The anti-monopolist. [volume] (Saint Paul, Minn.) 1874-1878, 1876-10-26

The redemption Of any considerable
Of legal tenders, cannot be OBJ
tanned, the only way to get rid Of them
is to fund them into interest bearing
gold bonds. When this proposed plan
is carried out, and all the greenbacks
are retired, there is no legal-tender left
but gold, and of this there is not suf.
fcient in the United States to nav
ninety days Federal taxes
Another of the kindred outrages per-
petrated upon the American people by
the money-power, through their agents
IL Congress, was the surreptitious de-
monetization Of the silver dollar, which
had been the unit and measure of
value and legal-tender for the pay
ment Of all debts, from the foundation
of the Government down to 1873.
Then, without discussion, without no.
tice, and consequently, surreptitiously,
the silver dollar legally ceased to per-
form its functions as money. Garfield,
in speech justifying the act, says Of
this: SWe foresaw that the immense
product of our silver mines, and the
demonstration of silver in Germany
would greatly reduce it's value relating
to gold"
Yes, it was foreseen by the ever
-vigilant money lords and bullionists
that possibly they might be required
to receive payment for their bonds in
silver coin, as the kind of coin redemp-
ton was not nominated in the bond.
Hence, to appreciate the purchasing
power Of their securities from fifteen
to twenty-five per. cent, to the dis
advantage Of tax payers in an equal
degree, the crime was perpetrated.
Both conventions of the great parties
could not promise redress Of this great
wrong. The Independent Greenback
Party demands the restoration Of the
legal-tender function to the silver dol
lar.
With silver no longer legal-tender,
and gold coin beyond their reach, what
have the people left with which to pay
taxes and debts, transact their business,
and make exchanges? Only National
Bank notes, which are sham money.
Mr.. Hlden says the National Banks
must take care of themselves, and be
prepared to redeem their notes on pre-
sentation.
1t needs no facts or arguments to
demonstrate that the National Banks
have no gold and cannot procure it.
The Government is the indorser of
these notes, and holds its own bonds
to indemnify it in case of failure on
the part Of the banks to redeem.
The Government can put these bonds
upon the market, but as we have al
ready shown in our quotations from
Secretary Boutwell,, the gold cannot
be procured.
In this dilemma, for the protection
of the public credit, Congress would
instantly provide for the indefinite
suspension of specie payments by the
Banks. These results are, doubtless,
''foreseen" by the statesmen of both
parties who advocate the destruction
of the peoples money, which is legal
tender, and the substitution of bank
paper which is not legal tender.
Then the country will realize the
glories Of "gold basis," and learn
what is meant by ''irredeemable trash.'
The fallacy and cheat Of a sgold basis''
will have been demonstrated for the
thousandth time. Paper money on
such basis, answers good purpose
until the gold is demanded. The basis
Of such issue is not gold, but con-
fidence. "Wild cat" or even counter
felt money answers the same purpose
until it's real character is ascertaiped.
We appeal to the honest voters of
all parties to sustain our cause, and for
the integrity Of our purpose and the
dwisom of our policy we await the
capitalization of history.
If you are in favor of circulating
medium issued exclusively BY the
Federal Government, full legal-ten
der for all purposes, and by judicious
legislation kept equal to coin in it's
purchasing power, under all circum-
stances; if you are in favor Of the
total suppression Of all bank issues de-
signed to circulate as money; if you
are in favor of the restoration Of the
silver dollar as . legal-tender for the
payment Of all debts; the Platform
and Candidates of the independent
Greenback Party alone give You an
opportunity to express your sentiments
at the ballot-box.
If You are ready and willing to con-
tinue the sway of the moDeyed olicsr-
chy, composed of the capitalists Of
Europe and Of this country, yen can
vote for your old parties respectively.
for ever. Their platforms are lust
as the money lords would have them.
The Independent GreeDback Party
has 10 consolidated organization. No
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