The anti-monopolist. [volume] (Saint Paul, Minn.) 1874-1878, 1877-09-06
TWO WAYS TO RESUMPTION


The greenbacks shall be worth
dollar. equal to a gold dollar.--so say
the hard money men.-So say the
rreenback men. On this point we are
agreed. The dispute, then, is as to
the means. The hard money men say
retire sufficient amount OF the green
backs to reduce the premium on GOLD
to zero. and then begin to pay gold. |
By this method. reinforced by the ac-
emulation of gold in the treasury. |
zero will be reached when the gold III
the treasury equals the outstanding
preenbacks. We can reach 1t by re-
firing greenbacks till there are only
ten dollars out. and ten dollars III the
treasury .sJthen there will be 10 diff
cultN. Possibly. we may not have to
reduce the volume of it SO low before
the surplus gold in the treasury will
meet the quantity. and the whole be
at par. but contraction and boarding
gold is the only way by the hard
money plan. By selling new bonds
for gold. we can get good deal OF
gold into the treasury. but these
bonds will add to the drain. which now
exhausts the treasury. Still. it we
can live long enough and stand the
pressure for a score or SO OF years.
more or less. the end will be sure to
he reached. \ slow road. a weary up
hill road. but a sure one. II our
strength and patience will only hold
ont TO be sure. thousands of people
NAV be bankrupt: the most OF the
property may have changed hands,
: of a few. and our institutions may he
modified. We may cease to he Il re
public. but we have made million OF
/ so of our greenbacks worth par LII
T cold: that will he something to con
g pratulate our children on, II thing &c
| rejoice over equal to the old effete
b, Declaration of Independence. and We
0 shall expect them to jubilate accord
{ imGlN.
h The rreenbacker's method of oh
f tanning the same result is to have thu
: government at once honor It's green
s back currency by receiving 1t at pa
= for customs duties, making 1t Il ful
d legal tender. when. as 1t VIII DO al
II the work which the citizens need 0
y money. it will be at once at par
e. Let the government use its poWe
Is of getting gold to meet the deman
(. for interest on the public debt. 1t Ia
" two methods: it can buy it for currel
Y: cv. and in doing SO. it can always &c
Of If cheaper than the merchants cal
nr for the middle-men. and gamblers Wi
or he cut off. Gold will come into til
of hands Of the government from hr
IT. hands: all subsequent charges Il
8. brol1aee. storage and the like. Will
.1oidnd and the cost will de reduce
from ) per cent. and over. to vel
Mt much less The volume OF the GU
N. rencv will not be disturbed by al
II forcible contraction. and the count
IN. correspondingly distressed.
nr The oreenhackers would bring oV
cd 800 0o0. 600 dollars of legal tenders
to Dar. us common money. ana Hght
th the burdens everywhere.
- The second resources of the COVER
II ment is direct taxation. The Cover
I've ment has a good deal of gold with
No reach: all the gold in the possession
,na the citizens belongs to the Cover
to ment as much us does the right to t
hi. the future generations by SELL
.oll bonds for them to pay. Let I
no government levy tax upon eve
he gold ring. watch. and chain III
ms country. and take the ring, Wat'
nv. and chain in payment OF the tax: IL
nd lions can he gathered up IN that ";
n Thousands of people who are mad
,an specie resumption have hundreds
.as dollars of gold on their persons. i
der debt is theirs. let them furnish
IAN gold. This process might be begun
onau