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

purchase. would pay no more OF our |
debts than before the demonstration
Of silver, the situation would become |
distressing to us and profitable to them.
Orr silver bullion, our grain, our cot
ten. our wool. our wine, and all other
things necessary to English life, pro
duction. and trade, must naturally
find a market and price such as our
cripnled condition would enforce and
English rapacity reluctantly see ut TO
give.
This much as financial achieve.
ment. but not all of the programme.
This nation shorn of one-half OF It's
monetary supply, it's credit impaired,
and it's natural life activities paraly-
zed would leave England master OF
the situation. and make English supre-
macy secure for another century.
If it were possible for this nation to
ixist after drawn into the continuance
of scheme so calamitOus to our peace
and prosperity, the maintenance or II
would scarcely repay the effort.
Certainly, other debtor natlons'
whose resources and productions are
less than ours, have great need TO look
about them, lest they find existence
difficult thing to maintain.
CONGRESSIONAL REGARD FOR ENG
LIsh INTERESTS.
We would like the good opinion OF
the world. if it be too expensive.
We do not believe that a good opln-
ion of us, purchased at a cost OF sooo
600 900. is available to us for anySsum
whatever. 1t is generally understood
that nation employing policy when
serves it's own with the highest benefit
is enabled to command the respectful
consideration of other nations, ana
that a nation that truckleS to any oth-
or loses caste abroad and forteltS the
confidence of it's subjects at home.
The government of England Orlgl-
mates and adopts such policy internally
and EXTERNALLY as serves with best Ell
feet TO advance the interests OF its own,
and this without consulting the wishes
or pecuniary interests OF any other
nation. The same be said OF France
and other continental nations. Bnt,
the United States, ever without true
national policy, defers to other powers
when policy is proposed for 1t, ana
her statesman ask: "What eHecI VIII
it have upon England, etc. as though
we were still subject to her lmperlous
guidance. and as though they were
| lost in the troublesome maZeS or DOUBT
as to whether we were nation StrlF-
inc for national life and existence, or
simple dependency of that voraclous
and far-reaching power.
Legislation on our part when con
templates the least surrender OF what
rightfully belongs to us is unworthy
of us as a nation.
Instance the discussion in Congress
upOn the dual standard at its last SEES
sion. When there arose men OF ac
knowledged ability who opposed the
measure simply because England helo
q large part of our bonded indebted
ness. upon which it was expressly
stipulated that the interest should bt
paid in coin-not gold coin alone, bu'
coin of the United States, and therea'
urged that silver coin, which was
part of our money at the time OF Issue
and contraction of the debt OF the deb
of the bond, and known to be so by tht
whole world, should be effectually de
gument 50 far from home. and sonea
to English interest as to declare ina
the whole bonded debt should be pal(
in gold coin and this too in the tac
of the saddest condition in our none
tarv affairs. The known fact that o
GOLD and silver. combined. annuall
produced in the country there Woul
not be found sufficiency to pay tn
interest alone, and that itstheir Wi
were to become the law. our entlr
annual production of gold would onl
paw about one-fourth OF the lnteres
, annually falling due, and that the bul
den of our national lndebtness alon
would be more than the nation coul
) bear.
5 1t would appear that foreign bono
holders have most willing allies IN tn
United States. far more ready to serv
4 foreign interest than the interest
: the nation and constituency they wei
| sent there to represent.
9 The honor of the nation Will stan
) unsulEed if it pays in the money
: promised, and this proposition, to pa
4 our notes in gold and silver col
K. / w UlCIltNtI llluN bC liit'S $NAA NANAN
/. may be maintained with much MOI
n honor and dignity than to yield to II
demand for gold. and thereby large
c increase her bonded debt. by the sd
0 of bonds for gold, to meet the annus
l. " accruing interest.
e 1t is significant of the character
p our representatives when we obser'
II of some of them how strenuously thu
l. contend for a decrease of our non-l
terest paying debt. and advocate
y increase of our Understanding del
i II our people are apprehensive tn
II we wouldlhe flooded with silver fro
l. England and Germany. in case we !
monetize silver. we may find sor
81 comfort in the purchase of what '
rs need beyond our production, at d
Id cout upon its value. to coin into dolla
Id and pay it back to them as coin of t
is United States for any debts :
y may be called upon todischarge to t
o. people of those countries. With f
n. ty million people. we can absorb fo
of hundred millions OF this silver none
Oh and not feel it a heavy burden; a
n we can say to other nations that