The anti-monopolist. [volume] (Saint Paul, Minn.) 1874-1878, 1877-11-01
THE PENDING ISSUEN.
Abstract of MIR. Banning's Speech at Min.
neapolis, Friday Evening, Octo-
Der 10Th, 1877.

BEFORE urging your respectful attenti
to the arguments belonging to discussi'
s like this, allow me few moments of DC
s sonal explanation.
;, How it came about I myself am at 10
, to understand. But it so happens that
L am placed before the people Of this Sta
| IN an attitude which gives me. the priv
iege, and makes it my duty, with all tt
frankness due to honest dealing amor
men, to vlndicate my views and fully r
5 spond to the confidence implied py tn
unusually generous selection On the pa
OF the citizens of the State
notice in some of the newspapers tn;
am charged with having been republ
can, and that have recently come into tn
democratic party, through sort of deatf
bed repentance, and do not deserve to b
saved from the utter humiliation that no,
hungrlly waits to swallow the republican
administration at Washington-with tn
unwlse policies and weak men who hav
administered them.
On this point desire to say that hav
never voted republican party ticket sine
the financial policy of the government wa
disclosed after the war
In 1873 thought clearly foresaw tina
the bad policy then adopted would
surely produce as the results, financial dis
aster, taxation, and all the ills that belong
to a reckless financial policy
Thus, leaving the republican party, !
sought shelter under the sound patriotic
principles and measures, that are being
enunciated by democrats, and wise men
VINO seem to be joining in common pro-
test, against the further continuance of
the plans, practices, and policies, of an
administration vrh inb low, L - i
10 0rlng the disasters upon the country
under which we all are suffering. INF
bannlng's views on the financial question
are omitted here as they are published in
nus circular letter in this ISSUE
Well this financial policy. and this
money interest, combining to accumula-
tlons and exerting its power, has pro-
ouced even sooner than was anticipated
Its natural results
1t has taken but seven brief wears. TO
fulfill the predictions made by many of the
wise, honest, and thinking men of the
country
BUSINESS is paralyzed, values depreciat-
ed In the United States more than ten
thousand millions of dollars, manufacto-
res ana other industrial interests stopped.
bankruptcy and ruin in all directions.
Enforced ldleness has demoralized a
arge part of the producing population of
ne country. Three millions of men are
'ut OF employment, and want, rags
ma beggary is fast becoming the condi-
ION OF many thousands in nearly all sec
ions of the land.
ana what, alas, is the remedy proposed
y tnOse from whose selfish and wicked
'oilcles came these dire cOnseuuencesp
lrengthen the government, increase the
landing army, keep society still and with
ne Dayonet enforce subsection to the con-
nuance or these policies, as we'll as the
'lpJugatlon of thought and action, and
nus hold back the thoughts and still the
ulses OF the hearts of men, and make So
le'y machine that shall be held in place
Y coercion
mere is no conflict between labor and ,
ipltal-that is, there is no conflict he +
Veen the labor and capital that Joins and
ehds together for the right develope. s
ent or the Industries and business mr. +
ITS of the country. :
but there does come from this unity of 7
Dor and capital direct antagonism and a y
instant and burning protest against the h
10 ana naked money power that. dav bv $
y grows stronger, and which by sort b
Criinlnal and lnceStuOus intercourse acts n
"a breeds upon itself to make the mon O
'r' that preys up mankind, a foe alike O
heaven and th1 human race. "
The trouble IL this country is not in II
er pr duction. 1t is not that the earth "
slds too much. There are no surnlns /;
ITS in nature, when all the wants of s.
Dse God intended to use them are sr
htly satisfied. The trouble is-the
ong and ruin is-that the laws of distri- n,
ton, the fair and just apportionment of eli
fruits intended for all, by unwise pol ar
es are gathered in and monopolized bv tb
lew. Hence it is that the wall now IA
mes from the labCring classes, from des til
TED homes and broken hearts, and ah
'aklng, says: eff there is, if such a CO
ng IL possible in the inscrutable ways
providence, If it has come to pass. that he
re Is contract between the money fe
yer and labor" Then labor saws: no
axe your pound of flesh, but do not an
so near the heart, for we are bleed of
hat matters it to the poor man. with CO..
sufferlng family round him, that the wi
ntry Is nlied with luxurious palaces. ex,
homes, and some have so much. fo,
ne products of art, the beauties of
civilization, aud all the things that bill
rate the mind and fill tine heart with dis
plness, are nothing to the man strug- W.T.
g with his life's foe-poverty. rio
he feecy clouds you see, and that look MIA
eauti1ul, to him are rags that cover or
nakedness of the sky, and all is rust 9th
~ ana want about him. He has al, tnr
y parted with tor bread the money he die
10 nave used to buy bread for his chill fin,
J, ana now he is out of bread. You rigl
MN dollar day-harClly enoueh VIII
us absolute necessities. You striSe han
wages down to eighty cents. He STAG
under this last blow-refnses 70 -
:. You hire another man. and Won eI
ms Is Justided by the law of econonv ior.
|, well, be it so; but don't Won SOC IN !.
men are In the water drowninp-von an
N the land. You bargain with 1bess .
sgling mortals, which will pive ro" ing
for saving him, and thus Won 500 uan
lie by making him your slave No. 'het
u think this right, and should he 90 anu
your heart has withered and the I;ah Snai
our understanding has gone out sac
}, no, no! There should be no s,c, II
as this-there should be No 70 ti
men in the water, no such huckster VINO
e land, to bargain for their lives and '"u =.
There is enough for each and all.