The anti-monopolist. [volume] (Saint Paul, Minn.) 1874-1878, 1877-09-13


toward the education of his children.
The farmer works hard for all he
possesses, and when he parts with his
money it is expended with great care.
Now. the laboring classes compose
nineteen-twentieths of the population.
Are they extravagant! Take work
norman who earns dollar a day. for
instance. or suppose he is obliged to
work for his board, how extravagant
can a man be who works for his board
or a dollar, OF even two dollars day!
oyER-PRODUCTION
+ Then as to the question Of ''over-
production Any school knows that
production is wealth. Labor produces
all our wealth, and by labor ana
toll productions are accumulated, ana
the more productions are augmented,
the Weather the country grows. 10
say that we have produced too much
is, in effect, insisting that we have
done too much work. have worked too
hard. and now, in order to restore
prosperity, it is insisted that we must
fold our arms, discharge the workers,
stop the machinery, keep the prOduc-
ers of wealth idle, and reduce the
masses to pauperism and starvation,
and by pursuing this destructive
course long enough. we shall become
wealthy and prosperous. "Angels
and ministers of grace defend us!
AS production is wealth. the more our
laborerS are employed, the more
wealth will be created. But notWlth-
standing this plain truth. there are
men shallow enough to insist upon
this foolish notion that by stopping
work. reducin. labor, discharging all
the workers, and through idleness
drive them to poverty-so very poor
that they may starve--that some day
or other, that by-and-bye. through
this process of extreme poverty ana
despair, we, as people, may become
so rich that we shall be able to pay
our debts. And while we admit that
tire employment of machinery and la
bor-saving invnetiOns have greatly
augmented productions. yet they have
not, nor will they ever, keep pace with
the increasing wants and demands OF
advancing civilization. The higher
the civilization of a people, the more
it developes new and increasing wants
and desire. and to this there is no linn
it. The wants of a savage can he
counted on the fingers OF your hand,
while it would require a lifetime to
enumerate the needs and desires OF
the highly educated, the refined and
accomplished gentlemen in a far off
and better era of civilization.
THE GREAT UNDERLYING CAUSE.
The present condition of affairs has
been brought about by the unparalleled
ed contraction of our legal tender eur
rencv. and through numerous baneful
acts of Congress passed by the votes OF
bankers and bondholders, to enrich and
aggrandize themselves by impover-
ishing. pauperlzing and enslavlng the
people of the country. During the
past twelve years our currency has
been contracted over 81 .3o0.OO0.0oO.
and when | refer to- the volume of the
currency twelve years ago, l include
greenbacks. the one year treasury
note. the certificates of Indebtedness.
three per cents, national bank bllls.
and the various issues OF legal
tender and circulating medium. in
Guiding compound interest notes.
amounting altogether on the first day
of September. 1865, to over 81. l0o. 900.
000.
WHO DEMANDED CONTRACTION
An enquiry as to who demanded the
contraction of our currency VIII throw
"a great deal of int resting and III.
structive light upon the subject.
1t appears that the scheme was not
urged by the industrial and business
interests of the country, but by the
money kings of Wall street and Eu
rope; and Congress. composed largely
OF the same class. has been active II
carrying out such measures as had re-
ceived the approval of the Rothchilds
the Belmonts. and the Barings. Dur
ing the past twelve years. banks ane
bondholders have had a clear malorlt,
. in your national legislature. and they
have exercised their power to secure
the passage of all measures calculated
to promote the interests ana specula
: lions of the money monarchs OF thl
country and of Europe.
: RESUMPTION.
; This resumption act provides tina
one wear after January next all You
G taxes and debts must be paid IN soi'
4 money: silver money will not suffice
: for under existing laws. it is none,
: only for IS. beyond that paltry sum l
!. is not money, but'a commodity, lik
Y pig-iron.
n 1t is proposed to force the people
: pay their debts in gold coin. but wher
|. can they obtain it, Without flour yo
n cannot make bread. and without gol
e coin. and no possibility of obtalnln
e it. YOU cannot pay your taNesa and NOR
# cages and debts in that kind of money
Il The deadly plot is urged, yet no on
d ever ventures to explain any earthl
id advantages to insure to the America
people from the cruel enforcement
o. the measure. Instead of Il benefit
the country if the scheme be carrie
out. it will. with certainty. contisca'
- your lands. now heavily mortgage
~ it will sack your houses and plllas
:, your homes. Are you ready to be
= terly and completely wiped on
III a+n oh