The anti-monopolist. [volume] (Saint Paul, Minn.) 1874-1878, 1877-12-13

whether their occupations are OF skilled or !
common labor to them. 1t seems to me 1t Is
OF prime importance that their labor snouiu
be compensated in money which is in itself
fixed in exchangeable value being irrevocably
measured by the labor necessary to It's pro-
duction. This permanent quality o the
money of the people is sought Tor ana can
only be gained by the resumption OF specie
payment The rich, the speculative, the
operating, the money dealing classes, may
casual profits in a variable currency, but the
misfortunes of such currency to those VINO
aye paid salaries or wages are inevitable ana
remediless
Wall street never made demagoglc
appeal more cunningly than that:
Resumption, which has already turned
between two and three million people
out of employment, is to be enforced
for the sake of the workingmen !!
When has the workingman ever asked
for resumption When has .he ever
demanded gold for his wages When
has he ever refused greenbacks The
workingmen of America know full
we'll, by this time, that resumption
mean bankrupt employers, silent
mills, idle furnaces and starving work
men. Their outbreak last summer
| was not for gold, but for work, payable
| in any kind Of currency. 1t IS Villain
Gus for president to tell them that
the burdens of hard times falls upon
them because money is too abundant.
And then president Hayes goes on to
argue the silver question. AS might
be expected he is opposed to the re-
monetization of silver. He wants
hard money, but silver is not hard
enough. He is in favor of specie
payments provided that the specie
shall be gold alone.
Cali the bonds that have been lissned since
February 18th, l873 when gold became the
only unlimited legal tender metallic currency
If the country, are justly payable IN gold coin
or in coin OF equal value
This would sound very plausible II
we could forget that it was the CAPT
talists of the old world who sent their
agents, notably Ernest Lloyd, to Wash
ington to secure the demonstration
of silver by corrupt means. They
are in the condition of the French
man who murdered his father anc
mother and then appealed to the court
to have mercy on poor orphan
Nor can we see any great injustice II
compelling our creditors to take theil
pay in metal which is recognized az
money in France, Holland, Spain
Italy, Russia, Austria, etc., and i
the exclusive currency Of India
China and Jadan.
Then Hayes continues:
"The bonds issued prior to 1873 were issue
At time " hen the gold dollar was the onl
coin in circulation or contemplated by elthe
9 the government or the holders OF the bond
c as the coin in which they were to be paid.
, | is far better ITO pay these bonds in that col
I than to seem to take advantage of the untor
! seen fall of silver bullion to pay III ne'
0 issue of silver coin, thus made SO much les
: valuable"
e This reminds us of the article w
! published the other day, from the n
Y. Graphic, upon the ''Rebushellzs
e ton of Corn" where the contract wa
= to pay Uncle Samuel's notes in ''cor
G or oats One of the burlesque LEI
:. ters, quoted therein, was from Dana
$ of the n. Y. Sun:-''any attempt,
n said Dana. "to refer to the origin;
q contract is blasphemOus;-the origin;
u contract has nothing to do with It,.
u So HAYES seems to ignore the contrat
l which was that these bonds were
y be paid in gold or silrer, and he thlnl
T. it were .sfar better" to pay in TT
It dearer metal s'rather than to seem
% take advantage of the contract
IS THE unforeseen fall of silver bu
&c lion" was caused by the knavlsh al
corrupt arts of the very men who's
cause Hayes is now pleading.