The anti-monopolist. [volume] (Saint Paul, Minn.) 1874-1878, 1877-05-03

w01O Cnolcu W all Grasses, save CQaC IN
the midst of the ruin inflicted upon farm
ers and manufacturers. and the insur-
rections of the populace, with out bread
and without employment, the tundholders
and tax>eaters profited."
In his financial History of En- gland,
Mr.. Doubleday says: The distress, ruin
and bankruptcy that took place. by reason
Of the relentless narrowing OF the cur>
rency, were universal, and extended to
all the interests Of land and trade"
Mr.. 6. G. Brodric says that by 1880
1.-THE descendants of freeholders, who
once sat as judges and legislators in the
courts of their own country, hundred or
township, had sunk into day.laborers,
but one degree removed from serfdom,
dependent on landlords for the humblest
dwellings and tor the security Of every
civil right"
Jean Baptiste Saye remarks that 1.-THE
privileged classes, toe public functionar-
les, the state~pensioners and the fund.-
holders profited by the enhancement in
the price of money, but it laid burden
upon the masses Of the people and upon
industry that SO rich and industrious a
nation alone could support
And after all the calamity and suffer-
ing did the nation reach cash payments
and metallic currency, as the financial
Canaan, after I'LL her wanderings in tue
| thorny wildern IS Of resumption? Not
at all in the sense which bullionists call
''honest money"-that is 'dollar for dol
lar, or pound for pound'-but in the
shan sense of an infnitesimal quantity of
gold for comparatively infinite quantity
1 of paper, insomuch that Sir John Lub>
book stated before the statistical society
that OF fl9.O0O,O0O, received into his
bank as deposits, in 1865. but little more
than one half Of one per cent was specie
and to day the number of paupers in the
city of London alone is reported to be
nearly one hundred thousand, while
twelve men, it is said. own one>half Of
the queendom.
1t is enough to give the philanthropis.
and true Republican the intensest heart
ache to see the government of this coun-
try, for which so much patriotic blood
has been shed, going the same downs
ward way that all other governments
have gone, to a moneyed and dominant
oligarchy, on the one hand, and on the
other an impoverished, crushed and
abject populance. To this sad bourne
the financial policy of the bullionists is
hurrying us with fearful speed All the
talk of "a hard moaey gold currency
in place of our present greenback one,
which President Grant, in his better
moments extolled as .'the best that has
ever been DEVISED" might as well be
spoken to the whistling winds. Its
tendency is to mislead and stultify; to
bewitch the public ear with the imagi-
nary clink OF gold, only to end in bitter
disappointment AS Stern says ola GER
tain religious creed, cit is a song in the
ears of the people while their pockets
are a. picking" 1t is all a myth, a
phantom, delusion, glittering dream,
never to be realized by the present
generation at least, and the visionary
dreamers of intelligence must know i:
in their wakeiul and luminous moments
All the gold coin in the world is hardly
sufficient for the necessary currency oil
any two great commercial nations, and
all are necessitated to use paper instead
Do the bullionists really think to COM
mand the wand of the old magician thai
turned whatever it touched into gold
and thus realize. their dazzling vision?
The Hon. David A. Wells, the grea,
cremationist, who advocates the burning
of S26, 900. 900 Of the peoples money
annually, speaks of'sthe worlds reservoir
of gold" but does not tell US where thi:
wonderful repository is to be found. and
leaves US as much in the dark concerning
it as we are OF the site of the garden d
the Hesperides with its golden apples
or the region Of the famous FL Dorado.
Neither Stanley nor Cameron, the mos
intrepid and dauntless ofliving explorer
makes any mention of such discovery
Wherever this remarkable reservoir il
located, all must admit it is not in thi
country with its immense gold-indebtcd
ness abroad. If it can be shown that tn,
government, over and above all it
enormous gold liabilities, can commant
and retain gold enough for currency
adequate to the necessities OF trade an,
business, then the great objection to al
enforced ,sDecie resumption, as al
. impractica bility and lunacy, will b
, done away, and there will remain cnl,
, the minor objections to metallic cur
rencv-its weight. its wear. its insecu
, rity from the perils Of robbers, specula
tors and gamblers. its fluctuations il
] value, as an article of traffic, and it.
| utter unadaptedness to the convenience
} and character OF a civilized people.
; But the currency reformers might b
; willing to waive all these little excep
+ tons for the qualification Of their hard
money friends, if they would show then
) honestly and kindly whence their har
/ money is TO come in a quantity suffi
) cient to make an adequate currency. A
, old receipt for cooking fish begins sensl
t bly,, ''frst catch the fish" So tn
, advocates OF q gold currency would d
! well first catch the gold-the gold-fs
! -or, at least. give information where
can be found. All that can be had, an
much more is wanted TO pour into tn
| yawning abyss of our foreign indebted
+ ness Itbelongs to European creditors
} and the country is virtually mortgages
: for its payment
: Alas! alas! A few more tightenin.
J coils OF contraction another and anothe
strangiing embrace of the crushin!
Dvthon and fhen the bitter end AM