The anti-monopolist. [volume] (Saint Paul, Minn.) 1874-1878, 1876-11-02

y
the redemption of any considerahlA
amount Of legal tenders, cazrnot be 81
tained, the only way to getrid Of them
Is to fund them into interest bearino
gold. bonds. When this proposed Dian
is carried out, and all the ereenbacks
are retired, there is no legalssender left
but.gold, and of this there i not aft.
ffcient in the United States to. nav
ninstY days Federal taxesl
Another of the kindred nukraoas ,,e,
petnated 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 legaltender. for the nav
ment Of all debts, from the foundatisn
of the Government down to 1879
Then, without discussion, without no.
tiee, and consequently, surreptitiousTy,
the silver dollar legally ceased to per.
form its functions as money. Garfield.
In speech justifying the act, says Of
this: eve foresaw that the immense
product Of our silver mines, and the
decentralization of silver in Germany
would greatly reduce its value relating
to gold" =
Yes, it was foreseen by the ever
-xgilant money lords and bullionists
that possibly they might be required,
to receive payment for their bonds in
silver coin. as the kind Of coin redemb-
ton was not nominated in the bond.
Hence, to appreciate the purchasing
power OF their securities from fitch
to twenty-five psr- cent, to the dis
advantage Of tax payers in an equal
degree, the crime. was perpetrated.
Both conventions Of the great nar,t;es
could not promise redress Of this great
wrong. The Independent Greenback
Party demands the restoration ef the
legal-tender function to the silver dol.
lar.
With silver no longer legal-tender.
and gold coin bevond their reach, what
have the people left with which to nav
taxes and debts, transact their business
and make exchanges? Only National
Bank notes, which are sham money.
Mr.. Tilden says the National Banks
must take care of themselves. and b.
prepared to redeem their notes on pre
sentation.
1t needs no facts or arguments &c
demonstrate that the National Banks
have no gold and cannot procure it.
The Government is the indorser a
these notes, and holds it's own bond-
to indemnify it in case Of failure or
the part of the banks to redeem.
The Government can put these bond.
upon the market, but as we have al
ready shown in our quotations from
Secretary Boutwell,, the gold caano
be procured.
In this dilemma, for the protection
Of the public credit, Congress woult
instantly provide for the inde6nit.
suspension of specie payments by thu
Banks. These results are, doubtless
''foreseen' by the statesmen of bot
parties who advocate the destructio,
of the peoples money, which is q lego-
tender, and the substitution of banl
paper which is not legal tender.
Then the country will realize tn.
glories of ''gold basis" and lear,
what is meant by 'sirredeemable trash.
The fallacy and cheat Of ssgold basis;
will have been demonstrated for til.
thousandth time. Paper money OF,
such basis, answers good purpos
until the gold Is demanded. The basi
of such issue is not gold, but cor
fidence. "Wild cat" or even counter
felt money answers the same purpos.
until its real character is ascertaiped
:
We appeal to the honest voters o
all parties to sustain our cause, and 70
the integrity Of our purpose and tn
dwisom Of our policy we await tn
capitalization Of history.
If you are in favor Of circulatin
medium issued exclusively by thu
Federal Government, full leeal-te,
ucI ioI Aii purposes, ana by Ju0lcl0u
legislation kept equal to coin in il
purchasing power, under all circun
stances if you are in favor of tn
total suppression Of all bank issues d.
signed to circulate as money; If 70
are in favor of the restoration of Ii
silver dollar ~ legal-tender for tn
payment of all debts; the Platform
and Candidates Of the Independer
Greenback Party alone give you q
opportunity to express your sentiment
1t the ballot-box.
II you are ready and willing to COR
tinue the sway Of The mooeyed oliea,
chy, composed Of the capitalists
Europe and Of this country, you ca
vote for your old parties respectively
for ever. Their platforms are jus
- The money lords would have their
The Independent Greenback Part
has no consolidated ofganization, n
once holdess or odice-seekers. NO