The anti-monopolist. [volume] (Saint Paul, Minn.) 1874-1878, 1877-06-14
The Ant1-Monopo1ist.

0e>LLo6 49,
gold. and something must be done TO
make it such or equal to it! Well now,
how will you do it! / answer, it this
is so desirable. or. if this is a sine qua
non, (of which may say more mere
after, )you can never do it by any mere
statutory edict. When we have tnaI
prosperity in trade which all should
labor for; when we so work in our own
borders as to restore that humbug IN
the estimate of the chairman OF the
committee, Mr.. Sherman. the bal
ance of trade, permanently, or Tor q
time. in our favor, then the grand fact
las our friends esteem it, is accomplish
ed. by laws natural enough, by all we'll
understood, and more effectually than
all the laws we could pass on the sub
ject, if we made one every day Tor
years. You cannot add to the volume
of gold except by discoveries, and TO
attempt to force specie payments and
give us gold currency you would not
have, as has been said, sufficient to run
a respectable peanut stand IN eacn
state in the Union e-
But, you ask, am opposed to specie
payments! O, no. Far from it.
would be glad if we could reach this
end to-day or tomorrow just as soon
as you please. But beg you not to
force it by law. The ''terms Of the
bond'' do not require it. A declara-
ton of the statute to this effect will
avail but little without the ability to
keep it up. You cannot do this, even
if you start, in my humble judgement,
with the balance of trade against us.
For however much it may be decrled
as humbug, there is nothing truer
than the language Of the president IN
his last annual message, when he said:
ga specie basis cannot be reached
and maintained until our exports, ex-
elusive of gold, pay for our imports,
interest due abroad, and other specie
obligations.
Without this, national as well as in
dividual bankruptcy must ensue.
And repeat that this balance in our
favor, if once we get it, must be kept
up if we would maintain such payment.
If not, the experiment will be most
miserable failure-yea worse than a
failure.
| Mr.. President, a word more and |
have done. We are told that every
where the cry is coming up for return
to specie payments, and protesting
against an increase of the currency.
This may be true as to hoarders OF
money, those upon whom fortune has
smiled, and who would gladly welcome
| 4ho cd III f;oY, ,,,o Ioh lv n oOn0p tn their
laughing exchequers. 1t may be so
for. the east; but beg our friends not
to mistake the sentiment of the grow.
ing and now burdened west. | beg
them also to remember that on this
as on all questions we must do justice
to all sections as far as possible. /
would not knowingly do an act to haz.
ard the development OF prosperity
of this fair land. And this must be-
lieve, is the sentiment of every sena.
tor on this floor. But let us pause be.
fore we act-before we inflict blow
which may prove disastrous to any
TO our friends from the states long
settled, with their institutions fixed.
not surrounded by all the vicissitudes
trials, and uncertainties of a new land
may l not appeal to carefully consider
before they SO legislate as tomake the
rich richer and the poor poorer! Fol
say to them in no sectional spirit
and certainly with no thought Of max
ing comparison in the least invidi
Gus, referring to the empire stretching
. to the '.golden shores of the peaceful
sea on the west," that, in the Language
of Mr.. Webster. mo one can appre
ciate his responsibility as a legislator
nor the magnitude Of his country, I'm
til he leaves his New England hom
and sees something of this grand EN-
pre- And may l be pardoned TO
adding, in the language of another. an
, in the same spirit, that truly lit is
! majestic region. It's people belong t
. the nobility of mankind. Its destin
? is to rule the world. Its triumph
:, when it comes, will be complete. It
!. opportunity is not far in the future
. The west is to be the dictator of tn
: republic" It's sway shall be as bent
: ficent and just as it's people are nobl
and their possibilities infinite.