The anti-monopolist. [volume] (Saint Paul, Minn.) 1874-1878, 1877-07-26
The -Anti-Monop01iSt.

following the example of England.
Doubleday says; 'sHad this sugges-
ton been haZarded in the midst OF a /
profound peace it would have been
wild enough, unaccompanied as it was
by any auxiliary measure, but in the |
midst of an almost hopeless war, which
carried on as it was by huge half year.
ly or yearly loans, rendered these eX-
| tended issues inevitable, the recon-
mendation seemed to smack of degree
of faulty, that looked like political
insanity
Mr.. Western and the landed propri-
etors saw just as clearly that this
policy Of contraction would triumph
and they knew how fatal it's conse
quences would be to all the industry
and enterprise Of England.
Saws Doubleday: "They. no doubt,
both dreaded and believed that the
restoration of cash payments by the
bank ofEngland and a consequent dim
mutton of the circulating medium.
in company with great importations
of grain would produce great reduc-
ton in the price Of produce and in the
scale of rents, achilst tdres, mortga ges,
and all other .fred engagements re-
manning nominaAy the same, acould
be augmented IN veight, and this
dread it was, which, in spite Of all op-
position from the people, carried the
corn bill of 1875
Observe what he says: ''WhilSt taxes,
mortgages and all other fixed engage
ments remaining the same Let no
American citizen who was afraid OF
throwing away his vote last fall, be
startled when he reads editorial from
the New York Times published in the
last Sun. The taxes, mortgages and
all fixed engagements have remained
the same in this country, and the
change of this people from happy,
contented land owners to be a nation
of tenants has already begun. These
mortgages and fixed engagements
have been maturing and the capita
lists. theiwriter of the Times editorial
refers to have begun the colossal for
tunes which are preparing the way
for titled aristocracy here in free
America. The struggle is upon us.
It is not coming, it is here. We have
already heard it's first gun, and the
citizen who can now sleep longer when
he is warned of the danger deserves
the slavery that is preparing for him
s'In this strange position OF parties. :,
adds Doubleday, vol. l. page 1856, OF
Political Life of Sir Robert Peel: ''Mr.
Western and such of his followers as
+ saw with his eyes, clearly perceived
=, that the position occupied by the po-
litical economist party must ultimate
ly and in no long time give them
power to carry their own particular
f measures; and that the only practicable
: course remaining was to endeavor to
exempt the landed interest, by means
I of some enactment, from the effect
: of these measures. and hence it was
2 that the landed proprietors in both
j, houses, but more especially in that Of
: the Peers, acting no doubt in part by
' VIZ. Western S advice, early bestlrred
themselves to set on foot those inqui
Q ries and collect that evidence upOI
which the corn law OF 1915 was ev1
IDENTIFY founded. Nor was this unknown
to the economists, who were quite
|, aware that. on the part of the leaders
r of the landlords. the fear of the cur
}, rency measures known to be impend
ing was principal motive, and Wh'
/ accordingly offered a very mOllltfe'
. opposition to the bill, deeply as tina
/ bin was resented and violently as i
l. was opposed out of doors. 1t seems
: indeed, highly probable, and it ha
i been asserted and not denied that
: tacit understanding at this period eX
II listed between the landed and economi
0 parties, terms of which were that tn
II economists should offer no serious OF
/ position to corn law, upon the pledg
IL Z that the landed interest would not OF
y pose return to specie payments
- having obtained protection for thei
- own individual interests, and this as
y certion is certainly coroborated b
u the tone of the debates upon the cor
N question, in which both sides seen
&c to avoid mixing the question of cul
n rency with that Of corn, closely cor
y nected as the two topics really are.
W Such then is the origin Of the infs
y nous specie resumption act whic
.e like the deadly Upas blights to deaf
! everything with in it's influences. Th
i result of bargain and sale owes it
= existence to bribery. Imagine tn
|. starched grimace and pious smirk upo
u the face of that great accident, Hayes
~ as he is reading his inaugural an
~ saying that the panacea for all our i'll
le is sspecie payments and in the sam
!, breath Cooking for the guidance
=, that divine hand, ETC., that all thing
VI may be so ordered and settled upo
best and surest foundations, and n
7, ligion and piety may be establishe
au among us for all generations. An
q this driveling nonsense is doled OF
10 while athwart the horizon of tn
~ ~ whole nation is cast the black pail {
co a great bribery. Go through all tn
VI schools and universities of the Ian
a. and say to the young men there col
~ ~ gregated to live no longer for gre;
W principals, but to leave the halls
~ learning for this is the golden age
~ successful mediocrity and bribery an
- that brains and honor are at a sad di
~ count.