The anti-monopolist. [volume] (Saint Paul, Minn.) 1874-1878, 1878-10-10

This scheme is started under the
false, deceptive and fraudulent garb
of a savings scheme for the poor
The money is lying idle, because
next year one dollar will purchase as
much property as two will this year.
So it can afford to be idle.
Property of all kinds is shrinking
in value, because there is no money
in this country to purchase it, or it's
products.
Millions of men are idle, because all
the country is boarded in the bank
vaults of the Shylocks.
While the president is travelling
about the country he might keep his
eyes open and see if he can find
where civil service reform is spend
ing its vacation.-HasUkeye.
Some Brooklyn workingmen in the
second congressional district have
nominated William E. Robinson, and
want the Greecbackers to endorse
+, him.
1t took four years to put down the
slave oligarchs; it will not take so
long to put down the bank Oligarchs.
We put down the first with bullets;
We'll put down the second with bal
lots.
Johu Sherman now invites all this
idle money to be converted into small
per cent. bonds, so, while it is lying
idle. waiting for property to fall, it
can be drawing interest from the al
ready over-burdened people.
The president says the amount Of
currency in circulation in 1855 was
S733,7l9,2 e6; Sherman says it was
1888, 1913, 1887; and the books Of the
treasury show it to have been nearly
two thousand millions. Who is to be
believed, the president. the secreta-
ry, or the treasury documents 3
Daily People.
The condition of labor and general
business is as bad when money is
boarded as though it did not exist.
Why is money being boarded Be-
cause, in consequence of the constant
shrinkage in volues, produced by the
want of active money, the purchas-
ing power Of boarded capital is in
creasing more rapidly than could it's
profits by the best investment in the
country.
The S350.000, 900 of greenbacks in
circulation afforded the government
that much profit, and saved the PEG.
pie that much taxation. The $780,
OOO,OO Of bank currency in circula-
ton added that much to the wealth
Of the banker, without beneftting the
government dollar. and is costing
the people millions of dollars annu-
ally to pay the interest on the bonds
deposited by the banks as their basis.
The people received in payment for
supplies furnished, labor performed,
and services rendered; many millions
Of dollars in greenbacks, with a
pledge and sacred promise from the
government inscribed on the back Of
each note. that this money was legal
tender, and lawful money in payment
of all debts. both public and private.
except interest on the public debt.
Was it not reputation by congress
when it violated this contract, in the
credit strengthening act OF 1921"
and was not that act in violation OF
that clause OF the constitution which
prohibits congress from exacting er
post Jncto laws. or laws impairing the
validity Of contracts
Why this i'll timed confusion Of the
minds OF good people just as they
have been almost persuaded
outthe greenbacks astO vine
signs Of unredeem-ed obligationsl
Boston Transcript. Ili.timed.
is it! We should like to
know where the national banks would
be with the greenbacks s.wIped ont"
That's the most revolutionary PROPOSE
tionof all. The situation, after the
greenback is at par, forces a new and
positive policy. either to maintain
the existing government currency, to
provide an exclusively treasury cur.
reEcyi or to surrender the whole cur.
rency function back to the banks.
Shall We gain anything by resolutely
shutting Our eyes and going IL blind.
= the Transcript proposes ESpyine-
| feII 1<Psttices.