The anti-monopolist. [volume] (Saint Paul, Minn.) 1874-1878, 1878-07-18

the price IT gold would be neised beyond
measure and We should see preducea in ku-
rope . result lamentable enougG.-Lem Fam
chett.
IL there 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, 1914
Congress, under its Consti utioEs, powers to
lay taxes, to regulate commerce. end to regu-
late the value ct coin, possesses amp author
ity to control the credit circulakfon --SalInOn
P. Chase, Report, Dec. 1861.
The money question is not se much OF a
grain racker as Is by many supposed, but it is
rather simple when Investigated in tue right
manner. Money is simplya measure Of values
and as the nation contracts its circulation, il
contracts the value OF all property in like pro-
portion. A. H. CASTOR.
Thomas Jefferson in his letters to Mr. Epps,
volume of his works, says: "yreasury bills,
bOttemed 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 1e suppr-ss-
ed, and the circulation estOred 10 the nation,
to whom it belongs
Money, as used in modern civilization, is q
useful instrument that facilitates ss..4e exchange
OF commodities and services
The intrinsic value idea Of mooney was the
idea in the crude day of bart,arit -Re+-c.-s
Encyclopedia.
Congress shall have the pow+r tocoin money,
to regulate the value thereof AID otsiGreigu cola,
emit bills of credit, or make anything besides
gold and silver legal tender IN fragment of
debts The Observation-Disclosures Webster
Sbo h. rlf halo
a country, not of or belonging to the world
An eXportable ccmmOdity is not fitted to be
money. and nothing could b. na0Ee. INDUSTRIOUS
than highlands R-inciple- followeG by the
United States up &c the war-hAr .S gislation
forcing her people to be buyers '0fsgold and
making their possession OF gold--one of the
scarcest articles in tie world--tte condition of
thei- being able to furnish themselves with
food and clothing. -ssaac Buchanan
4 X T But when it was once clearly I'M
.derstood that gold a1d silver not wealth g.,
but merely representatives of wealth when
Qlen begaE to STE that wealth its+tf solely con-
-jists OF the galne whiol skill and 4lborrcan add
te the raw material, and that the nlonev,is OF no
possible use to natiGI, except to noeasure and
circulate its,-iches; all the Old notions of the
supreme importance otthe precious metals at
once fell tGs.he grounC. Eng ish Hista-y Of
Commerce. Buckle.
T.
his works, says: Good ana silver net in
trinsically OF equal valIe with iron. Their
valsle rests chiefly on the estimation they dap
pen . be in among the generality of natlous.
ArN .ther weli-fOunded credit is as mneL an
eos 44ent as geld and silTer. Parer money,
W.. h1unded, kas great advantages over gold
a:,l .;tver; being Light and convenient tor hand
lin ..z.ge sums fnd not likely to have its vol
ntne reduced by demands f0- tx portation. On
knla hort 4
to establish meG: um of trade equal in all its
advantages, to bills of credit made IA genera
legal tender. -
When The lahore, has received his wages ia
money he has not received an equivalent for his
services, Iut only something which will enable
him to get IS hat he requires. The money there
fore is not the equivalent, h,n the evidence
that he has parted With commodities or services
and has not received an equivalent
Gold aud silver coin must be redeemed bv
commodities and services on demand, or they
can no more perform the function Of money
than can rredeernable paper money
The simplest and mosx perfect form of cur
rency is that which represents transferable
de bts--paper money with no intrinsic value
Coin SO long as it circulates for the purpose oil
buying and selling Tor the Time, loses It's in
trinSlc value.
As commodities gold and silver are capital
but as mere money they are mere rrpr ,s-lita-
tives of value.
All the confusion on the subject and which
has mystitied the works on economy arises
out Of the fact of not distinguishing b-twesf
gold as merchandise and gold as stamped mon
ey.--C has. Nor IN. France.
Reader can You define the sentence "main-
tanning the credit OF the nationf' 1t is simpiy
paying the bondholder gold while the indus
trial classes starve Journal, Port Huron
Michigan.
Fellow citizens, | believe in the greenbaek.
believe il is constitutional currency in time
OF peace as we'll As in time Of war | believe
it ought to be perpstuated as fundamental
basis and an element of our whole paper circu-
la'ion. | have no doubt that 1t is a. far As /,
goes, the very best currency that ever was III
this or any other country Stanley Mathews