The anti-monopolist. [volume] (Saint Paul, Minn.) 1874-1878, 1876-04-13
The Financial Que stion Green
back and Gold.
Speech Of Sydney Myers, Esq.,. Before the
Illinois State Grange of the Patrons Of Illus.
oandry, at Champaign, ILL.,, Dec. "a, 1875.

Illinois State Grange of the Patrons Of Illus.
oandy, at Champaign, ILL.,. Dec. "a, 1875.
GREENBACKS.
That is one of the very things that it
gave. None Of these greenbacks have
been issued since the war closed, except
duplicates to replace worn out origin
ais That dollar greenback was one
of those that it gave for those things,
and
WHAT is A GREENBACk?
We cannot blame those men who are
trying to understand a British system of
finance, which is not understandable,
if they do not understand our system.
When SO respectable house as &. p.
Putnam & Sons, of New York, issues
book OF reference, in which The definition
Of greenbacks, is given as United States
notes, or national bank notes." (See
Worlds Progress, 1873, page So Lee
gal tender notes of the government are
alone known as greenbacks. Are green
back clubs established for the purpose
Of advocating the perpetuation OF the ma
tional bank notes specially? | don't
think any greenback club understands it
in that way. The greenback is the legal
tender obligation issued by the govern
ment of the United States direct, without
the intervention OF any one but its own
immediate servants. This greenback
reads. The United States will pay the
bearer one dollar" That obligation was
issued for clothing and munitions of war,
and the wages. the pittance received by
your boys. That is an obligation to-day
unredeemed. am getting on danger
Gus ground, am not? l think not;
unredeemed and partially repudiated!
When you took that greenback tor your
farm products, for the products OF your
manufacturing establishments. there WAS
an endorsement on the back Of it
which has been surreptitiously
erased.
THE FIRST STEP TOWARD REPUTATION
/ There was an endorsement on the
back of it providing that it was convert
IDLE, at the pleasure of the holder, into q
six per cent, gold bearing bond Of the
United States and when the law was
repealed-an unwarranted, unjust thing
violating the contract which you en-
tered into when you delivered that for
, age. when you delivered those horses,
when you delivered the transportation
trains. the contract then was that YOU
, might convert this into six per cent. gold
bearing bonds, that IRE now worth a
, high premium over gold in all the mar.
kets of the world. and then the United
> States government passed an act saying,
that after a certain day, not tour months
| think. after the passage OF the act, al
of those greenbacks outstanding. all no
~A& .Y
! should no longer De convertible into thu
e six per cent. bonds, thereby making
! irredeemable. 1t was redeemable ii
r bonds worth more than gold. That i.
: what makes it irredeemao!e. And Their,
9 was another condition to this contract
J. You cannot honestly change contrac
without the consent OF both parties
There was another feature in the con
tract browning that, rs IN the bank de
= partment of Venice, ii one merchan
Q took another down to the bank and sal.
l. II owe you one thousand marks. l an
i ready to pay you in this wise.- Venic
d SAWS, that if an individual citizen Q
IS Venice turns out what the governmer
,e of Venice owes him. it shall be q goo
IS settlement Of private Indebtedness. and
% propose 10 turn you out a thousan
IS marks by transferring it from my cred
ae to yours That was legal teade
IT. This is legal tenderto-day This Tex
to hibiting greenback) represents or
ey share Of the two thousand million shar,
ID. OF debt incurred by the United Stat,
IL government. an artificial man created b
ut the men that were made IN God mag
the people. and SO far IS it exists to-da
. Il ne, Sc
re- creator. the people. They said. as
IN the case oil Venice, 10 transfer covers
ment Indebtedness was a good settl
meut of debt, that the transfer won
mr. be . good payment. and would be . lie