The anti-monopolist. [volume] (Saint Paul, Minn.) 1874-1878, 1877-11-01
HE COMING STRUGGLE WITH THE
MONEY POWER

S (VIO. L ULTtOt.
e THE COMING STRUGGLE WITH tn
: MONEY POWER.
t The national bankers association
+. New Ork, at their late cOnyentio
2 passed the following resolution. While
3 points directly to the scheme adOpte
+ by that body to obtain control of a
: the circulating medium of the cour
/ try.
r Resolred-That a committee ar
Z pointed by this convention to memol
, lallze congress to pass an act author
: lZlng the general government to sci
: the new four per centum bonds at pa
, III currency and guaranteeing nationa
banks investing in these securitie.
that they should be allowed under the
law, to issue in circulating the pa]
value Of these securities.
Now it congress can be bribed into
passing such bill, the national banks
Will retain every greenback that
| comes over their counters and with
them buy the four per cent bonds.
and then issue their own notes. and in
very few months every dollar in
| > country
Will be thus sent to Washington, and
destroyed, and between three and four
hundred millions added to the nation
al debt, with gold interest for thirty
years, amounting to S432, 100000 and
then the original sum of $500, 900 900
will still be unpaid!
Men OF America, are you prepared
Tor such an intliction as this! If so.
vote for one of the old parties!
When the war closed in 1865. so
many persons had been at work for
the government. that the amount due
them and for which they held green
backs, and other certificates. aggreca-
ted two thousand million dollars. upon
TINS money the business of the country
was transacted, but the spirit of avar-
Ice and greed was abroad in the land.
ana the government began to fund
IheSe oOlgatlOnS, that is. to convert
the nOn-lntereSt bearing debt into one
bearing interest. taking the money
out OF business and paying a greater
of interest than capital could
legltlmately earn in trade and manu-
featuring. Those who had money. as
Il RUE. placed 1t III government securi-
thus leaving labor out of employ
lnent. without however diminishing
taxation which was greatly increased.
although the bOndholders themselves
were exempt. This was contraction
)t the currency. and it went on until
N 1913, twelve hundred millions of
5he peoples money had been DESTROY
ed, ana the financial crash Of that
year came. and S.the process has
oeen going on from that day to this.
'ur country with all its energy and
enterprise and elasticity has not re-
covered. and will not. and cannot I'M
IL congress brings relief in the form ;
# legislation in the interests of the
,eople.
The people of this country are fore {
warned that the banks are working to {
ecure the sole privilege of issuing ;
aper money, which no civilized |
ountry can do without. and of course 1
avlng the exclusive control OF the
they will conspire together |
charge their own price for its use. /
The whole subject involved is one I
t dollars and cents: II
1t is admitted that the people of t
lis country require hundreds Of mil |:
ons OF dollars in paper money to "
anSact their buSinSS. and the simple a
lestlOn is. whether the government v
virtue OF the power vested in it by
lie constitution shall coin and issue o
le money founded upon gold and sill 1t
n and everything else in the country Ii
value. or whether this privilege V
hich is worth at least seventy mil g
)ns year shall be delegated to set d.
soulless banking corporations and al
wing them premium in addition for di
e privilege of eNacting tribute IL
ON all kinds of business, while they &C
e exempt fro n taxation. The prop st
ltlOn is too monStrOuS ever to have If
en- the light in this last quarter of in
e nlnteenth century. but it is re- to
rued with little concern by the par it
zen press. and for ought either party ST
IL 40 TO prevent it. these contempti- OF
: All street vampires. will buy the tn
IL through congress. as they have tic
'eral others. Those who appreciate co
situation. and see the distress nj. tn
ady wrought. and hear the wall of tn
ons .hal goes up from our stricken Al
lu' snoulu sound the tocsin. and mi
nm those who have not vet awak. sill
ed to sense of the danger of the ha
al destruction of the capital of the ha
mtry itself. which must totter RI oh,
fall, when its foundation, labor. is tn,
'troyed. Those who have lived in ths
hope that their old party could tn,
e them, must now abandon that ne,
usion. of
SEYMOUR ON SILVER. ia
JTICA. Oct. S.-Gov. Seymour was ant
ed to express his views on the les
-pr QupSfion He invited vour IF.