The anti-monopolist. [volume] (Saint Paul, Minn.) 1874-1878, 1876-08-24
AND STILL ANOTHER ALLY.

We are glad to see that the Reform
Party Of Minnesota, under the lead o
the Waseca Radicals uttering no uncer.
tain note in reference to the financial
question. We quote some extracts from
an able editorial on the subject:
Both the Republican party and Democrat,
party have lodged the financial question. The
business OF the entire country has been pros.
specie payment at . time when such
ns old parties, '' being pa1 sen.sOisd 0I,y BY
the money gamblers Of the country, pro.
pose to continue this ruinous promise. It 81
true tha. the democratic platform demand.
the repeal Of the time Jan. LIST, 1879 but il
does not demand repeal Of those other por.
tions Of the act which are making sad worh
with the country's finances.
As both parties stand pledged to sustain
that law, let US outline it briefly.
1t provides for issuing gold bonds, (not pay.
able in silver bearing gold interest, to TAXA W
the fractional currancy. It provides that tbs
legal tender money of the government, (green
backs) shall be Withdrawn and bank bills sub.
sttuted therefor; thus destroying the green.
back currency which bears no interest, anc
substituting therefor bank bills, upon every
dollar Of which the people must pay Interest =
from to u per cent, thus increasing the pow
er Of dangerous monopoly-a monopoly tha
is drawing the life blood out Of the industrie.
Of this country-a moneyed monopoly NOR,
crushing in its demands than any other or
this continent.
These men who are shouting "hard money
do not mean hard money, but the very re
verse. They do not mean to redeem the green
backs in silver and gold, but they intend 4
drive them out Of existence and give US in thei
place tn. shin -plasters Of banking corporation
based, not on gold or silver, but on the gold
inte.est-b-ar!ng bonds which are to be issued
in place Of the greeubaeks.
Do the peop.e desire to thus burden them
selvsss Ifth.v do they will vote the old part,
tickess--if not they will vote for tbs Reform
party which pledges itself 10 Sc. apart porto,
OF the specie income tor the redemption of th,
greenbacks, and to q repeal Of that unjust law
falsely called the resumption act The Reform
party prefers sreenbacks to bank bills, and "a
vors specie payments As soon as possible. II,
platform on this subject reads as follows:
s. That il is the duty of the general govern.
Tsent to establish post-cfhce savings banks
men and women may deposit their SuYplu
earnings without the danger Of losing them
Z. That it is the duty Of Congress to:srspea
the act Of January 18th, 1878, psomising > re
sumption OF specie pay ynent a: = time Y hen re
sumption will b. practically impossible, ans
that true financial policy would induce Con
sress to st apart portion Of tie specie de
rived from import duties for the gradual re
demp;ion Of greenbacks.
s. That the money Of the government shoul.
b. sepsrated from banking institutions. an,
the national government only should exsrcis.
the highpr-rosasive ofissuiny paper money an,
that should Be subject TO prompt redemption
on demand, in gold and silver the cnly equa
standards recognized BY the CIVILIZED world