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

)urCnaS0, WOulu pay III AAOAo - W.
lebts than before the characterization
# silver, the situation would become
to us and profitable to them.
)ur silver bullion, our grain, our cot
ZEN. our wool, our wine, and all other
;hings necessary to English life, pro-
luction, and trade, must naturally
ind market and price such as our
,rippled condition would enforce and
rapacity reluctantly see tit to
give.
This much as financial achieve.
ment. but not all of the programme.
This nation shorn of one-half OF its
monetary supply, it's credit impaired,
and it's natural life activities paraly-
zed. would leave England master OF
the situation, and make English supre-
macy secure for another century.
If it were possible for this nation to
ixist after drawn into the continuance
of a scheme so calamitous to our peace
and prosperity, the maintenance OF II
would scarcely repay the effort,
Certainly, other debtor nations,
whose resurces and productions are
less than ours, have great need to look
about them, lest they find existence
difficult thing to maintain.
CONGRESSIONAL REGARD FOR ENG
LIsh INTERESTS.
We would like the good opinion OF
the world, if it be too expensive.
We do not believe that a good opln-
ion of us, purchased at a cost OF $3oo
900. 900, is available to us for anyisum
whatever. It is generally understood
that nation employing policy which
serves it's own with the highest benefit
is enabled to command the respectful
of other nations, and
that a nation that truckles to any 9th
er loses caste abroad and fOrteltS the
confidence of it's subjects at home.
The government of England orlgl-
mates and adopts such policy internally
and externally as serves with BEST Ell
feet to advance the interests OF It's own,
and this without consulting the Wlshes
or pecuniary interests OF any other
nation. The same be said OF France
and other continental nations. Bnt,
the United States, ever without true
national policy, defers to other powers
when policy is proposed Tor IL, ana
her statesman ask: s'What effect will
it have upon England, etc. as though
we were still subject to her imperious
guidance, and as though they were
lost in the troublesome mazes OF DOUBT
as to whether we were nation strlv-
ing for national life and existence, or
a simple dependency OF that voraclous
and far-reaching power.
Legislation on our part which con.
templates the least surrender OF what
rightfully belongs to us. is unworthy
of us as a nation.
Instance the discussion in Congress
upon the dual standard at it's last ses'
sion. When there arose men OF ac'
knowledged ability who opposed the
measure simply because Eng land held
a large part of our bonded indebted
ness, upon which it was expressly
stimulated that the interest should DC
paid in coin-not gold coin alone, but
coin of the United States, and therea1
urged that silver coin, which was
part Of our money at the time OF issue
and contraction Of the debt of the debt
of the bond, and known to be SO by the
whole world, should be effectually de
monetized, and who carried their ar
gument so far from home, and soneal
to English interest as to declare tina
the whole bonded debt should be palt
| i'm "gold COIN and this too in the face
of the saddest condition in our none
tary affairs. The known fact that Q
gold and silver, combined, annual.
produced in the country there wOul'
not be found a sufflciency to pay tn
interest alone, and that ifItheir vii
were to become the law, our entlr
annual production of gold would onl
nav about one.fourth of the interes
annually falling due, and that the bul
den of our national indebtness alOn
would be more than the nation cOul
bear.
1t would appear that foreign bono
holders have most willing allies in tn
United States, far more ready to serv
a foreign interest than the interest
the nation and constituencythey wer
sent there to represent.
The honor of the nation will stan
unsullied if it pays in the money
promised, and this proposition, to pa
our notes in gold and silver col
whichever may be most convenien
NAV be maintained with much MOI
honor and dignity than to yield to tt
demand for gold, and thereby largel
J increase her bonded debt. by the sa
} of bonds for gold, to meet the annua
: ly accruing interest.
, 1t is significant Of the character
, our representatives when we obser'
r of some of them how strenuously the
contend for decrease of our non-i
terest paying debt. and advocate
J increase of our interest-paying del
: If our people are apprehensive TIL
r we wouldlhe flooded with silver fro
: England and Germany, in case we !
monetize silver. we may find son
L comfort in the purchase of what ,
s need beyond our production. at d
cout upon it's value, to coin into dolla
d and pay it back to them as coin of t
s s.United States," for any debts '
Y may be called upon to discharge to
J. people of those countries. With f,
/. ty million people, we can absorb 70
# hundred millions OF this silver none
II and not feel it a heavy burden; a
4 we can saw To other nations that