The anti-monopolist. [volume] (Saint Paul, Minn.) 1874-1878, 1877-06-07
SHALL WE AGAIN BE A BRITISH DE-
PENDENCY2

From the Chicago Journal OF Commerce.
The annexed timely presentation OF
a vital subject we clip from a neat
phamphlet entitled ''The Money Cues
ton" by Henry S. Fitch, San Fran
CISCO, Cal.
1t is reply to a series OF nine ques-
lions propOunded by Hon: Jom II.
Jones, Chairman Of the United States
Monetary Commission, and is remark
able for fullness of statement, accura-
cy Of logic, terseness OF expression
and generally correct conclusions.
We say generally correct conclusions
as the writer theories relative to the
barter value are not cOincldent with
our own, which are in accord with
those of Aristotle that ''Money is the
creature Of law" but his active cOnnec-
gEaion with the mining interests may
ias Ills Judgment without in the least
II narrf11u HIS conscientious truthful
N Es He says:
I'M It3tnFAr the conditions OF Otner
- t76ns, Imglish diplomacy and imam
SF1 nj ratVrv is ever set to make them,
bcfspv 1a6ey subject to England s i'm
sfjfIfls NillI for in this lies the hope
of supreinaey. TO these ends the
highest efforts of her statesmen are
consecrated. Every book upon finance,
avery financial article Of her press,
every report of her Minister OF Exche-
uuer. are framed to mislead the mind
and apprehension of other peoples.
The agents Of her policy inhabit ev-
.eryiland, quick to SOW distrust or every
government (save their OWN under
which they may live; opposed to every
prOpOsitiOn or measure which tails TO
conserve English interests.
In our own country these agents OF
English policy are multiplied by thous-
ands. They stand upon every avenue
of trade.
They teach the delusive doctrine
that English finance is an established
science, and that it, like an English
watch. can be run in all countries
alike.
They take no cOgniZance OF the eX-
listing difference between nation out
of debt and possessing large accumu-
lations of money, and nation largely
in debt with no adequate means OF
payment.
They conveniently ignore the une-
dual financial status of the boy who
starts out in life with a capital OF ten
dollars and that of the mature man,
already established, with his millions
in bank. In short, the delusive thesis
of English financial science, artfully
presented, and not often analysed
misleads the American people beyond
measure, and not unfrequently to op
pose their own best interests. England
is largely creditor nation. She
sometimes lends helping hand tt
other nations, and lifts them temper
arilv out of a financial strait, and will
sweet patience waits her own time
and studies her opportunity. when
for her own ends, she may let then
drop heavily.
The Accommodating of silver. and tn
efforts which England puts forth t
carry the scheme through the Cor
cress of the United States, may b
considered the heaviest financial dro
she has administered to her debto
nations during the period Of her na
tional existence.
1t was a scheme, intended not onl
TO affect the value of national secur
ties. but also to deprive each debtC
nation of one-half it's monetary reSOh
ces of payment.
One thousand millions of Unite
States bonds held by England W;
something for England if she coul
insure their payment. principal an
interest, in gold. 1t would place TIL
government, financially. at the mere
Of the merciless. England could pr
nose to us. as she once did to Spai
That she would modify the terms
her monetary exactions on conditit
4 that we opened our ports to her ma
ufactured productions. which on
done woule bind this nation in Il
payment of tribute to her foreve
The control of the silver products
of the United States to be wholly ma
ipulated by England became a tenn
ing financial item. -
Our gold production being inadequa
to the demand on us for interest alo