The anti-monopolist. [volume] (Saint Paul, Minn.) 1874-1878, 1878-08-22

measure and we should see produced IL ku-
rope result lamentable enoug h.-Lem Fam
chett
lfthere is one measure better calculated than
another to produce that state Of things where
the rich are daily getting richer and the poor
daily getting poorer it Is a metallic currency
". II. Harrison, Inaugural address, Stat Pa
pers. ,, II, 4.
It is too clear to be reasonably disputed that
Congress, under its Const utonal powers TO
lay taxes, to regulate commerce. and 10 rrgu
late the value OF coln, Possesses amp author
ity 70 control the credit circu,a on salmon
Z. Chase, Report, Dee. 1861.
The money question is not 50 much OF a
gram racker as Is by many supposed, but it is
rather simple When Investigated iii the right
manner. Money is siinplya lnea>ure OF values
and a. the nation contTat IS its circul ton, it
contracts the value OF al property in ike pro-
potion. A. Il. CASTOR
Thomas j ferson in his letters to Mr. Epps,
volume of his works, says: ''Freasury bills,
bO:tOmed on taxes, leari1e or not bearing III
terest, as may BE- found Necessary, thrown into
circulation, will take the place Of SO much
gold and silver. Bank laper must De suppress
ed, and the circulationr estofea to the nation.
to whom it belongs
Money, as used in modern civilization, is a
Of commodities ana services.
The intrinsic value idea Of money was the
idea i'll the crude day Of barbafis n-Reece,'
Encyclopaedia
Congress shall have the power 10 coin money.
to regulate the value thereof and Of foreign COIN
emit hills OF credit, Or make anything besides
gold and silver a legal tender III ptyu ent Of
debts file ohsttution- Daniel Wei Ster
Money should be thing Of, or Belonging to,
a country, not OF or belonging 10 the world.
An eXportabe commodity is not fitted to be
money, and nothing could b more INDUSTRIOUS
than Englnd's princp le followed 10y the
United States up 70 the war-her legislation
forcing her people to be buyers OF goid and
SGarrest articles IN the world the condition OF
tteir being able to furnish themselves with
food and clothing. Isaac Buchanan
But when il was once clearly un-
6erstood that god and silver are noi wealth,
bat merely representatives oI wealth: when
men began 10 SEE that wealth i>elf SOLELY con-
si>ts OF the vane which skill and IL Dor can add
10 the material, aud that tho money Is oi no
possible us to nation except to measure and
circulate It's riches; all I Z oid notions Of the
supreme importance OF tn precious metals a
ouce tell to the ground. English History OF
Commerce. Buckle.
-
his works, SAYS: Ito Il auu SILVER ;ttr not m
lrin~ically 81 equal value with iron. Their
value rests chiefly on the ,>tinal IA they hap
pen be IN among the generality If nations
Any other wei + ,undvi credit * H. much AN
quIvalrnt a. gold and silver. 'p..t,l money
welt founded, las great advantages over go.d
aud silver; bring lgnt and convenient for hand
ling largr sums; and hot likely to nave It's vol
nlue re- uced by ceuand- for ~ polts.tion On
no met las ntftt4rt,, ..rst.s
10 'siahlsb Il medium 81 trade ,qual in 4 its
advantages, 10 bills of credit made Il General
legal tender"
When the lahorer has received his wa-es IN
money he has not received an equivalent Tor his
services, but only something winch viii enable
INN 70 get y hat lie requires The money there
fore is not the equivalent, but the evidence
that h. has parted with calnno iiti,s or services
and has not received an equivalent.
Gold and silver coin must BE- redeemed by
commodities and services On etinand or they
can no more perform the junction Of money
than can irredeelnable paper moi.ey.
The simplest and most p, feet form Of cur
reucy is that which iepr s.nt~ transferable
debts paper money with no intrinsic value
Coin SO long as IT erculatrs for The pa pos. OF
buying and selling for tn. Zine, loses Its III
trinsic value.
AS commodities gold and silver are capital
but rs mere money they mere rrpr ..-nta-
tives OF value.
All the confusion on the subject and when
has mystiiied the works on economy arises
out Of the fact of not dis ingushing between
gold as merchandise and gold as stamped mon
ey.--C has. Nor IN. Frame.
Reader can you define the sentence ssrnain
tanning the credit of the nationf" It is simply
paying the bondholder gold whil- the indus
trial classes starve journal, Pot Huron,
Michigan.
Fellow citizens, believe in the green back
believe 1t is a constitutional eurrepcv in time
of peace we'll as in time of war | h.iev =
1t ought to I've perpetuated as fundamental
basis and an element III our whole paper circu-
lation. have no doubt that II Is a> far As II
goes, the very best currency that ever was in
this or any other c>&untrv, Stanley Matthews