The anti-monopolist. [volume] (Saint Paul, Minn.) 1874-1878, 1878-01-31
The .Anti-Alonopoist.

ter. One DE million of idle labor
ers--ln three years the loss Occasioned
to country by the inability of these
laborers to get work. is equal to the
whole national debt, and yet it has
been going on for four years. We had
a great deal better have taxed our
selves to yay the debt than to have this
state of affairs in existence. The
advocates of the west and south are
inclined to strike at New England
interests. But when you expect me
to get upand abuse them and call them
all manner of hard names, insisting
that it is a peculiar New England
interest, and that the silver bill should
not go through, you get UP an antago-
nism between New England and the
west. If stick sticks into them could
possibly wound their feelings, and
then when I undertook to argue New
England interests to them and try to
drive them to think as 1 do on the
silver bill would not carry my end in
this way. There is no occasion for
that. That is thing that will be
done with Or without me, and if am
to represent your interests with any
effect had better let that go, for |
would gain nothing by so doing, and l
would make myself and my section
obnoxious to another section Of the
country.
The East is determined to have its
revenge upon the West, because the
West, mainly a debtor community.
protests against paying its debts in a
more valuable currency than that
which they contracted them in: and
the East therefore propose to punish
the West by refusing to lend any
more money in this region unless the
debtor agrees to pay it IN gold! Here
we have some items upon this point:
The British and American Mort
gage company Qimited) recently issued
orders to western agents to require
a stipulation for the payment in gold
OF both principal and interest on all
loans. w. B. Shattuck, the president,
is now in London. His son, who has
charge of the company S affairs during
his fathers absence. said, last even
ing that the company was controlled
by two boards of directors. one in
America, and the other in England.
The boards were distinct, and each
had control of the company's business
in its own country. The American
board discussed the silver bill fully.
and the probable effects it would have.
A circular. dated Nov. %, was prepar-
ed. and this was distributed among
the agents about the beginning of the
present month. 1t was stated that
the company should no longer fill APP
plicationS for loans of currency. Only
loans on gold basis would be made.
At whatever time the loans made aft
er the circular was issued became due.
the payment of principal and interest
would I've required in gold. Mr.. Shat
tuck said that the action of the Amer
lean board of directors in this matter
was not influenced by the British di-
rectOrs.
Mr.. Shattuck said that the applica-
tlOnS for loans were as numerous now
before the order was issued. He did
not think that this showed that the
supporters of the silver bill in the west
readily acquiesced in the demands of
the company. They also considered
the order very severe, and would OPP
pose any such measure if it were in
their power. The company only loan
ed money on bonds and mortgage. on
good farm property in the country,
and dealt very little in property in
cities or towns. Persons holding
farm property were now in need of
money. At this season there was al
ways lively demand on the company
for loans. Those seeking money could
not have their own way. the borrower
must accede to the terms of the lend
er. Mr.. Shattuck was of opinion that
if the company example were gener-
ally followed, this action might have
an effect on the votes for the silver
bill now before congress.
ACTION OF A GREAT TRUST COMPANY.
The United States Trust company
was applied to few days ago for
a loan of 81 100000 to the city of Chi
cago. secured by the first revenues
collected from current taxes. The
loan was refused unless the bonds
were issued on a gold basis. Applica-
ton for the Chicago loan was then
made to the American Exchange bank.
and was declined except on the same
condition.
ANOTHER LARGE Joan REFUSED
An application for a loan OF 81 800. 900
made by Il large western city. lChica-
go.) was declined on Wednesday by
the bank that had been its fiscal agent
for many years, except OF the c0ndi-
tion that the bonds should contain a
cause that the payment at maturity
should be made ut the gold valuation
of the day Of closing the negotiations.
1t il pleasant to thus listen to the
crack Of our slave-drivers' whips
When the workingmen get a clear
idea of this matter. they will rally
around the Greenback banner. and
viii vote for no man fer any office
that is not Greenbacs man az well
rs well as a woFkingman. Greenhaeks