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 neat
phamphlet entitled 1.-The Money CUES
ton" by Henry 5. Fitch, san Fran
CISCO, Cal.
1t is a reply to series OF nine ques-
tions pronounced by Hon. John k.
Jones. Chairman of the United States
Monetary Commission, and is remark
able for fullness of statement, acctra-
cy of logic, terseneSS OF expression
and generally correct conclusions.
We say generally correct conclusions
as the writer theories relative 10 the
barter value are not colncldent WIN
our own, which are in accord WIN
those of Aristotle that ''Money is the
creature of law but his active connec-
gHai,u with the mining interests may
HAS his Judgment without in the least
szsaarrino his conscientious truthful
N Tess FL says:
&i4ateger the conditions OF other
nahious. Fnglish diplomacy ana imam
sc54l 1t ratagy is ever set to make them
s'%nolErr Islgeg subject to England I'M
#erig5sas Mill for III this lies the hope
al st4pre1nacv. To these ends the
highest efforts of her statesmen are
consecrated. Every book upon finance,
every 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 lnhablt eV-
,eryiland. quick to SOW dlstruSt OF every
government (save their OWN under
which they may live: opposed to every
proposition or measure which fallS 10
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 cognlZance OF the eN
listing difference betweena nation ou1
of debt and possessing large accumu
lations of money. and nation largely
in debt with no adequate means O
payment.
They conveniently ignore the une
dual financial status of the boy Wh'
starts out in life with capital OF TEL
dollars and that of the mature man
already established. with his million
i'm bank. In short. the deluslve thesl
of English financial science, arttull,
presented. and not often analysed
misleads the American people beyon'
measure. and not untrequently to OF
nose their own best interests. England
is largely Il creditor nation. Sh
sometimes lends helping hand t
other nations. and lifts them tempol
arily out of financial strait. and wit
sweet patience waits her own time
and studies her opportunity. WheI
for her own ends. she may let thel
/ drop heavily.
The demonetizing of silver. and tn
efforts which England puts forth
carry the scheme through the Coz
rress of the United States, may |
considered the heaviest financial arc
she has administered to her debtt
nations during the period OF her III
tional existence.
1t was Il scheme. intended not on
to affect the value of national secul
ties. but also to deprive each debit
nation of one-half its monetary resoh
ces of payment.
one thousand millions of Unite
states bonds held by England w
something for England If she cou
insure their payment. principal Al
interest. in gold. 1t would place til
Government. financially. at the mer'
of the merciless. England could pl
nose to us. as she once did to Spal
that she would modify the terms
her monetary exactions on condltl
that we opened our ports to her ma
ufactured productions. which on
done woule bind this nation III
payment of tribute to her forev'
The control of the silver productl
of the United States TO be wholly M;
ipulated by England became tenn
ing financial item.
Our gold production being lnadequs
TO the demand on us for interest ale