The anti-monopolist. [volume] (Saint Paul, Minn.) 1874-1878, 1877-08-16
the same kind of money with which
he bought the bonds, he is an extor-

such burdensome loan negotiated by |
any civilized nation in the world as
our five-twenty bonds, if they are to
be paid in gold" And yet these very |
six per cent. bonds, that were issued
under a law that made them payable |
in the currency Of the country, have |
by most cruel and unaccountable |
change in the law, been made payable |
in gold-the very bonds which had
been sold at forty to sixty dollars in
gold for hundred in currency, thereby
causing debt that now hangs like d
milestone on the neck of the nation.
It should always be remembered that
debt in all ages Of the world, has been
the most effectual means for holding
the mass of mankind in a specie of en-
SlaVement.
Within my own recollection, un-
married white men could be sold for
debt in the state of Connecticut; so
that debt is species of slavery, as
commerce is a kind Of commercial war.
1t is a war of interests, as all nations
are using their highest arts to buy as
cheap and sell as dear as they can.
Our government can only regain It's
former prosperity as nation by adopt
ing similar national policy to that
which made and protected the indus
tries of Fance.
One of the causes that brought on
the revolutionary war, as will appear
by the following statement, were the
laws that were passed by England ex-
pressly to deprive her colonies OF the
right to manufacture for themselves.
.sThe first attempt at manufacturing
in the American colonies was follow
ed by interference on the part OF the
British legislature. In
ITO the house Of commons declared
that the erecting of manufactures IN
in the colonies tended to lessen the
dependence on Great Britain. In 1872
the expectation of hats from province
to province, and the number Of appren-
tees. was limited. In
$780, the erection of any mill or engine
for Sitting or rolling iron was prodib-
tied. In 1865, the exporta-
tiOn of artisans from Great Britain
was prohibited, under heavy penalty
In 1871. utensils required for the man
ufacture of wool and silk were prohib-
tied. In 1884, the prohibl-
ton was extended to artifcers In
printing calicoes, muslins or linens, or
in making implements used IN their
manufacture. In loo,tne
prohibition was extended to tools used
in iron and steel manufacture, and to
workmen SO employed. In
1899 it was so extended as to embrace
even GOLFERS.
The war of the revolution of our own
country was brought on by war OF
commercial interests. 1t was war
that showed a determination on the
part of the mother country to keep
her colonies entirely dependent on
England for all forms of manufacture
ed articles. Laws were enacted &c
prevent the colonies from manufac-
turing their own good raw materials
things indispensable for their own
use, and necessary to give employment
to those who have nothing to sell but
their own labor
Washington, Franklin. Jefferson
! and the revolutionary fathers, were
men who could see how utterly i'm
possible it would be for the American
, people to buy anything cheap from for
= eign countries that must be bought
S at the expense OF leaving our owl
: good raw materials unused and ou
n own laborers unemployed.
f Our constitution has declared tina
O congress shall have power to make al
l. laws that shall be necessary and prop
er, to lay and collect taxes. duties
r imports, excuses, to pay the debts AM
n provide for the common defenses am
q general welfare of these United
8 States. Also. Ito borrow money o.
q the credit of these United States.
!. It was by this constitutional powe
q vested in congress that all forms O
h treasury notes were issued and use
II as so many dollars of legal money o
n the country. At the close of the wa
# of the rebellion our government foun
IS itself encountered with promises t
d paw that which did not possess an
% could not command. only as tn
r amount could be drawn from the pet
n pie in some form of taxation. Tn
t, promise to pay should never hav
Is been made. 1t should have been
h. promise to receive instead of Il prom
"a Use to pay tokens Of debt which til
ID government has been compelled
\. pay out as money in it's struggle fo
IT the nations life. 1t was a currenc
e that had proved itself, as Presidel
u. Grant had declared it to be, 1.-The bes
IS money that our country had ever p
W sessed. that there was 1
81 more of it in circulation that what
A. required for the dullest business Sc
-, | con IF the wear
is These facts being established by
or condition of unsurpassed nations
d, prosperity that prevailed througho'
m our whole country at the close OF
Id great and terrible war. After such
it.; demonstration of the strength, weai1
ne and power of nation. there was
I'll good reason for acts of legislatlt
ne avowedly to strengthen the credit OF
to nation that had carried on such w
Mt and obtained such a victory.
'st What must the American Peep
u think when they come to know and u
derstand that governmental poil