The anti-monopolist. [volume] (Saint Paul, Minn.) 1874-1878, 1876-04-20
grand jury of the District Of Columbia
have found bills of Indictment against
Babcock, Harrington, etc.
ANSWERS no SOuE PERTINENT
QUESTIONS

ANSWERS 70 SONE PERTINENT
QUESTIONS.
Our speech at Faribault the other day
has had one good effect: 1t has stirred
up the Republican Of that city consider
ably. Its issue OF the 18th inst. is full OF
arguments against the greehback theory
of finance Our space is limited but We
viii reply very briefly to some OF its
points.
I. Mr.. Donnelly says that if black cats We're
receivable for sacks OF flour, they would rise IN
the market and become necessity the same as
gold. Very true, and il the whole world re-
cognized black cats, and these alone, as q
measure of value, and common medium OF
exchange. then it would be folly for any one
| nation to attempt to 60 back on them ana sub
stitute mere pictures OF black cats, which haa
none of the feline vitality and musical qualifi
cations Of the genuine article.
A,ssuer But suppose the pictures Of
| the black eats were fundahle into bonds
worth as much as the real black cats,
would, not the pictures Of the cats b.
worth as much as the catsp Heyp
And suppose there Here not sufficient
black cats il the world to do the business
Of the world would not the world have
to resort to pictures OF black eats or shut
up shop? And not this precisely what
takes places? In England for every
3lOO,s Of bank n9tes, checks ID drafts
there are just 1880 OF gold That is TO
SAY $3.50 Of Elack eats and $91 90 OF pic
lures Of black cats.
H. 1t is not many months since Donneily
was holding up the East IS prosp-rins beyond
measure, while the agricultural West was :
ground down and oppressed in consequence Of
the operations ola wicked tariff. Now he has
changed his tune aud depicts the lnanufactus
ing population of the Kast as on the brink Of
starvation, while the West is moderately pros
porous. How is this, any wayf II the tariff
was responsible for the difference in the two
sections, how is it that without any essential
change, eastern manufacturers are nearly
ruined while the West continues on the even
tenor Of its way?
AnsUer: Suppose the Legislature OF
Minnesota passed law that Mr.. Nc
Kinstry. the editor OF the Republican, and
a few others, should have the sole right
to sell goods. wares and merchandise in
Rice county ;or that ii outsiders sold they
should have t. pay q tariff Of - per ct
before entering The county with then
goods. What would be the result!
McKinstry 4 Co. would add 40 per Ct
10 the cost OF their goods = every man
that dealt with them would lose 40 pei
ct. on each transaction this in ten year,
would be 400 per Ct. on his total put-
J chases. Mex & Co. would grow ex.
ceeding rich They would build stores
factories, palaces. Confident thai they
J had soft thing Of it, they would sprpae
out their business. run in debt and live
extrayayantly. But in ten or ti!teei
years they would transfer two thirds 0
the wealth Of the county OF Rice to thei
own pockets.
This describes the first etage referred
TO by the Republicans. Now comes ID,
second -
The people, their customers. have al
4 grown poor, rs Mex. 4 Co. grew rich
Many fail and cannot pay Nick. 4 Co.
8 what they owe them sheriffs and con
stables are busy everywhere, those tina
: remain solvent are driven to the mos
pinching economies. They refuse L
buy from Nick. & Co. anything but tn
bare nccessaries OF life. Nick. 81 Co
: are unable to sell their goods or pa,
: their debts, their mills stand idle, iael
: wcrkmen starve.
( Tha, is the second stage referred TO b.
q the Keguslsc0n. 1t is answered.
III. Mr.. Donn-lly in his Court House spsec
: | made the absurd statement that gTeenJark
= are now worth more than gold, in support {
& which he referred 10 the market pr.ce Of U. .
= SKIES, the interest Of which Is payable IN cur
= = rency, and which quoted IN the market :
!. si2o. " higher than any Of ne god bsar'a
: bonds. The explanation 81 this IL, that thos
= bonds have = longer time 70 run, and arr there
: fore more desirable - investment than IN
2 gold bonds that ars liable TO BE- passed in at an
= time there is money in the treasury for fhe
I redemption.
: Aascer: We stated that q govern
! ment bond, the interest Of which is pay
J, able in greenbacks. 10 to day worth NOR
! than gold. The Republican admits thi.
y Currency Sixes.~ are worth l26; gol
is worth ID IL.
The currency 6's," therefore ar
10 worth II IL per Ct. more than gold
ID Now il 2reenbacks were iundable at pa
!, into these bonds would they not
!, worth II ! 2 pr. ct. more than gold1 In
1 would not So 40 year bond in1sg
) changeable with greenbacks be wosa
1 pa17 Answsr,-that profound philsl
opher And il not, way noi2 81
= Nv DonDeiiy says the people viii sArs ~
y Is 10 % per cent interest they are DOW EAgtr
I, by the withdrawal Of the National Bank II
4 culaaion. This statement will bear inss11tgz
= ton. The bank, says M. Dtnns.ly, - 4
ceaviug six pr cent on the oolds ti,ey rid ,
security for their circulation. But ii l-Risiatio
1ere adopted tina. ron.d COMPEL tins N4tionl
~ Banks TO surrender .hrlr circulation and i
I. csive back their bolds, this would not to
q the paymen, Of the Suns interest on these d
ligaisons Of the goTernTneH-
% AnsiOsY: There arr, we will sa,
- e4OO. OO0. o % OF Dondson deposit, az s.
i curiiy for national Hnk notes. bearin
= s per Ct. Interest, or twenty four miilio
per annnm- payaDlefn gold BY The peeps
= THROUGH TAXATION. Suppose the %,
= eminent says 70 The banks, bring in Toz
u bank notes. surrender your bonds Il