The anti-monopolist. [volume] (Saint Paul, Minn.) 1874-1878, 1878-07-04
the price of gold would be raised beyond
measure and we should see produced in Eu-
rope result lamentable enough.-Lem Fan
chett


measure and we should see produced in Eu-
rope result lamentable enough.-Lem Fan
chett.
fthere 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. II. Harrison, Inaugural address, State Pa.
pers.2. ~, T.
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
lily 20 control the credit circulation --Salmon
2. Chase, Report, Dec. 1861.
The money question is not 50 much of
grain racker as is by many supposed, but it is
rather simple when Investigated il the right
manner. Money is simplya measure of values
and as the nation contracts its circulation, it
contracts the value of all pro perly 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 in
terest, as may be found necessary, thrown into
circulation, will take the place of so much
gold and silver. Bank paper must be suppress
ed, and the circulation estored to the nation,
to whom it belongs"
Money, as used in modern civilization, is a
useful instrument that facilitates the exchange
OF commodities and services.
The intrinsic value idea of money was the
idea in the crude day OF barbara h.-Reeces'
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 constitutional Webster
Money should be a thing of, or belonging to,
country, not OF or belonging to the world
An exportabe commodity is not fitted to be
money, and nothing could BE- more monstrous
than highlands iple-followed by the
United States up to the warbler legislation
forcing her people to be buyers of gold and
making their possession of gold--one of the
scarcest 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-
sists 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 tell to the ground. English History of
Commerce. Buckle.
benjamin Franklin, i'll volume 4, page So, of
LIS WOI M, says. OOiu duu SILVER are LOl III |
trinsically Of equal value with iron Their
value rests chiefly on the estimation they hap
pen 10 be in among the generality of nations |
Any other well-founded credit is rs much an
equivalent as gold and silver. Paper money,
well 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 portaton On
the whole no method has hitherto been formed
to establish 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 equiva'e nt 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 by
commodities and services on demand, or they
can no more perform the function of money
than can irredee.nabe paper money.
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 lime, loses its in.
trinslc value.
As commodities gold and silver are capital,
but rs mere money they are mere representa- |
tlveS OF value.
All the confusion on the subject and which
has mystiiied the works on economy arises
out Of the fact OF not Distinguishing between
gold as merchandise and gold as stamped mon |
ey.-C has. Moran. France.
Reader can you define the sentence "main- |
tanning the credit of the naton." It is simply
paying the bondholder gold while the indus |
trial classes starve Journal, Port Huron, |
Michigan.
Fellow citizens, | believe in the greenback | !
believe il is constitutional currency in time |
of peace as we'll As in time of war | believe |
1t ought to he perpetuated rs fundamental |
basis and an element OF our whole paper crcu- |
la'ion | have no doubt that it IS as far as 1t |
goes, the very best currency that ever was in |