The anti-monopolist. [volume] (Saint Paul, Minn.) 1874-1878, 1877-06-21

gold. In thirty years che total inter
est would be SOL ,5OO,O This would
compel the people in thirty years 70
pay in interest seventeen million five
hundred thousand dollar: more geld
than the amount orig. nally Jtalned
on the bonds.
The principal and interest The people
will be forced to pay Oh this fifty
millions will amount i'll thirty years
to one hundred and seventeen million
i've hundred Thousand dollars!
Now, we ask, what CO the people
get i'll exchange for this money?
| Where does the gold thus paiG OUT go
to!
This vast amount would be ample
to build two double-tracK railroads
from the Mississippi 70 the Pacific
| ocean, o. five from the lakes 20 the
Gulf of Mexico; CT ii wCGlC b. i'd four
hundred steamships and PIT them on
the ocean. Al compound interest,
| which the bankers get, ii amounts to
| 1886, 2o5, 900. This sum wcd.G build
one hundred steamships, two double
track railroads from the Aississ 1pi
! to the Pacific, and two from tEe lakes
10 the 6ulT OF MEXICO.
! This money is filched Orc - the
earnings OF the people and given 20
the bankers. Ali the people get Us an
equivalent is the exalted D-isilege OF
! burning up The greenh2cl-s, their OWL
money, and using bank note II tneir
place. But this IS only abocJ one
eighteenth palt OF the money that
| these bankers have been and are now
forcing from the people.
The entire amount of paper money
in circulation i'll August, 1865, the
year the war closed, was 1885, $3.50.
This money was neaaly all, and could
have lust as well all nave been in
greenbacks.
The programme Of the Wall street
bankers is TO change all this money
into bonds and banknotes, art make
the people pay the int crest upon them
to the banks for thirty years. :: SIN
pie interest, $8G6,697 ,657, Will, in
thirty years, amount to $2,4l6, PSI, 113.
Atcompound interest, which the banks
are able to obtain, you viii find, in
thirty years, the working classes will
earn 81 $40, 80, $50 as interest and plin-
cipal on the Londs that will be issued
by the Government for the sole purpose
Of getting to specie basis, orsin other
words Tor the sake OF burning UP the
Greenbaeks and forcing them 20 use
banknotes as money. This win cake
from the people more than 'oer Lines
the amount Of gold necessary 70 re.
deem every Greenback ever puC n
circulation. What ar enormous
amount OF toll and suffering and anx-
iety and care, the working classes
must endure to produce this amount
of gold.
Now, just consider fer q moment
what could be done with this money
fit was spent in public improvements
1t would build ten double track rail
roads from the Atlantic 70 the Pacific
Ocean, with depots, side tracks
switches, locomotives, freight ant
passenger cars, ana all needed equip
! ments, at cost of 5000, 900 900; il
would build thirty similar roads from
the Lakes to the Gulf OF Mexico, al ;
cost of S720, 100000; it would built
five colleges or universities in ever,
State at a cost of ST .00G. 900. and endov
each with 81 100000 making Il tota
cost of $400, 200. 900. 1t would buile
, one Thousand firSt-clasS steamships
! and put them on the oceans, lakes, AM
navigable rivers, at a cost of $500, 900,
: 900; it would build a ship canal from
, Lake Erie to Hudson river larg
enough for ocean steamers, at a cos
of $500, 900, 900; it would build five asy
: lums and hospitals in each State, at
, cost of $500. 900 each, and endow eacl
| y Of n11 Ii inc
5 total of SlQ5 900 900; it would give t.
: each county in the United State
= S500,000 to establish Normal school
:. library reading room and lecture nall:
q and still have money enough left to pa
. off every State, city, county and tow
= debt in the United States.
II This enormous amount Of none
earned by the working classes is for
% ed out OF them by law. and is give
! to the Bank Syndicate and their asst
ciates, not dollar of which need tn
people pay if they keep their Greer
backs as national currency. TIL
r scheme was started by these Wa
= street bankers under the cry of ESP
Gle Resumption" Tor the expires
he purpose of making slaves of the wor
ing classes for the benefit of banker
" This is not more than half of tt
money these bankers get. They d
stroy the Greenbacks, and force tt
n. people 10 use banknotes in their plac
I'd According to the provisions OF Il
rv Resumption Act, every eighty dolla
th of Greenbacks destroyed the ban
or get one hundred dollars in banknot
Is. to take their place. These notes Il
in banks loan to the people as money.
rs If we put $3.50. 1897 $3.50 Of bank not
vs into the hands of the bankers, al
Le they loan them to the people at sew
at per cent. in thirty years time the
= terest will amount to S6.006, 7o5, Ia
D They actually get more from this th;
ed for interest on the bonds. The ia
he is. the banks, by having the control
a the money, are able to control Il
III President, his Secretaries, Consre
nd and the press, and by so doing get la
on FOR their especial benefit, and wni
is makes useless drudges Of the workil
cd classes. The result of this is, t
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