The anti-monopolist. [volume] (Saint Paul, Minn.) 1874-1878, 1878-06-13

| nestSuTo anu we SOOulO see produced III LII
rope result lamentable enough.-Lem Fan.
chett.
Money, as used in modern civilization, is 8
useful instrument that facilitates the exchange
of commodities and services.
The intrinsic value idea of money was the
idea in the crude day of barbarism Recess
Encyclopaedia.
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 Il legal tender in payment OF
debts. The Observation-Disclosures Webster
! Ifthere 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
w. Il. 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 tbs value of coin, possesses ample author
ity 20 control the credit circulation. salmon
P. Chase, Report, Dec. 1851.
The money question is not 20 much of a
brain racker as is by many supposed, but 1t is
rather simple wien investigated in the right
manner Money is simplya measure of values
and as the nation contracts its circuls ton, it
contracts the value Of all pro perry in like pro-
pOiIlOu a. Il. UdSIOu
Thomas jefferson in his letters to Mr.. Epps,
volume Of his works, says: Treasury bills,
bottomed on taxes, bearing or not bearing in
terest, as may he found necessary, thrown into
circulation, will take the place Of so much
gold and silver. Bank paper must oesuppress-
ed, and the circulation estored to the nation,
to whom it belongs"
Fellow citizens, believe in the greenback.
believe it is a constitutional currency in time
Of peace as well as in time Of war. | believe
it ought to I've perpetuated as fundamental
basis and an element OF our whole paper circu-
lalon. have no doubt that it is as far as it
goes, the very best currency that ever was in
this or any other country Stanley Mathews
Money should be thing Of, or belonging to,
a country, not OF or belonging to the world
An eXportabe commodity is not fitted to be
money, and nothing could b- more lnonstrous
than highlands 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 one of the
scarce>t articles in the world--the condition of
thei- 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-
w
to the raw material, and that the money is OF no
possible use to a nation except to measure and
circulate its riches; all tie old notions of the
supreme importance of the precious metals at
once tel to the ground. English History OF
Commerce. Buckle.
Benjamin Franklin, in volume 4, page So, of
his works, says: "Gold and silver are not in
trinsically Of equal value with iron. Their
value rests chiefly on the estimation they hap
I.~
Any other wei founded credit is as much an
equivalent as gold and silver. Paper money
we'll founded, has great advantages over gold
aud silver; being light and convenient tor hand
ling large sums; and not likely to have its VOL
nme reduced by demands for expectation. On
the whole no method has hitherto been formed
to establish i medium of trade equal in all its
advantages, to bills Of credit made 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 that 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 all equivalent
Gold and silver coin must be redeemed by
commodities and services on demand, or they
can no more perform the function Il money
than can irredeenable paper mohey.
The simplest and most perfect form Of cur
rency is that which represents transferable
debts paper money with no intrinsic value.
Coin SO long as it circulates for the purpose OF
buying and selling for the time, loses its in
trinslc value.
As commodities gold and silver are capital
but rs mere money they are mere representa-
tives ofvalue.
All the confusion on the subject and which
has mystiied the works on economy arises
out OF the fact Of not Distinguishing between
gold rs merchandise and gold as stamped mon.
ey.-Chas. Moran. France.
Reader can you define the sentence "main.
tai. ing the credit Of the nations" 1t is simply
paying the bondholdsr gold while the indus
trial classes starve journal, Port Huron
Mi.hioan