The anti-monopolist. [volume] (Saint Paul, Minn.) 1874-1878, 1878-08-01


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 ana the poor
daily getting poorer it Is a metallic currency
w. H. Harrison, Inaugural address, State Ia.
pers. 2, II, 4.
It is too clear to be reasonably disputed that
Congress, under its Consti utional powers to
Law taxes, to regulate commerce. and to regu-
late the value of coin, possesses afnpe author
ity 70 control the credit circulation --Salmon
?. Chase, Report, Dec. 1861.
The money question is not so ,uuch Of a
grain racker as Is by many supposed, bat 1t IS
rather simple when Investigated i'll the right
manner. Money is simplya measure OF values
and as the nation contrat IS its circul ton, it
contracts the value of all property III like pro
portion. a. H. CASTOR.
Thomas jefferson in his letters to Mr.. Epps,
volume of his works, says: "Treasury biil>,
bo:tomed on taxes, bearing or not bearing III
circuia ion, will take the place OF SO much
gold and silver. Bank PAPER must oe suppress
ed, and the circulation estored to the nation,
to whom it belongs"
Money, as used in modern civilization, is Il
useful instrument that facilitates the exchange
Of commodities and services.
The intrinsic value idea of money WIS the
idea in the crude day Of barbaris u-Reec..s'
Encyclopedias.
Congress shall have the power TO coin money,
to regulate the value thereof and oftoreisn coin,
emit bills OF credit, or make anything besides
gold and silver legal tender i'll payu ent Of
debts The ohstitution-Daniel Webster.
Money should b. thing Of, or belonging to,
.nrp4ry not IF ar i,.)ouu;np n the world
An eS portable commodity is net t;tt.d to Ire
money, and nothing could b. more INDUSTRIOUS
than Engla,d's principle followed by the
United States up to the war-h-r legislation
forcing her people to te 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
\ y 4 But when it was once clearly I'M
derstood that gold and silver are no. wealth,
but merely representatives OF wealth; when
men began TO see that wealth itself solely COIL
sists OF the vaine which skill and labor eau add
to the 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 he
supreme Dportance of the precious metals at
once tell to the ground. English History IF
Commerce Buckle.
Benjamin Franklin, in volume 4. page So, Of
his works, says: ''Go.d ami silver are not in
trinscally Of equal value with iron. Their
velue rests CHIEFLY on the estimation they hap
pen o be in among the generality Of nations.
ANY other wei founded credit is as much an
equivalent as gold and silver. Ptuer 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 expectation. On
the " hole no method has hitherto been formed
10 establish a medium of trade equal in all its
advantages, to bills of credit made a 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 enable
him TO get What he requires. The money there
fore is not the equivalent, but the evidence
that he has ported with commodities or services
and has not received an equivalent.
Gold and silver coin must be redeemed by
commodities and services 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 :
trlnsic 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 rnystied the works on economy arises
out Of the fact of not distinguishing between
gold as merchandise and gold as stamped mon
ey.-Chas. Norm. France.
Reader can you define the sentence "main-
tanning the credit of the nations' 1t is simply
paying the bcndholder gold while the indus
trial classes starve journal, Port Huron,
Michigan.
| Fellow citizens, | believe in the grcenback
believe it is constitutional currency in time
/ of peace as we'll as in time Of war | believe
it ought to be perpetuated as fundamental
basis and an element of our whole paper circu-
! lation. have no doubt that it is as far As it
goes, the very b., currency that ever in
! this or any other country Stanley Mathews