The anti-monopolist. [volume] (Saint Paul, Minn.) 1874-1878, 1877-11-22


so as to double their own wealth and
double the weight of our. national
debt, leading our obsolete fnanciers,
wise IN their own conceit, a FOOLS
chase after
THAT WILL OF THE WISP COIN BASIS.
They have destroyed the value of all
property in order to take ADVANTAGE of
the crisis and sweep most of it into
their own Golfers. Meanwhile capi-
tai lies idle, business is at standstill
and Workmen starve. If the plot is
allowed to work itself out to its last
result, it will end in pauperizing CAP.
ltal Itself. Let the present course be
followed further, and even if suffer-
ing men lie down and die like uncom-
planning lambs, capital will die also
by its own suicide. We must break
this business and money vassalage to
London Founding our currency on
the credit of the government, making
1T OF paper, and letting it have no val
ee outside our borders, except what
the credit of the government gives it.
will go far to break the chain. And
this form Of currency, furnished by
the government itself, while the ma
tional Banks are limited to being only
banks OF discount, with no authority
to issue bills, will go far to curb the
tyrrany of our domestic despots.
Men call this theory of paper money
delusion and fanaticism.
What ii fanaticism!
It's enthusiasm, binding judgment.
1t is prejudice, obstinately climbing
to theories in spite of facts that dis.
prove them. Let me ask, then, who
to-day are the fanatics, Judging by
this rule!
LOOL AT FACTS THE WORLD OVER.
Whenever during the last century.
any one of our great nations has seen
its existence threatened by civil war
or foreign assault, instantly that ma
ton has run to the shelter of paper
currency, and generally been thus en-
abled to ride out the storm. This is
fact not dream. Does it prove that
paper money is necessarily ruin and
shipwreck! Does it not rather look
as If paper currency had some quality
in it that called forth to the last dol |
;ar the resources of the people and so
stimulated their energies that they
could avail themselves of all their
possible and hidden power! When a
man strips to fight for hiu life, he
throws off everything that can Grip
pie or lessen his power, he puts him
self in the condition and posture to do
his best. When the nation girds her
self for a last desperate struggle for
what does history tell us
she has uniformly done! History tells
us that a nation in such extremity.
has uniformly thrown off every in
stopped every drain on
ler resources, stimulated every pos
'ible power of production, economical
I'll her means. and guaaded herself as
carefully us possible from all foreign
Interference with her business pros
oerity. How has she secured and eff
sected all this9 History answers,
BY RESORTING TO A PAPER CURRENCY.
Shall we not profit by this experience.
throwing away teeory and alutching
It the wisdom which the exigency Of
mr. late civil war taught us!
Look again at facts: /
Germany hugs the coin delusion. .
he has just conquered France and
arrled home in coin. or its equiva-
ent. ST. 100000, 900, wrung from her
'lctim. Is she prosperous, overflow
ug with wealth, her artisans at work,
nd her cities vocal with the hum of {
nsy and contented menl No! she
Fades through slough of bankruptcy
starving mobs kept quiet by the
ayonet and property wholly value
aSs IN her market because mems con- :
dence in their country and each 9TH
r IS all gone. England sits proudly
y on gold. Is she fattening at her
ase! Noa She breads to send SOL
Ter off the island for fear of her ,
wd workmen, Her mills are idle, /
er commerce decaying. Bankruptcy I
tares her in the face. Few living i
len have ever seen snch depression
trade--such distress among her :
Torking classes, such shaking of knees i
mong the capitalists. We are strug- I
ling to get back to the coin foolery. G
need not tell any man our condition.
len fear to paint it in its true color, :
LEST 1T DRIVE LABOR MAD, 7
nd crush all hope in the hearts of fl
nose who have something still hid b
bank vaults. and flatter themselves
nat better times will come some dav
nd cure their wounds. But is God
eadt Have seed time and harvest
iled! Has the hand of man lost its F
lnning! Does this blight cover the
hole world! No; there is a nation
hich merciless foe has Just tram b
led in the dust; eating up and carry
lg off it's garnereds wealth. .Exhaus- Y
ID with this foreign drain. civil war =
eating out her strength. Angry +,
arties stand ready to fly at each 9TH
IS threats. BY all the rules that u
Dsolete political economy PIRATES and 70
abbles about, the people of such "a
ltion ought to be starving. Her ::
lips idle, her granaries empty. her
ade annihilated. Not So. That ma
on is France. France has Just paid th
ffering Germany 81 200. 900 900. Her o
lief cities have been sacked and -
Inundated by defeat. torn
! civil dissentions. She laughs in
lille all the rest of Christendom wade In
rough g
THE MIRE CT BANKRUPTCY of
err ships are full busy, and what lit at