The anti-monopolist. [volume] (Saint Paul, Minn.) 1874-1878, 1877-10-04

In February, 1863, gold brought -. $500. 1865
In March, 1868, gold brought. .......... 100
In April, 1868, gold brought. ............ 1853
In MAY, 1868, gold brought. ...... lat
In June, 1868, gold brought. -. 146
In July, 1868, gold brought. ....... ...... 1876
In August, 1863, gold brought. .. 126
In September, 1868, gold brought .. 1876
In October, 1868, gold brought. ..... 14S
In November, 1863, gold brought . 14S
In December, 1863, gold brought. ...... $50
In January, 1864, gold brought ...... loo
In February, 1864, gold brought. ........ 15s
Iu March, 1864, gold brought. ........... 1874
In April, 1864, gold brought. -. ......... TIA
In May, 1764. gold brought. .............1 1872
In June, 1864, gold brought. ............. 220
In July, 1864, gold brought. .......... 24O
In August, 1864, gold brought ........ 254
In September, 1864, gold brought. .... 22O
In October, 1864, gold brought. -. .. 2lO
In November, 1864, gold brought. ...... 24O
In December, 1864, gold brought ....... 23o
"In 1855, 1866, 1857, 1868 the premi-
UNI on gold averaged 10. 1t was dur
ing these years of depression, when
the fablous premiums on gold opened
the purse strings OF usurers. that
| American securities fovnd purchasers
in Europe. Our bonds, therefore,
were purchased in Europe during
those years at prices alternating pc
tween thirty and fifty cents on the dol
lar. simultaneously our own citizens
were subscribing for the 500 loan at
par. paying for theirbonds in green
hacks. subsequently these bonds, the
interest and principal being payable
in coin. rose in value to the coin stand
ard. changing in value as the premium
on gold changed; never, however, I'M
till recently, falling below Il per cent.
For twelve or more years. therefore,
the foreign bondholder has been re-
ceiving per cent annually in gold on
every one-thouSand-dOllar bond, for
which he paid somewhere between
$500 and $500; while the American
bondholders, receiving their 6pcr cent
semi-annually interest in gold, imme-
diatelv converted their gold into
creenbacks at q premium Of from i
to % per cent. In season OF tlnan'
cial embarrassment government
: stocks fell considerable below par
) Our banks, trust companies, savings
institutions and capitalists awaited
themselves of that opportunity to IN
vest largely, realizing, a year or two
Z afterwards, besides their gold inter
q est. from 90 to 80 per cent profit
The stock of one Of our city banks
!. rose a full hundred per cent in conse
q ouence of the money made by tina
f institution by it's large and lucky pur
@ chases of government SKIES. 50 Tar
J. therefore, both the foreign and tn
i American bondholders have been mu
O nificently rewarded.
tbi NOR oil The bond mold
i ers have had a good thing in the wa
j. of susance.' ! have not been able t
q learn what proportion of our natlona
e debt is held by Americans. 1t we as
J. sumo the amount thus held to be on
II thousand millions of dollars, and tina
&c the gold interest has during the las
~ twelve years averaged 9 per cent, tn
q. bondholders who promptly CONVEX
II their gold interest into greenbach
y have pocketed the handsome sum {
H. S.. 400. 900 annually, making in l. veal
90 S64. 800, 900 The foreign bondholdt
II. who reinvested his gold interest
20 American securities was correspon
or ingly benefited. In view Of thes
or facts, will it be said that we are dea
So ing dishonesty. ineqlutably. or I'LL
I'd orally with the government bondhol
\ ers. by maintaining that they shou
cv be paid in exact accordance with Il
terms uponIwhich they loaned the 60
rv eminent their money! Nor should
We be forgotten that during these wea
IS. twelve years Of financial derangeme
il. that capital which tolls not has be
| squeezing these gold premiums out
of labor. Yes, while capital fares sum
ar. tuously every day, millions of Lahore
he have sweat on land and sea to appeas
q class whose ceaseless cry is give. glN
nd These onerous and remOrSelesS &C
90 premiums. in the memorable langua
ms of President Jackson, make the IL
3D. richer, and the poor poorer. Tn
Yn 1910 the United States produced lit
ad. or no silver. In 1915. in the infan
rle our mines, their product was estin
or ted at $500. Thenceforward t
he Developments were rapid and rich;
IN much so that in 1879 the United Sta1
IF was the largest silver-producing COZ
.,s try in the world, as will be seen by
II following estimates:
lo' Ir,;+.a States SOC. 500
s;l. Mexico -o'o ooo
'ii, Central and South America 5000
led can",, Emn;re 1900
md Tsa,aa 1900
out Spain 500
for Austro- Hun garian Monarchy LOU
nm. Great Britain and Colonies i,ooo
- Canada So
!, II . Italy Sardinial o ooo
Der | Prussia ouo
ply Sweden and Norway 1oo
'iiu- Total sSl $50
nile And then the one-standard agl
ore ton commenced. While for two
,tas turtles neither silver nor gold
rest produced in our country. we CRATE
Fv- " accepted both from abroad.
ala. 1.-The mineral wealth of Califor
loss was developed Immediately after
astS territory was coded to the Uni
,,st States. The acquisition of that tie
,,ot tory. with the immediate discover
! on its treasures, was alike seasonable
49, auspicious. 1t seemed as if this
a,,au;f Of co1d and silver had r