The anti-monopolist., 1877-09-27
WHOLE NO. 1853.

TO form hardly appreciable fsctor in
the political arithmetic Of the state
It IS not likely to gain any additional
strength IN period of such general
prosperity as Minnesota has now
reached-thanks to her magnificent
harvest and the prospects of good
prices for her vast surplus.
Ihat is to say, as Col has blessed
Vic 1ertlle soil of Minneso., with
sood crops. and as foreign war has
gwen US fair prices; (for neither of
Whlch are we indebted to John Sher-
man;) we must shut our eyes to the
mlserleS Of the countless thonsands
OF our fellow citizens who have no
iano ana no crops nor anything to eat.
50 long as our stomachs are full M
one else has right to cry ont. And
the L. T. thinks this is philanthropic
craftsmanship.
It adds:
owing to the fact that it's chief sta.
pie is wheat, of which it has general
~ had good crops at tolerable prices
IL has not suffered from the general
prostratlon of business AM in lustrv
IN anytnlng like the sane degree AZ
| tnose states having much larger de-
velopment of manufacturing indus-
tries and larger civic and CONNER.
| clal population, and even the connar-
atlve failure of our wheat cron Iast
year only carried us a little farther
under the penumbra Of the huge
eclipse which darkened the land.
Precisely; as Minnesota raised crops
which were general human necessi-
ty, and the bulk Of which was sold
abroad; at the worlds price, she did
not suffer so much from the beauties
OF the American system of finance. ax
those regions which de pended almost
exclusively upon an American market.
What does that prove?
The p. p. continues:
Our farmers, therefore, do not rel.
lsh the lnterpOsition of an inflated.
ana therefore deprecated an | tluctu-
atlng paper medium of uncertain val
ne between them and their Euronean
customers who pay in gold. They
know that gold has a fixed and mi
form value, and when p,id in that or
IN paper redeemable in gold they
know just what they are getting. But
when paid in irredeemable paper they
don't know what they are getting.
or how much they are shaved in the
process OF converting it into gold. or
whether it will not be worth less to-
morrow than to-day, and they know
1t Will be less valuable i'm proportion
as It's volume is increased. They do
not care to be cheated in their nav
| by the substitution of a depreciated
paper currency for the gold paid at
the final destination of their wheat.
Now the fact is that the price Of
wheat is the gold price, simply be-
cause 1t is an article Of export, and ca
pable of being substituted for gold in
the payment Of foreign debts: hence
every appreciation in the price of gold
is followed by an increase in the yalue
OF wheat; hence when gold was dur
ing the war 280, wheat sold for 50. 80
per bushel. We do not mean to sav
that this constitutes a reason whv
gold should be at premium,-for the
greenback policy, by making green
backs receivable for duties or imports
would make gold and greenbacks Of
the same value;-but it shows that
the L. 2. is altogether wrong in as.
sertlng that the price of wheat is in
Jurlously affected by the premium on
gold.
And the p. p. concludes it's ssargu-
ment ~" thusly:
These are some Of the reasons why
the greenback delusiOn has never
made any perceptible progress in Min
nesota; and if we add to this that the
only propagandists of this new gosgel
OF getting something for nothing are
| the brilliant and cratic Donnelly.
and one or two other demagogues
whose lack Of common sense ia not
half-dIsgulsed, as in his case, by the
snowy talents of rhetorician, the ex-
| planation of it's failure will be com
plete.
Now we will make this proposition:
AS the P. Z. believes that both dem
ocrats and republicans in Minnesota
are opposed to the greenback heresy:
and as the advocates of that heresv
are simply pack of fools; let it se-
lect any man in the state, let it cram
him with it's facts and logic, and we
will meet him this fall on the stump
and discuss there issues all over the
state and abide the Judgment Of the
people. What say you1
Is not this grand opportunity to
convince the fools of their folly and
squelch them forever.
Come! Pick your men!
n