The anti-monopolist. [volume] (Saint Paul, Minn.) 1874-1878, 1876-02-24
WHOLE NO. 85.

from an unnatural demand for gold. y
caused BY a mistaken policy, which 70,
quires US to pay the interest on our ma
ional debt in gold, If we had agreed
to pay that interest on diamonds. dis.
monds would have been forced m t0
twice their natural value.
We have repudiated our own paper.
Our greenbacks are good between citi-e
zen and citizen. because the govern
ment has made them . legal tender; but
the government itself refuses to receive
them In payment of duty on imports.
suppose great merchant, the only
merchant, we will suppose in a town.
issued his due bills, receivable in paw
ment of all debts due him and for al
goods which he had for sale. The due
bills. his credit being good, would be ak
par with the value OF the goods he had g
sell; But suppose he made an exception
IN the case Of flour and decreed that for
Hour, his due bills would not be accent
ed. Would he not thereby depreciats
the value Of those due billsP Now sun \
pose he went still farther, and declared
that he would only trade -four for black
cats. The people must have -four or
perish. What would be the resula
Black cats would at once rise from BE-
ing worth nothing to the value of -four.
and command premium over the dua
bills.
Now suppose the merchant changed
his mind and decreed that after such .
date he would accept the due bills in
payment for -four. What would become
OF the black cats? They would b IS
once relegated from the domain Of fin.
ance into the realms ofcellar- doors and
shed-roofs, there to propagate their
kind in mel0dious obscurity.
1.-THE government did rot itself create
= demand for gold it would be needsd
only to balance our accounts with Eu.
rope: That is to say, If our imports ex-
ceeded our exports we would have to
ship gold to square the account; but a.
our exports arc now greater than our
imports itwould not be needed at this
time any more than the black cats were
needed IN our parable.
The Republican party abolished the
7.3o bonds. payable principal and inter-
est in currency, although they were at
par; and they supplied their places with
gold bonds. Why could not u green
back party, if it was in power, abolish
the gold bonds and supply their places
with currency bondsp And where
would the premium on gold be thenp
As to the third question asked BY our
correspondent, we would say -
When Salmon r. Chase, Secetarv or
the Treasurarv, invented our present
currency, the United States were in ths
agDnies Of apparent dissolution. The
enemy were beseiging our capital, one
half our territory was IN state offn-
surrection, and Duke Gwvnn was trying
to seperate the Pacific states from Tie
rest Of the Union. Chase said, in effect. :.
the credit Of the United States is sum-
cient to float a given amount OF green.
backs. but II we 60 beyond that amount,
we must call in the capitalists of the
north to issue their own bank paper for
which they will oo responsible; and they
will thus endorse the nation.s This q
how the national banks came into exist
ence. Now thanks to the brave hearts
and willing sacrifices OF million men.
who were not capitalists, the nation has
become 50 great, 80 powerful
that all the bankers in the world ars, "a
comparison. but as dust ia the balance.
But they have got a "soft thing" and we
cannot blame them for wanting to hold
on to it. We might paraphase the post
and say.
"To hold o n is human,
To let 10 divine"
If they can get the people to permit
them to turn their own promises % pay.
(-their own debts. Unto money, and then
have the nation pay them interest on ti,io
money, which they again lend ont for -
other interest to individuals. il IL all right.
And il tho people are fools enough 70
stand It we hope they will fleece them -
the end Of the chapter.
The great curse Of the whole systsm Of
thought which dominates and a61icto our
country Is, that man n nothing and no
perty Is everything. In the eYo AZ -.
islatiOn single bank outwei9hs coo6p
". Nobody thinks Il q the sfighfsst -
ment that millions suffer tor want q ~
hcient food that hundreds Of thouGan1G
Of energetic aud worthy merchaaas -
baskrupeed; that hundreds Of thousands
Of workmes and mechanics 40 tuEnol
Quito tramp country roads like sxiles ~
Wild bsssts. starving and dangeEons;
Dus tne cFy goes on, ''hArd-mOnoy, o.
traction. sPscis-paymeuts,~ and olhsE
catch words to tickle the ears Of fools.
| The patience with which the people u
the United States have submitted % -
financial nis-government d ths -
publican party exceeds eysry tAisg 4
the historyof The world; bus \ = syid.
ent that at last they a1s beeinnisg q
open their eyes.
/ Let he good work On. We - -
q see tSs lsayen wo1king amen9 r.
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