The anti-monopolist. [volume] (Saint Paul, Minn.) 1874-1878, 1876-10-12

and OF bread !! Ems seems TO me the first duty
Of Government. PETER COOPER.
THE TRUE FUNCTIONS OF MONEY.
Money, instead Of being the medium Of hal
ance between production and consumption.
production from non-productive
which is its proper function,
serves under our present system en- to protect
or control Of nearly the whole wealth Of So
ciety, thus defeating its true purpose and OBJ
ject. JOEL DENssfoRE.
THE TRUE FUNCTION OF MONEY.
Money should be the servant, not the master,
of commerce. HRSRY CAREY BAIRD.
WHAT HIGH INTEREST is DOING
Exorbitant rent Commonly called interest)
is silently but surely devouring the substance
Of the people. PETER COOPER.
HOW TO CREATE PRODUCTION AND CONSUMPTION.
By simply allowing labor the unrestricted
use of money to accomplish its exchanges.
universal stimulus will be given to production
and consumption. The free supply will cheap
en- interest, and low interest by adding to the
profits of producers will lessen that Of capital,
thereby encouraging the activity Of produc-
ton; CHA1I8s N. DUPUY.
JEFFERsON's OPPOSITION TO BANK PAPER.
Bank paper must be suppressed and the cir
culation restored to the nation, to whom it
properly belongs. THOMAS JEHTE1sou.
THE ALL IMPORTANT 1ssuEs
No single interest touches the domestic COM
fort and prosperity Of the people as this one or
the currency, and in the present condition of
the country none is Of SO much immediate inn
poitanee, or calls for more immediate solution
To put of this queati0n, therefore, with vague
expressions Of reform, and the desirablenees
of ''specie payments" is to ignore tho ruling
interest Of the hour. It is to surrender the
people to their sufferings without any promise
Of remedy. PETER COOPER.
THE GOLD swlNDLERs REBUKED.
s'lf the bondholder refuses to take the same
kind Of money with which he bought the
bonds, he is an extortioner and 4 repudia-
tor" SENATOR SHERMAN.
THE BEST KIND OF MONEY.
! The people are the sovereign power, and no
man can question their right Through Con-
grees) to make as much Of the medium Of ex-
change (money) as will be necessary for the
wants of trade. Paper money is better than
either gold or silver, as its volume cannot he
contracted by using it as merchandise. JOHN
MAGuIRE Of st. L0nis.
FINANCIAL IGNORANCE TAUGHT IN COLLEGES
The blindest ignorance regarding the finan.
l
amongst almost all classes, and is taught in our
colleges, and is most conspicuously manifested
in the law-making and executive departments
OF our Government. We propose national
currency to consist wholly Of grcenlacks to be
| entirely controlled by the peoples representa-
!. tives and thus to be absolutely beyond the con-
\ troll or influence of spectators in gold. SYD-
NEY MYERS Of Chicago.
1 THE REAL ISSUE.
Il -
paper dollars, as the bulIionist newspapers
leave the readers who know no better to infer.
The issue Is whether our currency shall con-
sist Of all bank circulation, doled out to the
people by combination Of corporations at
exorbtant rates of interest or of full legal
tenders issued directly to the people in pay.
ment Of the debts and current expenditures of
the Government. The issue admits of no COM
promise: for upon the result depends the
question whether we are to have q Govern
lnent Of the people or q money oligarchy. It
is one OF the strongest convictions Of my life
Of our civilization and the destiny Of the coun-
try Congressman CAMPBELL, u Illinois.
sTEALrHY AND MOST TxsIDIoUs POWER
i High interest is the most dangerous, be-
cause the most insidious, OF all the powers
menacing the rights and prosperity Of the peo-
pie Operating silently and unseen. It stealth
4
portion Of their earnings, while It keeps them
in ignorance Of tn. cause Of their WRONGS
Congressman CAMPBELL, Of Illinois.
WENDELL PHILLIPS.
4 The greed Of capital forces the Government
into one pathway; starving labor clamors TO
have it move otherwise. WENDELL PnILIlPs.
i WHAT rs MONEY?
Money is token Of sovereign power. That
power is not a commodity. The material OF
|. which money is made may or may not have
not commodity. TO make money merchan-
! disc is to give . power which does not belong
to il; and gold being merchandise It Is Of the
wealth of the country, and not being money
! until the token Of sovereign power Is put upon
it, the sovereign should look only to adjusting
brand from being put upon articles Of mer-
chandise. JcU MAGCIRE, Of st. Louis.
PRESIDENT GRANT.
I The experience Of the panic has proven thai
/ the currency based on the credit Of tho country
il the best that has been devised.-Prmidsnt
| GRAsr's Message to Congress Dec. l. 1874.
n The above was Grants opinion Of ! sound
: currency when he was In 4 position 70 speal
] without prejudice on the subject. But ~
money power quickly made him ct his own
words, for in subsequent menage b nys
REPEAL Of 70 much Of the legal-tsnder acts Z
makes these notes ls'ths besf that hsvs bssn
! devised''1 receivable for debt coulnactsd alte.
. dats 70 Be hxed 10 the 1T ftssll, ny not late
! than the Finr Of January, 1871" ne YER
: money which be chazactsfi1ed IN l075 = fh,
! a. -''''"-''' : 's'ns onn' 2 hqa'0'''
WHAT TIE covsKxHzx7 sHoULD DO.