The anti-monopolist. [volume] (Saint Paul, Minn.) 1874-1878, 1876-05-25
OUR ONLY SALVATION.

LETTER FROM PETER COOPER-NO HOPE
BUT IN THE INDEPENDENT PARTY.
At a greenback meetingln New Haven
recently. the following ringing letter on
the financial question from the venerable
Peter Cooper was read:
Dear Sir-I learn with pleasure that
there is vigorous movement through
out the country to stem the downward
tendency in financial affairs, which the
mistaken policy of the present political
parties insists upon forcing upon our
country, and the object is to establish an
independent party that will inaugurate a
better financial policy for the whole
country.
see no light on the financial question
except such as may be thrown by the
formation OF such an independent party .
have hitherto expressed my views on
these financial questions so fully 10 var
ious pamphlets that it leaves me but
little to add. and can only emphasize
what have said before.
The great question before the Ameri-
can people is whether they will accept
finally and forever their own lawful
money made so by the authority of the
government. and based tor its perma-
men. value on tho credit of theowhole ma
ton, or whether they shall accept the
paper promises OF corporations to pay
gold. which it is often out Of their pow.
or to accomplish.
It would seem that kind providence
has literally forced on our country the
best foundation - which to build and
maintain an un1nnfnating national mon
ey-one thAt VIM II rightly awaited.
prove to b. Of sulkClent value to com
pensate for al the losass occasioned by
the war Of the robelli0&
1t was we'll said IN 1l1en times thai
the sin OF in grats1nde + NNkpe than the
sin OF witchcraA. IhQo d nothing that
can be more unxt11l than TO . man
to cast reproach O - 1kiead who saved
his life.
I, is equally ungrsEe1hl in ~ - ia
ton to cast reproach On our legal ten
der money. that has nos only saved oul
nations lite, but has been to ~ the -
currency the world has ever ssen
Every dollar of it that was paid ous ~
: actually paid out for labor anA propsre
received and used by the goSQEnneni
| uHS H1t0 ueUtS, NuO u1S UUuxut 00NADUE(
every form Of property as ii it were =
{ purest gold that was ever dug from T.
5 tbowels Of the earth.
) hold that as far as the governmea
4 has authorized and used paper none!
5 in the purchase Of materials and in tn
b payment of its debts, it has become bar
i red from all control over it, except :
T tax it in the same way that it does ever
= other form Of properly, to continue it
]. use as currency to the actual amour
= that was expended in the war.
Z The amount OF currency must b
0 made the permanent measure Of al va
5 ues through all coming time, and neve
Il he increased or diminished except as pc
e capita with the actual increase Of the in
!. habitants Of the country This is m
o opinion, the only means which is possibl
for the Government to adopt. and at Ii
Q same time secure perpetual blessing |
: our glorious country. 1t was the muc
e abused paper money that served OF
= country in the war OF the rebellion.
IS twas paper money that saved OF
e country from having its conversion,
$ based on human slavery.
e 1t was paper money that saved En-,
: land from being overrun in the war wi
b Napoleon.
N Ii war should come tomorrow the
e. is nothing that can save Us but the mud
= abused paper money.
I'll Itshould never b forgotten that &