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

IN JOURNALIST. I1Ou. Inul NV " 49,
should receive a careful reading by
every one of our readers. 1t contains
facts, reasons, and considerations just ]
now greatly needed by every patrotlc
American citizen. a special session
of congress will be assembled within |
few weeks. The silver question Will
probably be agitated; for silver was
demonetized to increase the recelptS
of foreign bond-holders. The congress
which was party to the deception
was doubtless ignorant OF the purpoS-
es of the manipulators OF the Dill.
Every man on the committee IS now
ashamed 10 see his name associated
with such a fraud. The people must
studv 10 this question that they may
he prepared to hold to strict account
every man who shirks his duty In the
coming contest. The judgement of
the venerable Thurlow Weed on a
ouestion of this character is worth |
more to the sincere seeker after truth |
than the decision of hundred Ordina-
nv members of congress.
we cow from the New York Iri-
bu1,e and give the letter the benefit OF
our circulation.
1.-The discussion of the Silver ques-
ton, as I hope and believe, progresses
satisfactorily. The strong positions
taken by the advocates Of the Silver
Standard have not been shaken or
weakened by it's opponents. The tact
that the constitution designated silver
and gold as the legal currency OF our
country, authorizing congress TO de-
termine the weight and value OF COINS,
and prohibiting the states from max
ing anything but silver and gold legal
standards. is neither denied nor ques-
toned. or is the further fact that
the laws Of congress. from the lnauS-
uration OF the government, with I'M
important exceptions, provided Tor
the payment Of principal and interest
of the public debt In coin, denied.
Nor will it be asserted that there IS
any constitutional power to impair the
Obligation of the contract which en-
titles the public creditor to the pay
ment of his debt, principal and inter-
est, in silver or gold. SO clearly
inconvertible is this point, that ii the
secretary of the treasury should ten
der payment of debt contracted be-
fore the law of 1873 in silver, and the
creditor refused it, the question, IT
carried To the supreme court OF the
United ~tates, would be decided IN Ia
Nor of the government, on the ground
that even congress has no power to
impair the obligation of the contract
1T is not perhaps to be regretted
that the consideration of the bill re-
monetlzing silver which passed the
house OF representatives by a large
majority. was postponed by the sen
ate. The merits of the question vii
be better understood when congress!
reassemhleS. Those who saw reSump
ton and prosperity in the near future
by arepeal of the law of 1873, will no
long be stigmatized rs .'Intlationlsts.
We are enjoying, in the subsidiary sil
yer which has quietly taken the plac
of paper stamps, Il gratifying install
ment upon the full measure of th
blessing which return of the sllve
dollar as q legal tender will confe
upon the people. And yet thes
bright half and quarter-dollars an
dimes are held by the advocates OF
single standard as parts of polio
calculated to debase the currency!
''Meantime, the one-standard theor
as the discussion progresses, grow
weaker. The one standard advocate
until their positions had been venti
lated, carried every thing by storm.
have carefully examined their side {
the question. The argument is Ma
rowed down to two points, viz: TT
Latin governments insists that
double standard is inconvenient; an
second. that America produces tC
much silver. For these reason
Northern Europe requires the ado
III. 4 OF 4 gold standard. Insthe daw
Of ci> ihzation. and for many succee
;no cent?, les. there was but a sing
standard. ana l. vat standard was silve
~.Silver has been s.sndard, in tt
language ofa distinguisheo statesma
..since the days OF Abraham.
aurino the last thousand yearsa sing
standard had been deemed advisable
that standard would have been silve
1.-The law of 1873 demoneuzins s.
yer was quietly but sklllfully work'
through congress. The purpose al
effect were not understood by one Q
of five OF the members VINO Noleu
i. Nor. until this discussion CO..
menceJ. was the existence OF sucI
law known to any considerable umu
of our citizens. 1t was passed slhll
to promote the interests OF the Dol
holders. usurerS and SPECTATORS
cold Its effect has been to GRIP
Industry and Cypress labor. Inc
seems in the minds OF the aoVoca
of the gold standard but one inter
entitled TO public consideration. ]
ervthinc must yield to the bonding
ers. No matter what amount Oh
or suffering reaches other lntere
and other classes. the bondholder m
be protected. The bondholders are
only WARDS of the government, but
Joy the sympathy of the Press. nv
other department and branch OF o
ness may suffer. Labor may seer
vain for employment. but the DC
holder must have his interest in s.
which he immediately converts
rreenbacks alta premium.
..7ha vi ~ilancp of the yovprnn