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

II LIEU
For fiscal year ending June 3o,ls77 l2,463,5oo
Total s27.7e4.5s5
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 June 30, 1875 Ss2>s 42O
For fiscal year ending June 30, 1876 5,999 296
For fiscal year ending June 80, 1877 lO0o7,9S2
T tai 6ss
Total amount of national bank cir
culatiOn June 80. 1877, 1915, ,620,247.
Deduction from this amount green
backs now on deposit for the purpose
of retiring circulation, $13.93S. .S02,
leaves the national bank circulation
1901 ,671 ,445.
Now, the official statement made
Janv. l. 1915 showed that the amount
of national bank notes then in circuIa-
tion was $346, ,479,75e. To-day it is
1901 ,671 AS OR $s44 $685. LESS THAN
IT WAS A YEAR AND A HALF AGO. So
much for the national bank notes.
How is it as to greenbacks
The same official report just quoted
shows that from Jany. Ia, 1878, to
June 80, 1877, the amount of green
backs retired was Ss22, ,235, ,G68.
THIS MAKES A GRAND TOTAL OF
$67 .043, ,979 OF CURRENCY DESTROYED
IN CN1. YEAR AND Il 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 $44,l47,O72. Now it
amounts to 22,043. 1872 A decrease
of 500. .l04 $40. In lieu OF this silver
coin has been issued and one.half OF J
the same has found it's way to foreign
countries. This makes an additional
shrinkage in our currency of ten mil
lions more, which added to the pre-
vIous total brings the grand shrinkage
up TO nearly eighty millions Of doA
lars.
Is it any wonder business Ian
guishesl 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 People,
the great organ Of the farmers of
Iowa:
"COmbined capital has already OBJ
tanned full possession of every other
avenue Of industry. The whole trans
portation business Of the country is in
it's hands. Manufactures exist simply
, at it's will. No poor man can now
enter into competition in any branch
Of manufactures with these large cor
poratiOns. 1t has already it's mort
cages on three-fourths Of the farms
; ; of the west,a ,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 it's value is the next log
2 ical step, and the Times points out
2 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 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 squan-
dered the fruits Of their labors in the
dissipatiOns of the capital. The revO-
G luton changed all that. The rapa-
. .cious barons perished by the gui,lo-
!, tine, or fled the country. Their
, estates were confiscated; 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 annihilation. 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 coqn-
try to-day. t.a5 = ,.fs4f..sg
Is there not a lesson for us in all
this |! Might not the money lords
( themselves hesitate, before pressing
g their claims too far! History abounds
, in similar example, and they are not
wise to tempt fate. Let them mode
rate their aims: relax their sordid
3 grip on the Industries Of the country
I 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
e the ballot-box. and if they permit
d themselves again to be deceived by
aparty whose chief organ thus conn-
Il 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
K ther."