The anti-monopolist. [volume] (Saint Paul, Minn.) 1874-1878, 1877-06-07
into reconciliation of it, by their
own people.

M
A misapprehension may be men
tioncsd and it is Misrepresentation
Alaska to Florida. ''That the supply
of money doubled, would double the
prices of commodities. The late re-
bellion occasioned a great advance IN
the price of commodities and prop
critics. and these prices were attained
before the increased issue OF the ma
tional greenback currency. The issue
of greenbacks had nothing to do with
the advance in prices, On the con-
trary. the increase in the supply OF
money stimulated production, and
reduced prices by competition. Eng
land. France, and Germany, denser
populations than the United States,
with more money, per capita, ana
larger Accommodations. find employ
ment for their laboring arms at less
per day than we, and deliver TO us
their productions at less cost than we
can produce the same articles, while
the cost of living in those countries is
less than in the United States.
Are there any who can cry against
imitation in England, Germany and
France!
Are there any who can deny that
these nations have much more money,
per capita, than we have!
Are there any who deny that the
rate of interest in these countries is
less than in the United States!
Does not this alone prove more
liberal supply of money!
They who declare that to double our
money would double our property val
ues. forget themselves, and lose sight
of one important consideration, to Wit:
That generous supply OF money to a
people stimulates them into activity.
and activity means Increased enter
prises. the increased enterprises
means competition and competition
means production at the lowest living
rate means fair supply to fight the
world, Just as England has been doing
by furnishing to her producing classes,
money at three per cent. per annum
for more than a hundred years, and
grown to be the greatest manufacture
ing nation on the globe.
The money of a nation is the symbol
of it's power. the measure Ofits wealth.
the vitalizing, circulating medium
which. like the blood in human organ
isms, builds up the bones and
strengthens the tissues.
Is it wise for a nation to put limit
upon it's power, or to retard It's posi-
bic achievements! Can people have
too much strength, too much prosper
ity. too much honorable and happy
employmentl Shall not the nation be
constant to itself.
STOP THE MONEY DRAIN.
The general productiveness of the
domestic industry ola country, Deepen
ding, as it does, upon the general ETH
cheney of it's labOring arms, IS matter
which concerns the State, lnasmuch
that. if industry be not encouraged
upheld. and stimulated, it will not be
come generally efficient; or, II efficient
and unsupported by friendly legisla
ton. will cease to remain so.
The labor of England is kept IN
higher degree of efficiency than IN any
other country. because OF the wise pol
lev of England. first. in the provision
of money at low rate of interest, ant
second. the mastery activity OF tn
Government to provide markets TO
her productions.
What England lacks in natural re
| sources and supply is more than com
, pensated by the activity OF her people
the wisdom of her legislature, and TIL
{ diplomacy of her statesmen. A condl
= ton of superior natural productlvenes
| should be esteemed the most import
2 ant adjunct to national success.
| This the United States possesses t
The cnndl no
Y which enables a people to purchase tn
t row material, and turn it into superb
: manufactures, is attained by consl
e mate study and the most rigorous al
pliances of art. This is the status {
which England proudly boasts.
l. The latter condition is the resu
e of the operations of mind over matter
e The first is the condition incident
f prolific natural productions. depen'
e ing more upon the employment OF mu
Gle than mind.
d What we import from other coul
it tries is not inspiredIby any. tactics
V mutually in the exchange of comm
n dities. and never should be. since tt
y true science of government disallov
e it. In England it may be so. becau'
le I~EnGllSU 10 ftIC VI d ehesi N1 -
" which only more favored eountl
lie can produce.
l. Such is not the case with our ov
country. We. for instance. sell OF
IF wool and cotton. and largely impo
re the cloth and fabrics into which it
" made. virtually admitting that Englal
n is the more favored country for ma
IN ufacture. while we are the more fave
It. ed in producing the raw material.
at is for men of reflection III our count
m to determine if it be necessary. pr
e. dent. or wise policy for us to circul
ne scribe or limit our industrial energl
We to a simple production of the raw n
s. terials. instead of diversifying o
rs employments, and accomplishing +
he ourselves what we have too long pa
We other nations to do for US.
be England has set us an example viii
Dr. we have been too slow to follow. :
ur early as I749 England had reduced t
". rate of interest on loans to three
nd cent. per annum. At that early peri
We the Government had ascertained tt