The anti-monopolist. [volume] (Saint Paul, Minn.) 1874-1878, 1877-06-14

Ewing is the statesmen.
In coming in contact with prOml-
nent men. / find them turning
instinctively to Ewing as a man who
is to stand at the front OF the Dem
ocracy in the next House and bear the
brunt of the battle. He enters the
House with the prestige OF a great
name and the renown OF man OF /
great talents as a debater and ruler
of men. There will be much jealousy |
toward him as a new man, and more
prejudice against him because Of his
we'll known views on the financial
questions, but these are obstacles that
cannot prevent him from asserting
. his position to which his destiny, his
character and his talents have called
, him. Tom Ewing will be giant and
tower of strength to the Democracy
! in the next House.
5 THE FINANCIAL QUESTION.
? Correspondent-Gene what finan-
3 cial legislation, if any, do you deem
y necessary at the approaching session!
< General Ewing that
< will lead to the restoration OF the old
' silver dollar, unlimited as to amount,
t and of free coinage is an imperative
e necessity. TO this measure the Demo
: Gratis of the Honse should commit
S themselves fiat footed until cOnsuma-
n ted.
= Correspondent-Wh about the
l. Resumption Law?
d General-The Resumption Law
o should be repealed at once, and law
h passed providing for the exchange OF
l. coin bonds for greenbacks. Then
n issue bonds bearing such rate Of inter
1t est as will bring them in market to a
r par average with the gold and silver
/, currency of the country, greenbacks
n to be exchangeable for these bonds on
d. demand Of the holder. Let me ex-
is plain. If silver is worth 81 and gold
as lO3, let the bonds bear such interest
ey as will make par value between the
ty two metals. This would make green
20 backs redeemable in the average
market value Of the two coins. This
would be neither imitation nor con
traction. It would establish a cur.
rency regulated solely by the business
as of the country.
Sherman has always aimed to redeem
be greenbacks with coin bonds, and no
er in gold. That is, he advocates the
,e- exchange Of an Understanding debt
i |
,ir adding to the public burden. How
We can he object to the converse Of hi
proposition. that is, the exchange of ;
an non-interest bearing debt, for al
on interest bearing bebt, thus lessenine
u.s. the public burden, unless his ain
ed really is that every change in the pre-
he sent situation shall result in increa
ge sing the bonded debt instead of di
ne minishing it!
lie THE NATIONAL BANKS.
Correspondent l hay
Try noticed at Washington strong delegs
IN lions and Hobbies at National Banker
or who are crying out against the oppre'
to sions of the present laws on the poo
ed banker. They will be in Washingto
ng again. Are you in favor Of dom
ZEN something for them!
On, General-They seem to be dlssatls
eft fed with existing laws. For ever
ty. 800 of circulation they are require
at to deposit 800 in National bonds
,ed They want ten per cent.of these bond
ac- released. Let their circulation be II
IAN tired, and an equal amount OF gree
mt, backs issued by the Government
sss. replace it, have them free fro
m. Federal taxation, and subject to sue
ird taxation as the States impose on banl
ON of exchange and deposit.
lot What would be tt
and result of thisl
boy General-The result would be TIL
rth- the Government would issue a
nee moneys, paper and metallic, in sue
est quantities as the business of the cOu
nty try would demand.
nta Correspondent-Wh is it that
ess. many banks are closing up if bankil
ing is protitablel
ent General-Don't you know why tn
one are closing! They have got too mu
'son resumption. They are closing becau
her their customers are broken up. II
an a banks are gagged with their oy
I on physic They are loaded down to Il
her guards with bad paper that men, owl
Des to the stress of the times, cam
.her redeem.
3 he THE TARIFF.
his Correspondent-Gene what Ii
islation do you think necessary t
be- the tariff!
h of General believe in reducing t
field amount of revenue required to t
and lowest standard, by economical regu
lati. ton. and raising no surplus reven
rem, for the present to go TO the Slnkl
lren Fund. Since the war there has be
will place in the Sinking Fund seve
hundred millions more than the Il
ldge creating the Sinking Fund authoriz
live Let us stop taxing the present gene
ides ton for the Sinking Fund until t
e to surplus accumulation has been tax
new up. and until the industries OF
are countries have revived. Take OH
and duties on all articles. consumed
used rich and poor alike. Such duties
over per capita tax. which is forbldt
Ito by the Constitution and the spirit
John our government. Put stiff graz
fact, ate tax on incomes, say over S2,O
The enact such penal Hesitation as Will
e. of sure the collection of such tax.
e the The conversation now turned on
ings. approaching canvass in this State. Z