The anti-monopolist. [volume] (Saint Paul, Minn.) 1874-1878, 1877-07-19
A DISCUSSION.

tiDIc dIlu IEIuucuCldl JOuIudIs WI111C kO
is fifty years behind the age on many |
questions. and encased in a solid ar.
NOR of prejudice and selfconceit, it |
nevertheless reaches and, controls |
many minds. We are glad to observe |
that the logic Of events is driving. it
to some consideration Of the financial
question. It was the philosopher
Locke who remarked, that che did
not write q work on the human under
standing because he knew more of the
subject than other men; but he knew
more Of it than other men because he
had written work on the subject
We hope that the Pioneer Press, in en-
Tightening it's subscribers onthe finan-
cial question, will gradually enlignten
itself.
The other day q correspondent, ad-
dressed it from Saltwater and said:-
Being constant reader of your daily paper
for about six years, | feel at liberty, from an
old acquaintance with you, to address you
few lines on a question of interest to ALL
have always enjoyed the outspoken senti-
ments of your paper, whether agreed with
them or not | believe the independence OF
your paper has much to do with it's populari-
| ty no matter how little sincerity. one may
possess, all admire candor in others. Yet
there is one subject which many feel you
have not treated with that honest reasoning
YOU have almost all other subjects; mean
the issue of the day-greenbacks VS.. single
standard resumption. The day has gone by
when this question can be met by sarcasm
and ridicule. When this ghost, like Banquo's 8
sswill not down" and justice to your readers
as well as your own interest demands SINGER
ity and reason, and the cry OF rag baby
and such like terms have lost their force with
| the people and a paper of the acknowledged
ability OF the Pioneer-Press weakens its in11u-
ence by using such satire, and although DON
| nelly is an incubus, yet sarcasm will not pass
| always for argument.
Now, for the benefit of many Of your read
ers, will you give us a plan of resumption
(the resumption act being very vague III de-
tail, almost every one has plan OF his OWN
| Having always advocated resumption, you
no doubt, have detailed plan, of " hich your
readers are ignorant. DO yOu indOrse the
borrowing of gold sufficient to issue circu-
latior. ONT II so how much will it take, al
lowing sufficient amount per capita to trans
act the business OF the country, and what dt
Why is the secretary OF the treasury bor-
rowing gold, part of which lby your paper) i!
laid up tor resumption, while he is at tht
same time ordering gold in New York? Wha
will prevent gold gamblers drawing out TIN
gold by legitimate measures thus leaving u
worse off than before we borrowed) when /
has been and is being done illegitlnately al
the while? If we adopt the single gold stand
ard with the other nations, what amount pc
capita do you think it would give (you know
about the number of inhabitants and tn
, amount OF gold)?
| Why if the nation is to resume specie pay
ment Is it that there is no increase OF gold Il
the treasury Tor If any, only nominaI) sine
"Black Friday?"
, These are some OF the things we want
know. do not discuss these questions nOV
f sure you that the way this matter has bee
placed before the public is not satisfactory
s thousands.
: The perturbation Of the republican party 0
this single standard issue, as shown by il
: leaders in Iowa and almost everywhere ell:
< shows that it must be met.
Resumption has beon clothed in gitterin
generalitles while sophistry has twined it wit
!. garlands, making it to the many, very plea
a ant to look at, but is there not some paddir
and pumping and shading which, if remo'
{ ed and the natural form exhibited, would vel
much spoil the beautiful picture SO admlrab
painted in Wall street.
Now in looking for light cart thou he tn
n should come or look we for another"
II Expecting this to be treated with your usu
: courtesy, wait for reply. SALTWATER
Il This individual has got some glimpse
e of light upon the issues to which
. refers, but the depths of his intelle'
:, are still in cimmerian darkness. 1t
= amusing, after we have prodded hi
y into thinking, to find him cavalierl
. referring to us as an ''i1acubus.
L But let us see what the Pionesr-Pre
- has to say in reply.
h To all of which we reply that we have
= particular plan for resumption, which is
OF Question OF detail in the application Of
i'd principle while we are chiefly concerned wi
the principle itself, and are content to lea
:. the mode of its application, which is a secO
- dary consideration to prudent business IN
10 in congress- and in the executive departme
e. Ofthe government
ne Now both these ignOramuses see
Ve to be ignorant Of the fact that there
- fixed and precise plan Of resumpti
- :, upon the books, embraced in me-
~ ure known as 'sthe Resumption Act
~ and that this law is now being rigid
executed. prudent business me-
have nothing to do with it. That |;
~ provides how resumption shall be
IN complished:-
on I. By wiping out all the greenbac'
tn II. By substituting in their pls
TO national bonds, bearing interest.
n III BY using $4,000, ,OOO, 900 Of tn
NC bonds to purchase gold and make it
:. = to gold coin.
w. By issuing on about $50, 600,