acts as
makes these notes [''ths best that have been
devised receivable for debt contracted after
date 70 be fixed in the act itself, say not later
than the First Of January, iS77." Tn verv
money which he characterized in 1919 a. tn.
best that has been DEVISED" lie designated a
year Afterwards ~ being unfit to liquidate
WHAT THE GOVERNMENT SHOULD 10.
The power to supply ourselves with an much
money ~ may be needed narrows the question
down N the single point, 10 wit How much
II needed And / contend that this question
Is determined when We ascsstain whether or
not the Government owes NOR. than she has
On hand or available 10 pay what she OWES
II not on hand or available, then enough,
legal non inter=st-b~aring paper money ought
70 b. made to make mp the deficit. viii
any one contend that the Gov.rnynen. NAV
not pay ber debt in tlst way with money,
With paper dollars or gold dO!Ia,s, the paper
d0lIass being ~ vaiid : LEGAL tender AZ gold