The anti-monopolist. [volume] (Saint Paul, Minn.) 1874-1878, 1877-08-02

For fiscal year ending June 30. 1876 7.4l1,26O
For fiscal year ending June 30.lS77 IL, 463 500
Total S27,794,5s5
Upon the issue of the additional
bank circulation eighty per cent. Of
the legal tender notes have been re-
tired. as follows:
From January IA, 1875, to Iune 30 1875 ss2,s 42O
For fiscal year ending June 80, 1876 $500 296
For fiscal year ending June 80, 1877 lO007, 9S.
tai s22, 1856 SIS
Total amount OF national bank cir
culation June 80. 1877, 1915, 62O,247
| Deduction from this amount green
backs now on deposit for the purpose
of retiring circulation. $l3.93S.S02
leaves the national bank circulation
1901 81 AS.
| Now. the official statement made
Jany. |. 1915 showed that the amount
of national bank notes then in circuIa-
ton was 1916 .479,756. To-day it is
1901 GIL ,4f5 OR SD. SOS, 81 LESS THAN
| TT WAS A YEAR AND 4 HALE AGO. So
much for the national bank notes
How is it as to greenbacks
The same official report just quoted
shows that from Jany. Il. 1875, TO
June 80, 1877, the amount of green
backs retired was So, 2235 Cos.
THIS MAKES A GRAND TOTAL OF
is67 .o43 $40 OF CURRENCY DESTROYED
IN ON! YEAR AND i HALF.
These facts are derived from the Off
cial reports OF the government ITSELF
Look at another point:
Jany lst. 1876 the fractional cur
rency was $l4,l4.,0,2. Now il
amounts to 80 ,043.l3o. \ decrease
of So. l04 $40. In lieu OF this silver
coin has been issued and one.half OF
the same has found it's way to foreign
countries. This makes an additional
slrinhage in our currency of ten mil
lions more. which added to the pre-
vions total brings the grand shrinkage
up TO nearly eighty millions Of dol-
lars.
Is it any wonder business lam
cuisines Is it any wonder labor
starves!
And this process is to continue
We cannot do better than to close
this article by the following extract
from recent number Of The Peopie.
the great organ Of the farmers of
Iowa:
"Combined capital has already OBJ
tanned full possession Of every other
/ IF n
pOrtatiOn business of the country is i'm
its hands. Manufactures exist simply
) at its will. No poor man can now
. enter into competition in any branch
of manufactures with these large cor
poratlons. 1t has already its mort
cages on three-fourths Of the farms
/: of the west,and it has SO manipulated
| the currency that they can never be
paid. TO foreclOse these mortgages
and thus obtain possession of the land
at third of its value is the next log
: ical step, and the Iinles points out
9 how it is to be accomplished. Then
! comes the usual result. The monied
: lords will be able to control all legis-
lation, and the redemption of the
people will be forever impossible.
! Unless. indeed, the American people
| should emulate the example Of France.
;. and wade through a sea of blood to
their original freedom. Before the
revolution:the farmers of France were
all tenants at will. and subject to all
the exactions Of a nobility that sqnan-
dered the fruits Of their labors in the
designations Of the capital. The revO-
G luton changed AL that. The rapa-
, cious barons persisted by the gui,lo-
!, tine, or fled the country. Their
, estates were confscated; and put into
the hands Of the people, and to-day
: the farmers of France are the most
{ prosperous and contented part Of the
population. Their patriotism saved
the republic when Germany threaten
ed its anlihilation. They brought ont
their boards and saved the nation from
. bankruptcy when the war. was ended
: and their thrift is the real foundation
Of the present prosperity Of the coun-
try to-day.
Is there not a lesson for Us in Ill
: this Might not the money lords
: themselves hesitate, before pressing
: their claims too far History abonnds
; III similar example, and they are not
wise to tempt fate. Let them mode
, rate their aims: relax their sordid
: grip on the industries Of the country
or they may provoke a spirit which,
they cannot conquer. The people
= themselves must see the drift of all
= these movements, and be prepared to.
: defend their rights. They have yet
2 the ballot-box. and if they permit
d themselves again to be deceived by
party whose chief organ thus conn-
i sells their slavery. they richly deserve
. their fate. Let the next election act
:. as a warning to the politicians that
g this policy must be carried no fur
( ther.''