The anti-monopolist. [volume] (Saint Paul, Minn.) 1874-1878, 1877-08-16
The Anti-AIonop01lst.
with the increase of the inhabitants
g h ,%v.vy

OuCu u CUIIC1ICv SIOU1O have UOOAA |
made receivable for all forms OF tax
es, duties, and debts. That would
have made our national paper money |
us much more valuable than gold IN |
as it would be more easily |
and cheaply handled in large sums.
Our national currency must be made |
receivable for all purposes throughout
the country, and intercOnvertlble
with three per cent government bonds:
it would then, like the consuls Of Eng
land, soon become an ever-strengthen-
ing bond of national union. Such a
currency would have been worth more
to the American people than all the
gold mines that have ever been discOy-
I hold our government bound to
give back to the people their small
currency that was costing them moth
ing, and then call in the silver curren-
cy that has been put in its place at a
cost $31. 738, 400 paid for silver UP to
April %, 1877. This silver should be
Immediately withdrawn, and used IN
the purchase of foreign bonds, thus
saving for the American people an
amount of interest if compounded,
that would pay the n stional debt sew
eral times in one hun lred years, and
at the same time give the country
more convenient currency, which
would be paid for by the amount that
would be worn out and lost by its use.
If silver change is ever needed, it can
be had with only the cost Of coming it
by the government, as nearly all the
silver produced in the country will go
into coins whenever the government
will coin it without cost to its owners.
find myself compelled to agree with
Senator Jones where he says that.
1.-The present is the acceptable time to
undo the unwilling and laundering
work of 1878. "We
cannot, we dare not, avoid speedy &C.
ton on the subject. Not only does
reason. Justice, and authority unite IN
urging us to retrace our steps, but the
organic law commands us to do so, and
the presence of peril enioins what the
| law commands.
have ventured this long letter IN
the firm belief that the adoption OF
permanent, unfutuating national cur
rency, as before stated, equal to the
amount actually found III circulation
at the close of the war, and that
amount should never be increased or
diminished only us a per capita with
the increase of the inhabitants OF our
cOuntry-such measure OF all inter
nal values. with a revenue tariff OF
specific duties to be obtained from the
smallest number of articles that will
give the amount needed for an eco.
.nomical government-sucha national
policy would introduce prosperity
once more into the trade, commerce
and finance of this country.
Our government has, from it's orr
gin, neglected to perform one of the
most important duties enjoined on II
by the constitution where it says thai
congress shall have power not only te
coin money but to regulate the value
thereof. This can be and ShOulC
have been done by an act Of congress:
to regulate the value of money by fix
ing the amount that can be legal,
collected as interest for the use O.
money.
When such an act has been provided
|
the use or interest on money. ant
when the law has been repealed tina
| is now paralyzing the country wit
the terrible fact that some fifteel
hundred millions Of dollars now du
/ from the people to the banks. with al
the other debts that are to becom
due in 1879, are by law made payabl
in gold, then the way will be opene'
/ for restoration of confidence and
permanent financial relief. The la>
contracting the currency is now tai
/ ing from the people their legal money
costing the governments and the peopl
!. nothing, and then converting thi
f same currency into a national debt
/ for which the people are to he take
f for the next thirty years. 1t Shout
r never be forgotten that the first sixt
/ millions of treasury notes were issue
0 and made receivable in payments {
/ duties on imports. lawful none
e and legal tender.
y The fact that the sixty millions the
e issued did continue receivable at tn
e treasury on par with gold, Whe
a gold was selling ut 1886 in currenc,
l. the fact is proof positive that, had tn
e government made all the greenbacf
o full legal-tender. instead of sendin
+ them out partially demonetized an
Y repudiated. they would never hay
It fallen below par. 1t was the parti;
t decentralization and the contractio
J. of the currency that has so effectuall
o destroyed confidence and dried up til
IS sources of both production and col
l. sumption. The people are deprive
of their currency which had for veal
formed the life blood of the trade al
Il commerce of our country.
# Ny efforts in all that have write
= have been to call and fix the attentiC
a of the American people on those truth
II and principles so grandly set forth ar
10 declared in the preamble to the co
N stitution. formed for by the fathe1
a and founders of a government inten
,r ed to establish justice as the true az
only sure means Ivy which the gener
le welfare of the American people can
n substantially promoted.
AZ HOpinp and believing that your be