The anti-monopolist. [volume] (Saint Paul, Minn.) 1874-1878, 1877-10-25

RESUMPTION.

RESUMPTION.
The act of January IA, 1875, author
lied the secretary of the treasury.
First-To redeem all the fractional
currency in silver coin.
Second-To REDEEM all the green
back legal-tenders in excess of $780,
900, 900 as fast as national bank cur
rency should be issued in the place of
it at the rate of $50 of greenbacks
redeemed for every $l00 of currency
issued.
IHird-To REDEEM from and af-
ter Jan. |. 1879, all the balance Of the
greenbacks.
There are those who claim that un
der this act the greenbacks are to be
reissued after they are redeemed, and
that the effect Of the law will only be
to bring greenbacks up to par with
gold without diminishing the volume
of the circulation.
Does any one pretend that the gov
eminent can legally reissue the frac-
tional currency, or that it was intend
ed to be reissued after redeemed!
Does any one claim that the excess
of $500, 600, 900 can be, or was intended
to be reissued after being 3redeemed
under the law!
There is Just the same authority to
reissue the fractional currency, and
the excess of $500, 100000, that there
is to reissue the $500, 100000 or any
portion of it.
In each case the same final DISPOSE
ton of the redeemed currency is to be
IL \ lo hn q
word redeemed is used and even
the friends of that act, while they do
not admit the fact. are careful not to
deny it.
There is great, big cat under this
meal.
Before the passage of this act, the
currency of the country was limited
to 500, 100000 of paper.
This act, after providing for the
wiping out of the last legal-teuder pa
per dollar, even the fractional cur.
, rency, opens the door wide and au.
thorizes national bank currency to be
!, issued in unlimited and unrestricted
, quantities.
, Will farmers. manufacturers and
wealth producers, everywhere, study
WIG SAesAN AOODCAy SOAAooSAON
, in this most Infamous law!
/ Every dollar of greenbacks retired
+ gives them a bond worth $1.1O, ant
: while it deprives industry of its very
lifts blood, it increases its burden O.
!, interest and depreciates all propert.
: values and prices of labor to conform
r to the diminished volume of money
In 1879, the country will be destitute
of money. Business of all kinds viii
Y be dead, dead, dead!
: Farms will not sell for one-half tn
price of the mortgages.
s The most terrible times will be uI
e on us.
s We call the present. times hard, bu
e compared to what we shall then see
: these are times of prosperity. TIL
% banks will be compelled to call in thei
s. circulation, for there will be no gol
with which to meet their payments.
e The times and the necessity wi
e call for another act of SUSPENSION
II This will be absolutely necessary an
It no power can prevent 1t.
s; 4 simple act of suspension, afte
It the greenbacks shall have been a
e converted into bonds, will enable tn
bondholders to have created for then
5e and for their individual. untaxed an
i'd sole benefit, an unlimited amount G
" good legal-tender national bank GU
e. rency.
lie Thus they willnot only havelall tn
n greenback issue sailed down in bono
drawing interest which the poop
d. must pay, but they will have an equ;
e. amount free of cost and untaxed, wit
Mt which to buy up the fragments al
b. wrecks of deprecated property a
RI over the land. and to loan out to sue
D. fortunate ones as may have survive
81 the storm and saved enough to hyp
Mt thecate as collateral security.
ed We call upon voters. laboring nj
ILL and producers all over the country
N. rally to the rescue, and avert the c
ty lamlty which is overwhelming US.
OIL Forget party and partisan assocl
or tons.
lis Rally en- mdsse irrespective of cree
d. color or previous condition of Ser'
lg, tude.
nd Call up your representative in CO
to CESS and swear him anew. Conn
of him TO take the greenback oath Or ]
in sign.
int Demand of him to repeal the bar
Ak ing law, the Redemption Act, and
on vote for reissue of greenbacks wi
ley which to pay off the bonds. Give b
rd- to understand that if he proves
ual creant to his trust, misrepresents t
900 will of those who clothed him wi
no. legislative authority, or yields one
of ia to the influence of the brides of
ley bankers association, HIS NE(