The anti-monopolist. [volume] (Saint Paul, Minn.) 1874-1878, 1877-12-20

The government OF England lHuuoo..
our own State Department to SUCCESS
to our Treasury Department that ~
bring home that award as the couII
had adjudged it to us, in gold "oulu
produce financial crisis, and tnaJ We
should therefore, in the same SplrlC
of amity which had submitted W
arbitration the great issues between
US, accept payment in our own Doilus.
And again we were compelleo 70
submit.
But later still, sir, within three
months the government OF lhuia
advertised in London for loan OF
$4,000, 900 sterling, $l5.0OO,0OO, ana
the Economist and the Times, ana all
the leading journals OF England an
nounced that the proposed loan was
producing perturbation IN business
circles. because if the proceeds were
to be sent to India in money, 1t mlght
produce financial crisis. why pro-
duce a financial crssis II sent IN the
money of India, it would be silver,
which is not money in England. es
that fact was recognized; but 1t was
also remembered that Germany
needed gold; ann if that loan was TO
be sent to India in money, Germany,
il was said. would supply the silver,
and take in exchange therefor Eng
lands gold money to the amount or
f3,00O,O0O sterling.
AN INVASION OF THE MONEY POWER.
Mr.. Speaker. | tell the gentlemen
they are attempting an lmpoSSlblllty.
The laws of trade cannot be controlled
by the wisest and most potential
government. AS we'll attempt to reg
ulate the laws of gravltatlon or
refraction Us to legislate the flow or
gold from creditor to debtor nations
in an era like the present. The banks
understand all this. They know that
there can be no resumption OF specie
payments. and they hope to obtain
control of the entire circulation Of
the country. They are here III their
might and power to control our
legislation. They invaded different
committee rooms yesterday. Ihey
went, 50 the newspapers tell me, to
the Executive Chamber with three
Cabinet ministers as captlves IN their
train. | hope it is not true; do not
believe it; am unwilling to believe
it; will not believe it till it is proven
that forty or fifty men who hold the
money-bags of our Eastern cities
may come here and three Cabinet min
listers abandon their posts OF duty and
escort them with servility to the tx
ecutive Chamber, while deaf to the
cries Of widows, of orphans, OF men,
women and children pleading for the
poor privilege OF selling their labor.
[ will not believe the slanderous story.
THE COMING PLUTOCRACY.
Judge Kelley entered into lengthen-
ed description of the ruinous effect OF
resumption in England in 1919. 20.
summing up he said: Wages fell;
the value of land fell; all values, save
those of money and of government
securities. fell, and of course, as 9TH
er values fell, those of money and
governm ent securities appreciated;
and then, as had been foreseen by Sir
Robert Peel. who opposed the act
which had been introduced by his son.
Mr.. Robert Peel, the plutocracy.
which now owns England and most of
her people. was organized. Rich
mems money was so enhanced in val
ue or purchasing power and the prop
ertv of men Of enterprise, and the
only property of the laborerS, skill and
the will to labor was SO depreciated--
that the landed property of England
has passed from the hands of one hun
dred and siNty-fve thousand holders
into the hands of about thirty thous-
and.
Are the same results occurring in
this country or likely to occur Yes,
sir: they are consequences as lnevlta-
BILE us the rising of the sun in the
morning or its going down in the
evening. There is an lniieXlble law
regulating the relation between prices
and the volume of money in circula-
ton. 1t may have been unwise to use
that great enemy of the nation, the
Greenback," and thus increase the
volume of money and enhance prices:
but remind gentleman, who say that
the Greenback is an enemy to the
country, that they decry their coun.
try's saviour.
SIT WAS THE GREENBACk THAT
WHIPPED US-AN ELOQUENT PLEA
FOR THE PEOPLES MONEY.
When l had the pleasure ofaddress-
ing few audiences in the State OF
Georgia. where l was kindly received.
especially at Macon, spoke on the
questions of money and said to the
confederate officers and soldiers
around me: Your leaders were mis-
taken in their financial theories when
they told you that handkerchief
would wipe up al the blood that would
be shed: they were strict construct
ionists of the Constitution: they be
lieved that the United States could use
nothing but gold and silver as money
and that as they had none of these
metals they could not put armies in
the field to overwhelm you or fleets
upon the ocean to blockade your
coasts: they had not studied the Con
stitution TO see that the government
has control of the question of what
| shall be money. We discovered that
it had. ard when we could not get golt
or silver we made the Greenhack. anl
it was that that whipped YOU
.sYes." said one of them enthusiasts