The anti-monopolist. [volume] (Saint Paul, Minn.) 1874-1878, 1878-04-18

the price of gold would be raised beyond
measure and we should see produced i'll Eu-
rope result lamentable enough.-Lem Fan
chett.
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 barbarism.-Reeces'
Encyclopedia.
Congress shall have the power to coin money,
to regulate the value thereof and vt foreign coin,
emit bills OF credit, or make anything besides
gold and silver a legal tender Ill payment of
debts. The Constitution-Daniel Webster.
If 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. H. Harrison, Inaugural address,, State Pa.
pers. 2. IL, 4.
1t is too clear to be reasonably disputed that
Congress, under its Consti utional powers to
lay taxes, to regulate commerce. and to regu-
late the value of coin, possesses ample author
ity to control the credit circulation. Salmon
z. Chase, Report, Dec. 1861.
The money QUESTION is not 50 much of a
brain 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 contra, IS its circul ton, it
coItIactS Tile value OI all rOptrty IN Ike pro-
potion. A. II. CASTOR.
Thomas Jefferson in his letters to Mr.. Epps,
volume of his works, says: "Treasury bills,
bottomed Oh taxes, bearing or not bearing in
terest, as may be found necessary, thrown into
circula ION, 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"
Fellow citizens, believe in the greenback.
believe it is constitutional curreDcv in time
OF peace as well as in time OF war. | believe
1t ought to be peEpetuated as fundamental
basis and an element Of our whole paper circu-
atlon. have no dol. bit 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,
acountry, not Of or belonging to the world
An eXportable commodity is not fitted to he
money and nothing could b. more INDUSTRIOUS
than EngltCd'S principle followed by the
United States up to the war-h-r legislation
forcing her people to be buyers of god and
making their posse s>ion of gold one of the
scarcest articles in the world 1.-The condition OF
thei. being able to furnish themselves with
food and clothing. Isaac Buchanan
+ But when it was once clearly un-
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 tie old notions of The
supreme importance of the precious metals at
once ell to the ground. English History of
Commerce Buckle.
Benjamin Franklin, in volume +. page s5, of
his works, says: "G0ld and silver are not in
trnscal!v Of equal value with iron. Their
a h. t.,t ~ har
pen 20 be in among the generality of natlons
Any other wei sounded credit is as much an
equivalent as gold and silver. P4rer money,
we'll founded, has great advantages over gold
and sllver;being light aud convenient tor hand
ling large sums, and not likely to have its vol
nnle reduced by demands for eXpnrtition. On
the " Whole no method has hitherto been formed
10 establish a medum Of trade equal in q / 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 wi enable
him to get hat he requires. The money there
fore IS not the equivalent, but the evidence
that he has parted with columoiitie or services
and has not received al equivalent.
God and silver coin must be redeemed bv
commodities ana services on demand, or they
can 10 more perform the function Of money
than can lrredcefnable paper motley.
The simplest and IL ost perfect form of cur
rency is that which represents Transferable
debts paper money with no intrinsic value
Coin so long as 1t circulateS for the purpose of
buving and selling tor the lime, loses its IN.
trinslc value.
As commodities gold and silver are capital,
but as mere money they are mere representa-
tives OF value.
All the confusion on the subject and which
has mysttied the works on economy arises
out OF the fact OF not dis nguIshing between
gold AS merchandise and gold as stamped mon
ey.-Chas Moran. France.
Reader can you define the sentence "main-
tanning the credit of the nationYr II is simply
paying the bondholder gold while the indus
trial classes starve. Journal, Pot Huron.
Michigan