The anti-monopolist. [volume] (Saint Paul, Minn.) 1874-1878, 1878-07-11


measure and we should see produced in Eu.
rope result lamentable enough.-Lem Fan
chett.
another to produce that state OF things WHERE
the rich are daily getting richer and the poor
daily getting poorer it is metallic currency
w. II. Harrison, Inaugural address, State Pa.
pers. 2. -. 4.
1t is too clear to be reasonably disputed that
Congress, under its Constitutional powers to
lay taxes, to regulate commerce. and to regu-
late the value OF coin, possesses amp'e author
| ity 70 control the credit circulation. --Salmon
P. Chase, Report, Dec. 1861.
The money question is not 50 much of a
grain racker as is by many supposed, but it is
rather simple when Investigated in the right
manner. Money is simplya measure of values
and as the nation contracts its circuit ton, it
contracts the value of ali pro perry in like pro-
portion. A. II. CASTOR.
Thomas JEFFERSON in his letters to Mr. Epps,
volume 6 of his works, says: "Treasury bills,
bottomed on taxes, bearing or not bearing III
terest, as may be found necessary thrown into
circulation, will take the place Of so much
gold and silver. Bank paper must nesuppress-
ed, and the circulation estored to the nation,
to whom it belongs
Money, as used in modern civilization, is
useful instrument that facilitates the exchange
OF commodities and services.
The intrinsic value idea of money was the
idea in the crude day of rbarisin.-3eeces'
Encyclopedia
Congress shall have the power to cOin money.
to regulate the value thereof and Of foreign coin
emit bills OF credit, or make ANYTHING besides
gold and silver a legal tender in payment of
debts The Constitution-Da Daniel Webster
Money should be thing of, or belonging to,
a country, not OF or belonging to the world
An exportable commodity is not fitted to be
money, and nothing could b. more monstrous
than Englard's principle followed by the
United States up to the war-her legislation
forcing her people to be buyers of gold and
making their possession of gold--o one of the
scarcest articles in the wOrld--the condition of
their being able to furnish themselves with
food and clothing. Isaac Buchanan
4 But when it was once clearly I'm
derstoOd that gold and silver are not wealth.
but merely representatives of wealth; when
men began to see that wealth itself solely con-
ssts OF the valne which skill and labor can add
to the raw material, and that the money is OF no
possible use to a nation except to measure and
circulate its riches; all the old notions of the
supreme Importance OF the precious metals at
once fell to the ground. English History of
Commerce. Buckle.
Benjamin Franklin, in volume 4. page So, of
bis works, says: "Gold ana silver are not in
Of equal value with iron. Their
value rests chiefly on the estimation they hap
pen TO be in among the generality of nations
Any other well-fOunded credit ID AS much an
equivalent as gold and silver. Parer money,
we'll founded, has great advantages over gold
and silver; being light and convenient tor hand
ling large sums and not likely to have its vol
nme reduced by demands for ex portation On
the whole no method has hitherto been formed
TO establish a medium of trade equal III all its
advantages, to bills of credit made a general
legal tender
When the laborer has received his wages in
money he has not received an equivalent for his
services, but only something which will enable
him to get what he requires. The money there
fore is not the equivalent, but the evidence
that he has parted With commodities or services
and has not received an equivalent.
Gold and silver coin must be redeemed bv
and services on demand or they
can no more perform the function Of money
han can irred-ernable paper money.
The simplest and most perfect form of cur |
rency is that which represents transferable |
IL bts-- paper money with no intrinsic value |
Coin so long as it crculates for the purpose of |
buying and selling for the time, loses It's in j..
rlnSlc value.
As commodities gold and silver are capital |
but as mere money they are mere representa- |
ives OF value.
All the confusion on the subject and which |
has mysuted the works on economy arises |
)ut OF the fact OF not Distinguishing b.-tween |
gold rs merchandise and gold as stamped mon- |
VI has. Moran. France.
Reader can you define the sentence imam
aiming the credit OF the natiou." 1t is simply /
paying the bondholder gold while the indus
rial classes starve journal, Polt Huron.
Michigan
Fellow citizens, believe in the greenback. | /
believe II Is a constitutional currepcv in tim.
u peace as we'll as IN time Of war. believe
{ ought TO be perpstuated As fundamental
oasis and all element of our who'll. pap.r circu-
a'ion. | have no doubt that It Is as far A. II
.oes, the very hsst currency that ever was IN
his or any other country Stanley Mathews.