The anti-monopolist. [volume] (Saint Paul, Minn.) 1874-1878, 1877-06-07
into recommendation of it, by their
own people.
NEUTRALITY-SUSPICIOUS..

VI L
A misapprehension may be men
tioncsd and it is widespread-from
Alaska to Florida. ''That the supply
of money doubled, would double the
prices of commodities. The late re-
bellion occasioned great advance IN
the price of commodities and prop
critics, and these prices were attained
before the increased issue Of the ma
tional greenback currency. The issue
of greenbacks had nothing to do with
the advance in prices, On the con-
trarv. the increase in the supply OF
money stimulated production, and
reduced prices by competition. Eng
land, France, and Germany, denser
populations than the United States,
with more money, per capita, ana
larger accumulations, find employ
ment for their laboring arms at less
per day than we, and deliver to us
their productions at less cost than we
can produce the same articles, while
the cost of living in those countries is
less than in the United States.
Are there any who can cry against
imitation in England, Germany and
France!
Are there any who can deny that
these nations have much more money,
per capita, than we have!
Are there any who deny that the
rate of interest in these countries IS
less than in the United States!
Does not this alone prove a more
liberal supply of money!
They who declare that to double our
money would double our property val
ues, forget themselves. and lose sight
of one important consideration, to wit:
That a generous supply of money to a
people stimulates them into activity.
and activity means decreased enter
prises, the increased enterprises
means competition and competition
means production at the lowest living
rate means fair supply to fight the
world, just as England has been doing
by furnishing to her producing classes,
money at three per cent. per annum
for more than a hundred years, and
grown to be the greatest manufactur'
ing nation on the globe.
The money of a nation is the symbol
of it's power, the measure Of it's wealth
the vitalizing, circulating medium
which, like the blood in human organ
isms, builds up the bones ane
strengthens the tissues.
Is it wise for nation to put limit
upon it's power, or to retard it's posi-
BILE achievements! Can people have
too much strength, too much prosper
ity, too much honorable and happy
employment Shall not the nation bt
constant to itself.
STOP THE MONEY DRAIN.
The general productiveness of the
domestic industry of country, Deepen
ding, as it does, upon the general ETH
cheney of it's labOring arms, is matter
which concerns the State, inasmucf
that, if industry be not encouraged
upheld. and stimulated, it will not be
come generally efficient; or, il efficient
and unsupported by friendly leglsla
ton, will cease to remain so.
The labor of England is kept in
higher degree of efficiency than in an.
other country, because of the wise POI
icy of England, first, in the provision
Of money at a low rate of interest, an
second, the mastery activity OF tn
Government to provide markets TO
her productions.
What England lacks in natural II
sources and supply is more than CON
pensated by the activity OF her people
the wisdom of her legislature, and tn
diplomacy Of her statesmen. A cond
ton of superior natural productivenes
should be esteemed the most import
ant adjunct to national success.
| This the United States possesses t
an eminent degree. The cOndltlo
which enables people to purchase tn
! row material, and turn it into superie
manufactures, is attained by cons'
mate study and the most rigorous a.
pliances Of art. This is the status
which England proudly boasts.
The latter condition is the resu
> of the operations of mind over matter
. The first is the condition incident
f prolific natural productions, Deepen
g ing more upon the employment OF mu
Gle than mind.
l What we import from other cOul
t tries is not inspired3by any tactics
Y mutually in the exchange of comm
n dities. and never should be, since Il
J true science of government disalloy
e it. In England it may be so. becau
e English imports are of a charact
Y which only more favored count
e can produce.
l. Such is not the case with our ov
country. We, for instance, sell o
# wool and cotton, and largely impo
e the cloth and fabrics into which it
Y made, virtually admitting that Engla
l. is the more favored country for ma
n ufacture. while we are the more fave
t. ed in producing the raw material.
It is for men of reflection in our count
m to determine if it be necessary. pI
e. dent. or wise policy for us to circu
le scribe or limit our industrial energi
-e to simple production of the raw n
s. terials, instead of diversifying Q
rs employments, and accomplishing
re ourselves what we have too long pr
re other nations to do for us.
lie England has set us an example viii
r. we have been too slow to follow.
nr early as TAO England had reduced
Y. rate of interest ON loans to three l
Id cent. per annum. At that early peri
We the Government had ascertained tt