davidaulloa/AmericanStories huggingface dataset:
The anti-monopolist. [volume] (Saint Paul, Minn.) 1874-1878, 1877-10-25

the power to issue paper money, or
the creatures OF the sovereign: and
whether that money shall cost the peo-
pie S34. 100000 annually in gold. OF
shall cost them nothing.
Permit me to say in conclusion that
the breed of ''blatherskites is in
creasing with wonderful rapidity.
The Democrats carried Ohio the other
day because they adopted ''hlather-
skite" doctrines; the ''hlatherskites
of Iowa. last Tuesday. polled over fifty
shousand votes-about twenty thons-
and more than the Republican plural
ity over the Democrats. The ''blath-
erskite" vote Of Maine rose from 500
in 1876 to $500 in 1871; the ''blather-
skite'' vote of Kentucky increased $50
per cent. in one year. And this year
in Minnesota the "blatherskites'
propose to elect Mr.. Banning govern
or.
Thanking you for having got far
enough to even discuss these great
questions, | am respectfully yours.
IGNAAIUS DONSELLy.
ST. PAUL Mimi. Is, 1877.
To this the Pioneer Press replied
Greenbacks having been mentioned,
Donnelly, as the apostle. OF the rag-oa-
by in this state. feels called upon to
assert himself. so far as lie goes he
will have found himself incidentally
answered yesterday. But we don t
quite comprehend Mr.. Donnelly's in
terest in Mr.. Banning S present posi-
ton on the greenback question. Mr..
Banning is for Il greenbach currency
redeemable in coin. which is as differ
ent a currency from the irredeemable
shinplasters based on public credit
which Donnelly has been advocating,
rs bread is from poison, light from
darkness. health from sickness. life
from death.
Our readers can see how complete
an answer this is to our propositions.
When we have got the resumption
act repealed. silver remOnetiZed. the
greenbacks issued in place of naAional
bank note and the prosperity Of the
country restored. it will be time
enough to argue whether the green
backs should he redeemed in coin OF
not redeemed at all. IN the mean
time our maxim is:-''in essentials
unity. in non-pssentials liberty.
The anti-monopolist. [volume] (Saint Paul, Minn.) 1874-1878, 1877-10-25

gold are provided to redeem all the
outstanding greenbacks. and that the
greenbacks are presented and 50 re-
deemed. and the nation reissues
them; then it would need another
three hundred millions in gold to re-
deem them again and so Oh I'D l1tn1-
tam. But it will be said that II the
gold is there the notes will not be pre-
scented for redemption. True: II gold
does not bear q premium: But II the
Bank of England puts UP its rate OF
discount. OF the balance Of trade sets
against us. UP would 90 the price OF
gold: and if the premium was only one
tenth of one per ct. the greenbacks
would be presented hy the bankers
and the gold demanded.
But there is no power on the part
Of the government to reissue a single
greenback after it is redeemed: and
Wall Street does not propose that It
shall be reissued.
Why issue three hundred millions
of new bonds to purchase gold to re-
deem the greenbacks if the green
backs are to be issued again! What
would they then represent! Not the
national debt, for every dollar Of that
would be in the shape Of interest
bearing gold bonds. 1t is admitted
that the nation has the right to put
part of it's debt into the shape of
notes. but how can't issue notes when
every dollar Of its debt is already in
bonds9 Either Mr. Pierce is grossly
ignorant of the whole financial ques-
ton or he is attempting to deceive the
people.
The anti-monopolist. [volume] (Saint Paul, Minn.) 1874-1878, 1877-10-25
QUESTION 1NSHER.
Ed.
ELK RIVER Sept. 90 1871.

ELK RIVER Sept. 20 1877.
Editor Init MonOpotist:
I take greater interest in reading
your paper weekly than any other
that reaches our counter, for the rea-
son that it is emphatically the peo
pies paper, run in their interest and
encourages the sons Of toll, dealing
its sledge-hammer blows against
rings, powerful monopolies and all
other combinations to enrich the few
at the expense Of the sweat and mus
Gle of the masses. We feel that the
imi-Monopolist occupies a place in
neWSpaperdOm, that must otherwise
remain q void; for its editor has the
brain to conceive the right, and the
pluck to publish it to the world. An
editor who is tied to party is slave,
for If he has noble, manly, honest SEN
timents, he cannot express them, IL
they come in contrayention Of party
tenets. lie is bound to accept all hold
up the veriest villain and call him
a good fellow, honest and true it he
is only on the political course bound
for an office. But we are happy to
record the truth that the dnti-Monop-
olist sustains no such relation to any
political organization. Go on, Mr..
Donnelly. continue to expose the
shams and tricks Of bad men who are
trying to deceive the people, and you
will win.
But / intended, at starting, to ask
you question or two in relation to
the financial matter, feeling assured
that you would give us the desired in
formation. What man cannot un-
derstand,aif at all interested. he APP
peals to those who have the ability to
assist him. 50. we apply to you. and
| if YOU have elaborated the subject be-
| fore. I'm sure it will not suffer by
repetition. HoWeve much we may
differ as to the cause of our present
deplorable condition financially, all
agree that the history of our republic
from its inception scarcely furnishes a
parallel to the widespread misery of
the entire people to-day.
Now. is the country poorer in dol
lars and cents than when the war
closed in 1875, or say, six years later!
If so, how do you account for it!
There ought to be more wealth to-
day than there was ten years ago.
Because horse. COW or anything else
was worth twice or thrice what either
will command to-day. can we not just
ly attribute this difference to the in
fiated condition of the currency!
Then, greenbacks, as compared with
the wold's standard, gold, were worth
but 30 cents per dollar, consequently
it would take three times as many
1 dollars of currency as Of gold to pur
chase horse; but one could obtain
the three dollars as easily as the one
in gold. So. what is the one in gold
So, what is the difference! Was this
enhanced value in general, reall Was
! the real wealth of thel country aug
lmented about threefold! To illus
,, trate: If the markets of the world
demand during the year, say one hun
bred million bushels of wheat, and
! Twill pay therefore one dollar pei
The anti-monopolist. [volume] (Saint Paul, Minn.) 1874-1878, 1877-10-25

it's price fell as compared with silver.
The netherlands, Germany, and Bel
GUM all demonetized gold and adopt
ed silver as the only legal tender.
Gold only circulated in those coun-
tries as commodity, like wheat, and
acas subject to daily Fluctuations IN
ralue. In India prior to 1885 gold and
silver were both legal tender, but
silver then became the exclusive one.
In 1871 the Indian government au-
thorized gold s'mohars" to be received
in payment of. taxes. In December
1852, however. this was prohibited.
''for fear that all payments might be
made in gold. vhich Uds the cheaper
metal -
Now that the production is decreas-
ing and that Of silver increasing, the
fnanciers of Europe are laboring to
demonetize silver and make gold the
only legal tender. This is done to in
crease the value of money at the cost
Of property and labor.
VI. No. The entire annual pro-
duet of gold in the world is about
800, 900, 900; of this S25, 900, 900 is used
in the arts. The total gold coinage
of the whole world from 1913 to 1872,
amounted to 1902. 116.00O, or three
billion dollars Of our money. The
oriental nations, India and China es-
pecialiy, have been denominated 1.-the
graye-yards of the precious metals, :
u steady stream Of gold and silver
| flow into them and none returns.
We are coming silver trade-dollars to
ship to China. We produce annually
but $50, 900, 900 Of gold while we eN-
port about $50 100000 annually.
There is no more gold now in the
United States than there was at the
outbreak of the rebellion.
The anti-monopolist. [volume] (Saint Paul, Minn.) 1874-1878, 1877-10-25

Here is part Of the debate now going
on:
'.ro the editor OF the Pioneer Press:
! find in your paper Of this morning
the following:
There is not one word OF truth in
the statement that the note-issuing
privilege enjoyed by the national
banks costs the people forty million
dollars or any other sum whatsoever.
Mr. Banning doubtless believes it to be
true, but he is utterly mistaken. He
has been deceived into accepting as
true the loose and reckless statements
made 10y such rattle-hrained dema-
gogues rs sam Cary, Brick Pomeroy.
Ignatius Donnelly and a lot of other
blatherskites, which authorities he
was evidently in the habit Of consult
ing and trusting when. like them. he
believed in an irredeemable currency
of greenbacls. The way they figure
out this imaginary tax of forty mil
lions for the benefit of the national
banks is by alleging that the banks
get double interest on the currency
they issue: first on the United States
bonds deposited by them in the Uni
ted states treasury us security for
their currency issued or authorized to
be issued. and second on the circula-
ton which they loan to the people.
As one OF the ''blatherskites' so
touchingly alluded to permit me Il
word of reply.
The national debt now consists Of
two things:
First-Interest bearing debt repre-
scented by bonds.
~econd-N on-interest bearing debt
represented by greenbacks.
The Republican programme is to
wipe out these greenbackS and issue
national banknotes in their places.
This process is now going on. and last
month one million of greenbacks were
cancelled and one million of national
bank notes issued in lieu thereof.
When the work is completed the gov
ernment debt will be oil interest-bear-
ing bonds. The currency will consist
of gold and national bank notes: the
gold and silver will probably be about
one-fourth of the currency: the re.
mainder will be about one-fourrh
of the currency: the remainder will be
national bank notes. based on interest
bearing bonds.
If the total currency is. as now.
nearly. S70O.000.O 900 of paper and
5000 900 900 of gold and silver. then
the people will pay taxes to pay inter
est on S110.00o.000 of government
bonds pledged to secure those $780,
100000 OF paper money. This at 4 II
per cent. will be S34.l00,0O0 per an
mum in gold. or S44 $50, 900 in paper,
at present rates. More even than Mr..
Banning claimed.
This is the Republican programme
The Independents claim that the gov.
eminent should issue all the paper
money needed. and save that S34. 900.
900 or S44.OO0.0OO of taxes annually
And why notl Is not a greenbacE
worth as much as national bank
notel Is tt not as safel Is it moi
. the fact that the government is be
hind it that gives either any value!
We have no hostility to nationa
banks or bankers, as such. Let then
continue to bank, but lei them do i
with greenbacks. 1t iss m ply a ques
, ton whether the sovereign shall hav
The anti-monopolist. [volume] (Saint Paul, Minn.) 1874-1878, 1877-10-25

:. l.. Pierce Of st. Paul writes let
ter 10 the Pioneer Press declining the
nomination Of the Independents for
the Office of Attorney General. We
accordingly take his name from our
ticket.
In this letter he exhibits woful ig-
norance Of the financial question. lie
says
Neither Mr.. Banning nor Donnelly
fairly state the question as 1t IS. The
great point aimed ut by the admin
istration Of Grant and his successor IS
10 Withdraw from circulation guam
tity Of sreenbacks sufficient to in
crease the market value of the resi-
due to par with gold. When this
point is attained. there is no need OF
continuing the retirement OF green
backs. Being of the same value OF
gold. they Will answer every purpose
of gold. 70 the extent OF a clrcula-
ton of greenbacks within this limit
there is no particular opposition; for
many reasons the argument is in favor
of their retention.
Mr.. Pierce does not seem to know
that the resumption act provides for
the redemption of every dollar of the
greenbacks in gold. and that there is
no provision Of lar to authooizs thei,
reissue. 1t is admitted by all leading
republicans that they are not to be re
issued. But supposed $500, 200. 900 il
The anti-monopolist. [volume] (Saint Paul, Minn.) 1874-1878, 1877-10-25
The result in OHIO is thus stated:-

The result in Ohio is thus stated
The Democrats thanks to Governor
Allen and Gen. Ewing, had been ed
ucated to L more advanced condition
than the Democrats ofany other state
in the union. The result is, Demo-
Gratis have elected their ticket by over
> 900 majority. and have u majority
in the State Legislature.
The regular greenhack vote will
foot up, at least. 5000 votes. without
counting any greenbacN votes from
the Republican party. The united
votes Of the Greenback and Democrat
il parties, exceeds that OF the Repub-
licAnS hN $4,000.
The anti-monopolist. [volume] (Saint Paul, Minn.) 1874-1878, 1877-10-25

The PjoAstrPreas mas proved the
startling fact thatwe have altered our
opinion during the past fonr years up
on the financial question. Granted.
The difference between Il man and a
iacllass is that the man ca5t change
his mind bat the jackass can't Joe
Wheclock thinks that this proves the
superiority Of the iaclass.
The anti-monopolist. [volume] (Saint Paul, Minn.) 1874-1878, 1877-10-25

Better and better. The ch1cago
iaterOcean, (Republican,) says that
THE GREENBACK VOTE OF IOWA NJ
THE RECENT ELECTION WAS SEVENTY
FIVE THOUSAND y
The anti-monopolist. [volume] (Saint Paul, Minn.) 1874-1878, 1877-10-25

We spoke on the 18th inst Ut Elk
River, Sherburne county, and on the
24th INST. ut .Anoka, Anoka county, to
large audiences. The Greanback par
IL IS growing just Is fast as the people
understand its principles.
The anti-monopolist. [volume] (Saint Paul, Minn.) 1874-1878, 1877-10-25

The people Of Faribault county nave
nominated an Independent Greenback
ticket III that county with tar
prospect Of electing the whole OF It.
81 the GOOD Cause GROWS.
The anti-monopolist. [volume] (Saint Paul, Minn.) 1874-1878, 1877-10-25

IIAsSAN Oct. ). 1877

IIASSAN Oct. ., 1874.
Editor init u0liopoiiSt:
If gold was not used as money it
would be worth but very little. The
paper that is used for money is worth
but little, yet the world could do with
ont gold better than it could without
paper. The questions | wish to ask
are:
l. Does gold add any value to pa
per money! When the government
stamps piece OF paper as ten dollars
and piece of gold as ten dollars. is it
that fact that makes either worth ten
dollars,
II. If there is no law discrimina-
ting in favor of gold the paper none y
would be worth just rs much as the
gold. If not, why nott \ Bank Of
England note is worth as much as
gold all over the world where paper
money is used. What is possible i'll
England is possible in the United
States.
III. Is there any necessity for
these national banks and is the money
| they issue worth any more In any way
than the greenbacks issued directly
by the government
". What woull be the effect on
the debtor class if All debts were pay
able in gold and nothing else!
Y. Could not gold be put up or
/ down by the moneyed powers as we'll
after resumption as beforet
VI. Is it possible for the United
| States To accumulate gold enough to
redeem al the paper money necessary
! To carry on the business of the country
ask these questions believing YOU
understand them better than most
men.as notice that on most questions
pertaining to government YOU are two
or three years ahead.
Yours Truly.
GORDON JACKINs.
We reply
I. Money is a medium of exchange
1t measures the value Of the articles
to be exchanged as the yard-sticl
measures the cloth or the grocer:
scales the sugar. \ farmer desires tt
swap hundred bushels of wheat 70,
| groceries. lumber, and dry goods
He cannot conveniently deal directly
with the merchants who have thos
articles for sale. SO he sells hi
wheat. That is, he reduces it to it
current value in money. and take tina
money to pay for his purchases. TIL
money he receives measures the valu
of his wheat and also the value of tn
goods he buys. Without this medi
UNI of exchange all commerce woul
be reduced to mere barter land societ
would remain in rude and primitiv
> condition. 1t is the function of go,
The anti-monopolist. [volume] (Saint Paul, Minn.) 1874-1878, 1877-10-25

We have the most cheering reports
from all parts of the state as to the
Growth of the greenback party AR'
BANNING WILL BE ELECTED COVER
>-pp
The anti-monopolist. [volume] (Saint Paul, Minn.) 1874-1878, 1877-10-25
Three cheers for Iowa !.

Did we hear somebody remark thao
1.-The Rag Baby was dead! SPEAK Il
little louder, please.
The anti-monopolist. [volume] (Saint Paul, Minn.) 1874-1878, 1877-10-25

When gold was discovered in great
quantities in California and Australia
The Louisiana Democrat. [volume] (Alexandria, La.) 1845-1918, 1877-11-28

THE heathens are organizing for
eign missions for the conversion of
Christians. This Hindus of the sacred
city of Benares have founded society
for the propagation of Brahminsm
among the Christians of Australia
An eminent Brahmin of the name of
Suradschi, man of great authority,
has recently been visiting some of the
English colonies, and while travelling
in Australia, was appalled, and grieved
at the fearful prevalence of drunken
ness among the Christians. On retur-
ming to India he called together a num-
Der of thoughtful Brahmins, to whom
he communicated his glowing zeal to
do something for the salvation of their
degraded fellow-men and fellow-sub
jects in Australia. The only perfect
remedy, he considered, would be the
conversion of these Christians to bet
ter and purer faith. A large sum was
collected for the pious and benevolent
enterprise, and some of the Brahmins
declared their willingness to devote
themselves to the work, and to spend
and be spent in this humane and holy
carse. Suradchi is now engaged in
translating fitting passages from the
Vedas into the English tongue for the
use of the missionaries.
The Louisiana Democrat. [volume] (Alexandria, La.) 1845-1918, 1877-11-28

gers of festivale, picnics, or other
home entertainments may not buy
one cents worth of space, but all the
same expect the free gift of seberal
dollars worth of space. The minis
ter who never advertises, may want
space to the amount of a dollar or
two weekly, for the advertisement of
coming sermons. The politician,
even though he forgets to keep his
subscription paid up, demands col
umn after column of valuable space
free, and rarely so such as says thank
you for it. For all this the newspaper
man, taxed beyond any other bust
ness, enjoys the high distinction of
being regarded as dead head by two
thirds of his neighbors.
The Louisiana Democrat. [volume] (Alexandria, La.) 1845-1918, 1877-11-28
Deadheading on the Newspaper

The Rome Sentinel rises to ex.
plain, and its language is plain, and
as follows:
There is no other business on
which the public levies such heavy
contributions as on the newspaper
publishing business. An organiza-
ton is getting up some kind of fes-
tiyities, for example. It pays for
the use of the grounds, pays for re-
freshments, gets 81 worth of tickets
and 81 worth of bills printed either
at newspaper Office or somewhere
else, and then expects free ADVERT
sing from the paper to an extent &C
tually worth from So or So to $40.
The mere announcement of picnic,
soclable or festival is a matter of
news, but further than that is an ad-
Vertlsement, and ought to be paid
for. The result is that generous
proportion of the profits of nearly all
entertainments of this kind is money
which rightfully belongs to newspa-
per publishers. Then, after the
thing is over the managers will come
In with long string of resolutions,
WITH which to rob the publisher of
more valuable space. The truth is,
mat space in a newspaper represents
money. 1t is worth money to the
publisher. There is no more reason
why he should give it away than
why a merchant should give away
MS goods. Part of the space of the
paper is sold to business men for adj
Vertisins purposes: the rest of the
space is devoted to interesting read
ing matter. On the last the pub.
hsaer depends for the attractions
"nlcn shall sell his paper. Either
space represents cash to him. Yet
'ns business man who buys space to
the amount Of 81, often buys a gratu-
Ivy OF local space to the amount of
~ VI ~, or even more. The mana.
The Louisiana Democrat. [volume] (Alexandria, La.) 1845-1918, 1877-11-28
The Trotting Wonder.

AS public curiosity has been aroused
over the marvellous newspaper stories
told of Lady Grant and her wonderful
performances il private, our readers
are anxious to know if the Lady is a
myth, or whether there is any truth in
the stories going the rounds. The la
test report, that the mare had trottcd
full mile at an agricultural fair. in
2:l2, gave some coloring to her owners
boast that she could beat the Maids
time and determined the proprietors
OF this paper to inquire into the facts.
A reporter was quietly dispatched to
the home of the Lady with instruc-
tons to unearth the wonder, and get
at the bottom facts about her extraor-
binary speed. If all that was claimed
by her was true, it was due that the
truth should be made public; or, if
false, the rascality exposed. The fol
lowing is the result of his investiga-
tiOns:
Lady Grant is a Medium sized, fine
looking bay mare, a pretty stopper,
and on the road can give all cold
blooded plugs and slugs the go-by;
but she is no trotter and would find it
difficult to beat 400 on race track
Her owner, Mr.. Trask, is a fine, can
did, unsophisticated old gentleman of
about 60 years of age, and, having
been led to suppose that he had a flyer
in Lady Grant, is perfectly sincere in
his offers to show extraordinary speed.
1t is about three years since he was
taught to think the mare was develop
ing great speed. The boys in the
neighborbood INDUCED him in his be-
lief by timing her trials in such fabu-
lous time as 2:20, 2:l5, 2:IO, etc. This
timing business soon got buzzed about
in the neighboring villages, and was
understood by those who are fond of a
lark. They all enjoyed the joke and
helped to keep up the delusion. From
the boys the joke spread to children of
larger growth until it eliminated at
a certain agricultural fair, during the
present fall, not a thousand miles from
Franklin, New York, when Mr.. Trask
agreed to show a mile with Lady
Grant in 2:lO for special premium of
$40. After the trial the judges, who
had been previously posted, ANNOUNCE
ed 2:l2 as the result. Thus, after hav-
ing been deceived for years, Mr..
Trask's friends find it impossible to
undeceive the innocent old gentleman.
He fancies he has the fastest trotter in
the world, and nothing less than $780,
600 will buy her.-[Turf, Field and
Farm.
The Louisiana Democrat. [volume] (Alexandria, La.) 1845-1918, 1877-11-28

THE old abodes of the French aris-
tocracy in Paris, of which there will
soon be scarcely one left, were on a
very large scale. The visitor drove
into large court, around which the
house was built, with peristyle in the
centre. The gardent front on the
ground and first floors was usually de-
voted to heads of families and to re-.
ception purposes; the second floor and
the two sides of the court were divi-
ded into innumerable apartments with
entire soils. These, although low pitch
ed, we're roomy, and, in the clear sky
and light air of Paris, are not glnomy.
In these were lodged the children, the
tutor, NJ. PAbbe, and the secretary
In fine weather the ladies passed near
" the whole day in the garden Ex-
change.
The Louisiana Democrat. [volume] (Alexandria, La.) 1845-1918, 1877-11-28

-"WHAT no, there !" said Queen
Elizabeth to the yeoman of the guard.
"What no, without = ."There is no
hoe there, your majesty" observe -
Sir Walter Raleigh, bowling with ex-
quisite and courtly grace. "Beshrew
thine insolence, saucy knave," respon-
ded the virgin Queen, "and yet I do
bethink me, thou sayest truly. No
hoe indeed, but sad rake l fear me"
And she graciously extended her royal
hand to the knight, in token that she
had not taken his jest amiss. This
little circumstance is not mentioned in
in some of the histories.
The Louisiana Democrat. [volume] (Alexandria, La.) 1845-1918, 1877-11-28

y OGERS' ENGLISH TABLE AND
"a P 0CKET CUTLERY. LADIES,
SCISSORS and OTHER FINE GOODS
KEPT BIZ HENRY ST. JOHN.