The anti-monopolist. [volume] (Saint Paul, Minn.) 1874-1878, 1877-06-07
The -Anti-AIonopo1ist.

| the holders of this class Of securities
of over $500, OOO,O 900,
SILVER DEMONETIZED.
Again. when these shrewd tinancl-
ers saw that the product OF silver
from our mines was likely to be largely
increased, they waited upon the other
agent. the Comptroller of the Cur
rency. and directed him to recon-
mend to Congress the demonstration
Of silver. In obedience thereto, Con-
gress, in 1873, enacted that 25.8 grains
of standard gold should be the unit OF
value, and prohibited the coinage OF
the silver dollar of 4l2 IL grains OF
standard silver, which had been the
unit of value and legal tender with
out limit from 1872 to the date OF the
passage of the act last named. The
practical effect of this perfdious act
will be not only to impose hundreds OF
millions of dollars additional burden
on the taxpayers, but to render 1T
impossible to pay the public debt.
But it is claimed by these shrewd
financiers and their retainers in and
out of official position, that all these
subsidies, and privileges are due to
the so called capitalists for their
patriotic devotion to the Government
| during the late war; than which moth
| ing can be further from truth, for
| this impudent claim has no foundation
| in fact or equity. At the commence
ment of our late troubles, or just
before the credit Of the Government
was affected thereby, the national
securities bearing per cent. were at
a premium of 20 per cent. Now 1t
will be admitted that il these self
| STYLED patriotic capitalists had come
forward and take all the Government
bonds bearing per cent. at this rate.
they would have suffered no loss by
the war. and would have only per-
formed their reasonable duty to the
Government. But they were innocent
of any such patriotic folly. They
waited-indeed. the gold gamblers of
Wall street
MADE WAR ON THE CREDIT OF THE
GOVERNMENT
until they were enable to purchase
this class of bondsiat an average OF
sixty cents on the dollar in coin.
Now. calculation ON this basis will
show that if these so-called capitalists
had been content to have neither
increased their gains nor suffered loss
by the national calamity, the paymen-
is made to them as interest, with that
portion of the principal that has been
paid. would have discharged every
dollar of the national debt prior to
the 4th of July last. And had we but
adopted wise and just financial policy
we should have entered upon the
second century of our national exist
ence a united. free and prosperous
people, and not as we have-a divided
discordant and debtburdened nation.
To meet the last demand of the ban
kers and usurers it is only necessary
to carry into effect that provision OF
law providing for resumption OF specie
payments on the lst Of January 1879,
which provides for the redemption
and cancellation of all legal tenders
then in circulation. This done, the
bankers and their allies will have
absolute control of the finances and
> currency of the nation, which is all
that is needed to make them masters
of the situation. with power to reduce
the industrial classes to a state OF
practical slavery. TO establish the
existing money oligarchy for at least
four years to come. it only remains
for the President elect to place at the
head of the Treasury Department &
man committed to the policy OF the
; bankers and usurers and to select fOl
: his Cabinet councillors. or at least /
majority of them. men known to favor
!. the policy of the money power a
: home and abroad.
: THE CHURCH PROSTITCTED
:, This same power has grossly decor
:. we'd or corrupted our religious teach
), ers, for not being able nationally t.
account for the great inequalities 0
: wealth and condition existing in socl
: ETY.. and being expected to furnish
;. satisfactory explanation in some way
> they tell the people that these grea
wrongs are providential; that they ar
the mysterious workings of the prov
= idence of God; that all these evils ar
= controlled by His power and good
ness.
y 4 more false and impious charg
: was never uttered: for usury. tn
II principle upon which these unjust an
oppressive monetary laws are founde
is forbidden, censured. and condemne
equally with slavery and robbery. an
:, those who practice it anathematize
! by the word of inspired truth frol
: the beginning of Genesis to the end c
:, Revelations. 1t is the source of mos
= of the vices and animosities of society
= "A standard that deprives producer
- of what justly belongs to them an
!, bestowes on non producers what doe
:; not belong TO them cannot fail to co
= rupt society in all its branches" (Se
=, Exodus xxi. 25: Leviticus XIV. 81. 81
= and 81: also 44.45. and 49,: Deuteron,
~ my xiii. 10. and %: Nehemiah ,
u Psalms XIV. 5; Ezekiel xviii. an
% XIII
>, The term usury as now understoo
means illegal interest or a greater raj
: than is authorized by statutory Law
= but in the Scriptures it signified an
- rate. however small. The Jews wer
prohibited from demanding or rece
'e wing any consideration from one c
:; their own nation for the loan ,
- money. but were permitted to tai