The anti-monopolist. [volume] (Saint Paul, Minn.) 1874-1878, 1876-08-17
welfare of its "own household" rather
than neglect its children to grasp at the
stranger.
OUR CAPITALIZED SENATE.

1t seems to be foredoomed that Billy
Window, handsome, odorons, slevk.
non>committal, anti friction Billy, will
60 back to the United States Senate
there to cast his vote for six years, in the
name of the people Of Minnesota, but in
the interest of the capitalists Of Wall
street and Threadneedle Street.
Read the following, from that staunch
Republican paper, the Chicago Iuter
Ocean, and note especially what is said
about the Senate being largely under
the control OF bankers, capitalists and
bondholders, both here and in Europe" "
Several of the Kew York papers appear to
gloat over the announcement that the price of
silver IN London has fallen to 534 pence per
ounce, and that, according to this valuation,
the subsidiary silver coli. Of the United States
is worth only 70 10 cents on the dollar in gold
and the Federal silver dollar (for which Con-
gress is now considering bill to restore it to
its functions of unit OF values and legal ten :.
der for all debts, public and privase) is, there.
fore, worth only 77.4 cents in gold for export
as bullion,
We begin to suspect that this rapid "decline
of silver" in London is the result of a bear
movement organized IN behalf of European
holders OF American bonds. The reason for
this suspicion is lat it comes SO opportunely,
just at the nick OF time, to be- used as an argu-
ment against the passage OF a law by the
American Congress to make the Federal silver
dollar legal tender for all debts, public and
private. It is well known in Europe that the
House OF Representatives did, few weeks ago.
pass such bill, and that there is now con-
ference between committee of the House and
another OF the Senate in regard to this very
measure. AS remarked yesterday, it is to be
feared that the Senate is 50 largely under the
control Of bankers, capitalists, and bondholders
both here and i'll Europe. that It will fail to do
Its duty to the people, and that it will fail to
make the silver dollar legal tender for all
debts, public and private, as it was prior to
that infamous fraud in the coinage law Of Feb
ruary, 1873 which substituted a gold dollar as
the unit Of values instead Of the silver dollar,
which was all that was promised in the bonds
and the gresnbacks when they were issued.
If any body is incredulous about the combin-
alton OF capitalists and bondholders to depress
the price Of silver in London, and use this as a
means Of preventing the restoration OF the silver
dollar in those last few days Of the Forty fourth
Congress, let him explain how the law was
passed, without the knowledge of the people,
IN February, 1878, to substitute gold dollar
for silver dollar in the promise Of every bond
and greenback and every mortgage in the
United States. This whole proceeding, ac-
complished mainly through the agency Of Mr..
Boutwell,, Dr. Linderman, and a few other
"experts," was an enormous fraud upon the
people of the United States, which has added
Is to % per cent to every debt, public and
private, done solely in the interest Of capitalists
And now that the people begin to discover the
manner in rhich they have been victimized,
the price of silver is made TO decline enor-
mously in London, to prevent Congress from
undoing the wrong to which it was unwittingy
party.
The marvel is that the paper that
makes these admissions will still contin-
ue to support the party whica commits
these frauds upon the people.
Alas. for the dreadful necessity for
daily bread.