The anti-monopolist. [volume] (Saint Paul, Minn.) 1874-1878, 1877-12-06

thirteen months Of resumption with a
s723 zoo. 900 of paper money to be p
floated. and with less than $40, OO0,. $
300 accumulated gold in treasury ana S
banks. He declared that ii TINS v
country were entirely free from dept
specie payment could not be resumed I
without contraction Of the currency I
by at least one-half. Where he asked; l
were gold andl silver to be got
Could it be got in foreign markets
That had never been done ana never :
could be done. The silver ana goio
mines Of the country could not III
TWENTY-FIVE years furnish all THAI "a9
needed, even if gold and silver coulu
be kept here. Whether this nlau
scheme Of resumption were repealeo
now or were forced on until populai
INDIGNATION tore it to pieces, resuihp-
tion had to be waited for until II
became possible, and until the volume
If coin had been accumulated in the
country larger than the volume OF
paper money, Equalization woulu
not be resumption. fapei Alolcy
might be brought to par Win goiu'
and still there would not pc resun,p'
ton. Replying to MI. Garnel o.t
argument that no one woulu VAN
coin on resumption day, and taxing up
Mr.. Garfield's illustration OF FARMER
who sold his farm for $lO,0OO anu
would not take his pay IN gold' puc III
bills. he said it is not question
whether the people want gold or hoI'
it is q question whether
THE JIM FIsKs, THE JAY GotLDs'
the bankers. the brokers, the import
ers. the savings bank want 1t and they
certainly will want it faster than the
secretary of the treasury will be aDle
To olive cold to them. At this point OF
his sneech Mr.. Ewing's hour expired,
and Mr.. Garfield moved that his tlme
be extended. Objection was mace
| by Mr.. Crittenden, unless pro
portionate time should be allowed 10
the other side, but the speaker declu,
, ed the objection came too late, anu
Ewing. therefore, proceeded with MS
, sneech. and spoke Of the enormous de-
f nreciation Of values which he attrlDu-
, ted to the resumption act ana when
t he estimated at one-third OF the
5 whole. He characterized the rusump-
G tion law as a practical confiscatlon by
f law of thirty-five hundred million dol
n lars worth of property. Ihree.
n fourths of all the classes of people OF
This country were debtors, and 1t was
, their hard-earned Accommodations tnat
were being wrested from them by TINS
t. rohher law. He spoke of the loss OF
20 the laboring class as amounting &c
- three millions day or nine hundred
~ millions a year, and mentioned th'
- statement made to him recently DS
=, the president Of the Dayton Il South
u, eastern railway company IN ONO, Z
IN the effect that hundreds OF men MAJ
~ ~ heen offering to work on the ROAD 10
he bread and meat; nothing, said he, 10
bo clothing. nothing for the wives an
~ I ch;ldern. nothing to lay upin store TO
to winter, merely to keep the hulla
no body that was doing the LABOR aDle
10 exercise the necessary force. VI
nf God. that bread should be SO dear an
,os flesh and blood so cheap. (Sensatlo
,ot and applause.) The law, he contln.
mt ed. was not going to stop with I'M
NV, NV, fall of values. Whoever Rugged IN
ii, hone that the bottom had been toucht
M had only to look at the facts kno"
ras that lower and lower GROUNDS hau
hot he reached, a further fall or Vaiu
a had To be witnessed. There had al
tr, to he witnessed an increase of power
W. and suffering, the practical confist
ipn od ton of property, and the repudlatl
',,' of a large part of the public debts
~, the country. He appealed to the me
~ eyed men whether they would pers
o oa in their scheme Of infatuatlon. II
o.d thew not heard enough to warn tn
'tru that they had better stop! WI
meaning had the labor riots,
,ere THAT ALMOST CIVIL WAR,
has six months ago! The meaning OF tn
TRY was that labor had been trampled W
the as much as it would stand. TO, said
+ in to any of our cities and see hdndr
the and thousands and tens of thoVsal
rid. of pale, wan, ragged, hungry peol
own T have seen them dubbed out OF
hich marks at might, men who went Tn
the hoping to lie down on the grass
been get a little fresh air and cool rest
than place, The thing has been pus
with inst as far as it will bear. what
49, we to gain by inficting such losses
not our industry and labor! What is
lited great advantage to be accomplish
the 1t costs this country in loss OF
90 of ductive industries, in unjust tran:
S not of wealth from the debtor to
little creditor, in unjust increase OF {;
1860. ton, in the loss of labor to wage
liver pie more than all the wastes OF
IT'S of rebellion combined, and what are
here to gain by adding to the enormous
d be rifices of the rebellion self lnfil'
Nv or sacrifice even more Stupend'
ebtor Why. we are to get back the banl
owed system which existed before the
If the modified little. little better in
NJ ore respect than the old State bank SYST
the but system the genius of which
there be panic, system which in the
other nature of things cannot be sta
coin He spoke of the law for the payr
900 of bonds lin gold as an act of rep,
NJ 200 ton of 500, 600. 900 of contracts W
4 for values rested on it and declared
" tho the repeal of the law and putting
! of those contracts to what was
L. 30