The anti-monopolist. [volume] (Saint Paul, Minn.) 1874-1878, 1876-03-02

MARCH z, Il
it's" has Appropriated to the truth.
The Democratic state convention resolv-
ed the other day:
stitution of the United States Is gold and sill
yer, and coin forms the only stable basis for
/ the comercial necessities Of the world. The
Democratic party Of the Union has never failed
| to recognize and support this essential prlnci-
pie, but following great and costly war we
| find an irredecmable currency at our doors. 1t
| Is the duty Of Congress to adopt such measures
as shall lead to an early resumption IT specie
| payments. while guarding its acts by that pru-
dence which the interests Of commercial, man .
ufacturing and industrial pursuits imperit;vly
demand
Seventh That the act of the last Congress.
passed by the Republican majority, declaring
| that there shall be specie payments on the
LIST OF January, 1879, was scheme OF mere
party expediency, supported by no measure
tending to secure resumption. It was decept
| ton and fraud. Its results have been iujuri-
Gus, as the business interests Of the country
could not BE- shaped and conducted to har
monte with an ineffective and deceptive act.
We respectfully ask Congress to substitute for
it well defined and practical legislation tending
to an accumulation of coin as the basis for re-
sumption, or the funding and cancellation Of a
portion of the greenback circulation into a
convertible bond bearing low rate OF inter
est.
Where now are the men who howled
US down in the Democratic Liberal con-
vention. last summer, and defeated our
resolutions which would have given vic
tory to the party in this state? Where
are the Minnesota Democrats who voted
against that able and excellent gentle
man, Hon. David L. Buell., because he
would not join in their inscnsate cry for
| immediate resumption?
Even the Republicans are beginning
to get their eyes open and the state con-
vcntion of that party held the other day
in indiana resolved, in the most empha
tic language, against the administration
scheme of resumption in 1879; whereup-
the N. Y. Evening Post says
]. The Indiana republicans, while demanding
this backward step to talk about steadily
locking to an ultimate resumption Of speci-
payment" is either nonsense or knavishness.
| They have put themselves by the side OF thu
imitation democrats in congress. Their courst
is the more suggestive because it is plain to
every intelligent person that the only hope fol
the republicans in the next election lies in ad-
hersnce to asound financial policy.
And so the the work OF disintegration
and dissolution goes on.
In our own state the revolution il
spreading rapidly. We have just receiv.
ed the following letter from the Hon. J
, wv. Fulkerson. Judge Of Probate OF q o
sted county, one Of the most reliable ant
intelligent gentleman in the state:
ROCHESTER,, MINI February y, 1875.
Editor Anti-Monopolist:
Excuse this liberty, but please take time t
! answer few iEt.rroxatorles. lst, Do you holt
to mutations without stintY or simply supply
OF gre-nbacks to meet ths demand OF trade
End, do you hold that definite time should
! be fixed upon to resume specie payment o
, would you leave that matter to be gainsaid b.
circumstances
Sd. Do you think that national banks SHOULD
be aboiishecl And if so. how should the cur
5 rency Of the country b. handl-di
e 4th, In organizing grernback clubs, shoul,
r We define their platform with regard to the de-
, nand and supply Of currency for the presen.
We are about to organize ia this county AM
would BE- glad if you would please give L
1 ysur notion on al matters app.rtaining to tn
. cause J. w. FRELKKRSON.
~ We would say briefly in reply:
gTi. Imitation without stint would b
fs'mply rninous. we would lose IN qua
o ky what We gained in quantity. w
4 need enough currency to supply the lie
II gis.ma-e WITS OF srade--no more an
IS no less. This would be approximate
= 49, ~ WIG ah'p w pr cap'sa
o'hSl 80 n1llons. ~ "ou'u Itiail
- soiisss 1'.1c 1h'sn snls because !"
u :. e'e' S'','
u ~ - 49, = ,.: -
III on : eakepd iooeme. So With nation.
,rI 2 I'D ~ Unite time Tor resump
offt J. - 80 - business u lhe couf
,fl try no fArOxy!neo OF terror. How Coz