The anti-monopolist. [volume] (Saint Paul, Minn.) 1874-1878, 1877-06-07
The Anti-AGonopo1ist

equivalent to bonus or subsidy TO
the holders of this class Of securities |
of over $500, 900, 900,
| SILVER DEMONETIZED.
Again, when these shrewd tinancl- |
ers saw that the product OF silver |
from our mines was likely to be largely
Increased. they waited upon the other |
lagent. the Comptroller of the Cur
rency. and directed him to recon-
lmend to Congress the demonstration
of silver. In obedience thereto, Con
gress, in 1873, enacted that 25.8 grams
of standard gold should be the unit OF
value, and prohibited the coinage OF
the silver dollar of AZ IL grains OF
standard silver, which had been the
unit of value and legal tender With
out limit from 1902 to the date OF the
passage of the act last named. Ihe
practical effect of this perfidious act
will be not only to impose hundreds OF
millions of dollars additional burden
on the taxpayers, but to render 1t
impossible to pay the public debt.
But it is claimed by these shreWd
fnanciers and their retainers In and
|out of official position, that all these
subsidies, and privileges are due to
the so called capitalists for their
patriotic devotion to the Government
during the late war; than which moth
ing can be further from truth, TOR
this impudent claim has no foundation
i in fact or equity. At the commence
ment of our late troubles, or just
before the credit Of the Government
was affected thereby, the national
securities bearing 6 per cent. were at
a premium of 20 per cent. Now it
will be admitted that if these self
STYLED patriotic capitalists had come
forward and take all the Government
bonds bearing per cent. at this rate,
thew would have suffered no loss by
the war. and would have only per-
formed their reasonable duty to the
Government. But they were innocent
of any such patriotic folly. They
, waited-indeed, the gold gamblers OF
Wall street
MADE WAR ON THE CREDIT OF THE
GOVERNMENT
until they were enable to purchase
= this class Of bondsIat an average OF
: sixty cents on the dollar in coin.
\ Now. a calculation on this basis will
= show that if these so-called capitalists
q had been content to have neither
y increased their gains nor suffered loss
i by the national calamity, the paymen
= = is made to them as interest, with that
portion of the principal that has beer
e naid. would have discharged every
= dollar of the national debt prior to
the 4th of July last. And had we but
. adopted a wise and just financial policy
= we should have entered upon tht
. second century of our national exist
= ence a united. free and prosperous
people. and not as we have-a divided
= discordant and debtburdened nation
\ To meet the last demand of the ban
y kers and usurers it is only neceSsar.
= to carry into effect that provision OF
law providing for resumption OF specie
payments on the LIST of January, 1917
j" which provides for the redemption
10 and cancellation of all legal tender
J, then in circulation. This done, tn
;. bankers and their allies will hav'
= absolute control of the finances ant
10 currency of the nation, which IS al
lo that is needed to make them master
~ of the situation, with power to reduc
- the industrial classes to state o
10 practical slavery. To establish tn
10 existing money oligarchy for at leas
y; four wears to come, it only remain
~ for the President elect to place at tn
p head of the Treasury Department
p man committed to the policy of tn
r bankers and usurers and to select &c
~ his Cabinet councillors. or at least
Wv ~. majority of them. men known to tavt
~ =. the policy of the money power
~ home and abroad.
gu THECHCRCH PROSTITUTED
~ This same power has grossly dece
a ~. we'd or corrupted our religious teac
ls ers. for not being able nationally
~ account for the great inequalities
20 wealth and condition existing in SOC
' l.o ETY.. and being expected to furnish
,.s. satisfactory explanation in some wa
70 they tell the people that these gre
10 wrongs are providential; that they a
the mysterious workings of the pro
a" idence of God; that all these evils a
~ t controlled by His power and goo
~ ness.
en- CIR A more false and impious char
s was never uttered: for uSury. tt
~, III principle upon which these unjust a
- oppressive monetary laws are found
is forbidden, censured, and condemn
equally with slavery and robbery. a
-, those who practice it anathematiz
vi by the word of inspired truth fro
Io" the beginning of Genesis to the end
. Revelations. 1t is the source of me
,m of the vices and animosities of sociel
a.. tbe "a standard that deprives produce
. .ho of what justly belongs to them a
.me bestowes on non producers what dc
en- 20; not belong to them cannot fail to C.
~, ~ rupt society in all its branches" Is
! .n Exodus xxi. 25: Leviticus XIV. 35,
i1n and 81: also 44.45. and 49,: Deuterol
~ uo my xiii, 10, and 20: Nehemiah
, , Psalms XIV, 5; Ezekiel xviii. a
asa xii.
'ee s The term usury as now understo
snu means illegal interest or greater r
,,ns than is authorized by statutory la
1a =, but in the Scriptures it signified a
IL rate. however small. The Jews WI
4n. prohibited from demanding or rec
'he wing any consideration from one
their own nation for the loan