The anti-monopolist. [volume] (Saint Paul, Minn.) 1874-1878, 1878-09-26

the price of gold would be raised beyond
measure and we should see produced in Eu-
rope result lamentable enough.-Lem Fan
chett.
! Ifthere 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 metallic currency
w. Ii. Harris" '"anonral address, State Pa.
pers. p, II, 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 alnpe author
ity 20 control the credit circulation. --Salmon
z. Chase, Report, Dec. 1861.
| The money question is not SO much Of a
grain 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 contracts its circulation, it
contracts the value of all property in like pro-
portion. A. Il. CASTOR.
Thomas Jefferson in his letters to Mr.. Epps,
volume Of his works, says: "Treasury bills,
! bottomed on taxes, bearing or not bearing In
terest, as may he 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 barbarisn.-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 legal tender III payr ent OF
debts. The Constituton-Daniel Webster.
Oh l,o n rof Ill g..
a country, not Of or belonging to the world.
An exportable commodity is not fitted to be
money, and nothing could be more INDUSTRIOUS
than Englard's principle 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
their 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-
ssts OF the vaine which skill and labor can add
to the raw material, and that the money is of no
possible use to 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, in volume 4, page So, of
| his works, says: "Goid and silver are not in
trinsically Of equal value with iron. Their
value rests chiefly on the estimation they hap
pen TO be in among the generality Of nations.
ANY other well-founded credit is as much an
equivalent as gold and silver. PAPER money,
we'll 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 pOrtation. On
/ thp W hole n m hOl has hitherto boap formed
to establish a medium of trade equal in all its
advantages, to bills of credit made general
| legal tender"
When the laborer has received his wages III
money he has not received an equivalent for his
services, but only something which will enabl.
| him to get what he requires. / he money there
fore is not the equivalent, but the evidence
that he has parted it'll 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 irredeemable 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 time, loses its in
trnsIc 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 whicr
has mystified the works on economy arise.
out Of the fact of not distinguishing between
gold as merchandise and gold as stamped mon
eye has. Moran, France.
Reader can you define the sentence "main
tanning the credit of the nations' 1t is simply
paying the bondholder gold while the indus
trial classes starve journal, Port Huron
Michigan
Fellow citizens, believe in the greenback.
believe it is a constitutional currency in tim
of peace as we'll as in time OF war. | beev
IT ought to be perpettiated as a fundamental
basis and an element OF our whole paper circu
la'ion. | have no doubt that it is as far as
goes, the very best currency that ever was il