The anti-monopolist. [volume] (Saint Paul, Minn.) 1874-1878, 1878-11-14

It 90 clear to be reasonably disputed that
Congress, under its Constr utiunal powers to
lay taxes, to regulate Commerce. and to r.gu-
late the value Of cam. Possesses anpe author
ity ~ control the credit circulation. Salmon
7. Chase, Report, Dec. SOL.
The money QUESTION is not 50 much Of
gram racker as Is by many supposed, but it is
rather simple wAen inves: igated in the right
lnanner. Money is sirnpl "a measure Of values
and as the nation contra, Is its circuli tion it
contracts the valut.o! Ii property in like pro-
20. ton. A. Il. Castor.
Thomas J-ferson in his letters to Mr. Epps,
volume . Of his works. says: "rreasury bills,
bouOued OH taxes, bearing or not bearing III
teiesr, as MAY be found necessary, thrown INTO
circulation, will take the place Ut so much
gold and silver. Bank Taper must De suppress
ed, and the cir ulationr eatored to the nation,
to whom it beoiigs."
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 barbaris .u.-Reecss'
Encyclopedias.
CONGRESS shall have the power to coin money,
to regil ate the value thereofana offorelgn coin,
emit il OF credit, Oh MAKE anything besides
gold and silver Il legal tender Ill payn en-. of
debts The o'.stitulon-D Daniel Webster.
Mo@e, should b. & thing Of, or belonging to,
acounsry, not Of n-longlng to the world
An eXpprta';ie commodity is not fitted to le
money, and nothing could b moe industrious
than f.llgl.,:ts principle followed 10y the
United States up 70 the War-h legislation
forcing her people 10 be buyers OF god and
making their possession OF gold one of tie
sc;ice>s articles iii the Wull- the condition OF
tiieir beins able to furnish themselves with
food and clothing. Isaac Buchanan
X = Bat when il was once clearly url-
d-fatoo.i that gold and silver are not weaitI,
bag merely representatives. OF wealthy; VIXEN
iEen began 10 SEE that wealth itself solely co.,
sist5 OF ti.r vane which skill and labor can add
to the material, and that the money is of no
possible USE to nation except to Measure and
circulate its riches; ali t. old notions of III.
supreme Importance Of the precious metals at
once tell to the ground. : Englsh History Of
Commerce. Buckle.
B-nialnin Franklin, in volume a. page So, of
his works, says: "Go.d and silver are not in
tiin>cally Of equal value with iron. Their
value rests chiefly Oh the estimation they hap
pen be in among the generality of nations
Any other vel founded credit is as much an
equivalent as gold and Silver. Pa, er money,
we'll founded, has great advantages over gold
aud siiver;b being lg't and convenient tor hand
ling large SUNS; and not likely to have its vol
mae reduced by deuands for expiration. On
the whole no method has hitherto been jormed
10 establish a medium ot trade equal in a lis
advantages, to bills of credit made a general
legal telIorr.'
When the laborer has received his wages in
money he has not received .n equivalent for h,
services, but only SOM thing which will enable
him to get what he requires. The money there
fore is not the equivalent, but the evidence
that he has p3ited With connotlti' or services
and has not received an equivalent.
God and silver coin must be redeemed by
commodities and services on demand, or they
g III no moe perform the Junction Of MONEY
than can lrre,teelnable paper motley.
The simplest AID most perfect form of cur
rency Is that which iepr sents transferable
ifhis-- paper money with no intrinsic value.
Com so long as itcirculates for the purpose of
buying aud Selling for thu Zine, loses It's m
trnslc value.
As commodities gold and sil-er are capital,
but as mere moDey they are mere reprtsenta-
t,veS OF value.
y | the confusion on the subject and which
has iny>tilied the works on economy arises
out Of thu fact Of not dis ingushing b-tween
gold as merchandise and gold as stamped mon-
ey.--Chas. Nor IN, France.
Reader can you define the sentence "main-
tanning the credit of the naton" II is simply
paying the bondholdrr gold while the indus
trial classes starve Journal, Pot Huron,
Michigan.
Fellow citizens, I believe in the greenback.
believe it is u constitutional currency i'll TIM
OF peace. as We'll as in time of war. believe
it ought to be perpetuated as a fundamental
basis and an element If our whole paper circu-
la ion. have no doubt that it is as far a. i;
goes, the very best currency that ever was IN
this or any other country Stanley Mathews.