The anti-monopolist. [volume] (Saint Paul, Minn.) 1874-1878, 1877-06-14


happiest when somebody else is mis-
cradle. Blaineis the politician Of the
, two, and, thanks to his fathers blood,
Ewing is the statesmen.
In coming in contact with prOml-
nent men, I find them turning
| instinctively to Ewing as a man who
, is to stand at the front OF the Dem
ocracy in the next House and bear the
brunt of the battle He enters the
| House with the prestige of great
name and the sTenown OF man OF
! great talents as a debater and ruler
( of men. There will be much jealousy |
! toward him as a new man, and more
: prejudice against him because Of his
: we'll known views on the financial
r questions, but these are obstacles that
i. cannot prevent him from asserting
: his position to which his destiny, his
| character and his talents have called
8 him. Tom Ewing will be giant and
/. tower of strength to the Democracy
q in the next House.
s THE FINANCIAL QUESTION.
e COrrespOndent-Ge what imam
e cial legislation, if any, do you deem
y necessary at the approaching session!
k General Ewing-Legislation that
k will lead to the restoration Of the old
" silver dollar, unlimited as to amount,
It and of free coinage is an imperative
e necessity. 10 this measure the Demo
; Gratis of the Honse should commit
s themselves fat footed until consuma-
n ted.
g Correspondent-Wh about the
4 Resumption Law!
d General-The Resumption Law
% should be repealed at once, and law
II passed providing for the exchange Of
n coin bonds for greenbacks. Then
N issue bonds bearing such rate OF inter-
ut est as will bring them in market to a
r. par average with the gold and silver
d, currency of the country, greenbacks
IN to be exchangeable for these bonds on
d. demand of the holder. Let me ex-
is plain. If silver is worth 81 and gold
as lO3, let the bonds bear such interest
ey as will make par value between the
ty two metals. This would make green
TO- backs redeemable in the average
market value of the two coins. This
would be neither imitation nor con
traction. It would establish cur.
rencyregulated solely by the business
es- of the country.
Sherman has always aimed to redeem
he greenbacks with coin bonds, and no
,er in gold. That is, he advocates the
De- exchange of an Understanding debt
Y l for non interest bearing debt, thu
cir adding to the public burden. How
We can he object to the converse OF hi
proposition, that is, the exchange OF
an non-interest bearing debt, for al
on Understanding bebt, thus lessenine
as the public burden, unless his ain
ed really is that every change in the pre-
he sent situation shall result in increa
Ige sing the bonded debt instead of di
me minishing it!
lie THE NATIONAL BANKS.
correspondence l hav
Try noticed at Washington strong delegf
UNI lions and Hobbies at National Banker
or who are crying out against the oppre
to siOns of the present laws on the poo
led banker. They will be in Washingto
ing again. Are you in favor Of dom
len something for theml
on, General-They seem to be dissatis
eft fed with existing laws. For ever
,ty. 800 of circulation they are require
) at to deposit 800 in National bond:
ced They want ten per cent.Of these bond
sac released. Let their circulation be n
nan tired, and an equal amount OF gree
INT, backs issued by the Government
ess. replace it, have them free fro
'm. Federal taxation, and subject to sue
llrd taxation as the States impose on banl
Iom of exchange and deposit.
not Correspondent-Wh would be tt
and result of this!
boy General--The result would be tn
rth- the Government would issue
nee moneys, paper and metallic, in SUI
Vest quantities as the business of the cOu
lnty try would demand.
nta- Correspondence is it that
'ess. many banks are closing up if bankil
wing is profitable!
lent General-Don't you know why tn
one are closing! They have got too mu
pson resumption. They are closing becau
her their customers are broken up. Z
an a banks are gagged with their 0,
+ on physic. They are loaded down to t
her guards with bad paper that men ,owi
Des to the stress of the times, cam
Their redeem.
e he THE TARIFF.
his Correspondent-General, what Il
islatiOn do you think necessary
be- the tariff!
III of General believe in reducing
'field amount of revenue required to
and lowest standard, by economical regu
natl. ton, and raising no surplus reven
lren, for the present to go to the Sink
dren Fund. Since the war there has bt
will place in the Sinking Fund seve
hundred millions more than the
Judge creating the Sinking Fund authoriz
live Let us stop taxing the present gene
sides ton for the Sinking Fund until I
re to surplus accumulation has been TAX
new up, and until the industries OF
! are countries have revived. Take off
and duties on all articles. consumed
aised rich and Door alike. Such duties
over a per CAPITA tax. which is Forbid
ill-to- by the Constitution and the spirit
John our government. Put a stiff gra
fact, ate tax on incomes. saw over S2,(