The anti-monopolist. [volume] (Saint Paul, Minn.) 1874-1878, 1878-05-02

| the price of gold would be raised beyond
measure and We should see produced in Eu-
rope q result lamentable enough hem 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 Observation-Disclosures
Encyclopedia.
Congress shall have the power tocoin money,
to regulate the value thereof and Of foreign COIN
emit bills of credit, or make anything besides
gold and silver legal tender i'll payn ent OF
debts. The Constituton-Daniel Webster.
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. H. Harrison, Inaugural address,, State Pa
pers. IL, 4.
1t is too clear to be reasonably disputed that
Congress, under its Const utional powers to
late the value OF coin, possesses ampe author
ity to control the credit circulation. Salmon
2. Chase, Report, Dec. 1861.
The money question is not so 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 circuls ton, it
contracts the value of all pro erty in like pro-
portion. A. H. 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
gold and silver. Bank paper must besuppress-
ed, and the circulation estored to the nation,
to whom it belongs"
Fellow citizens, | believe in the greenback
believe it is u constitutional currency in time
of peace as well as in time of war. | believe
1t ought to be perpetuated as q fundamental
basis and an element Of our whole paper circu-
la,ion. ! have no doubt that it is az 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,
country, not Of or belonging to the world
An exportable commodity is not fitted to be
money, and nothing could b.. more INDUSTRIOUS
than highlands principle followed by the
United States up to the war-h-r legislation
forcing her people to be buyers of gold and
making their possession of gold--Oue of the
scarcest articles in the world the condition of
thei- being able to furnish themselves with
food and clothing. Isaac Buchanan
4 4 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 colt
sists 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 he
importance of the precious metals at
once tell to the ground. English History of
Commerce. Buckle.
Benjamin Franklin, in volume 4. page IS, of
bis works, says: Good and silver are not in
Of equal value with iron. Their
value rests chiefly on the estimation they hap
pen 10 he In among the generality of natlolis
Any other welr-found-d credit is as much an
as gold and silver. Parer money,
we'll founded, has great advantages over gold
aud 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
the W hole no method has hitherto b-en formed
to establish a medium of trade equal in all its
to bills Of credit made a general
legal tender"
When the laborer has received his wages in
money no 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 parted With commodities or services
and has not received al equivalent.
Gold and silver coin must be redeemed by
and services ON demand, or they
can no more perform the function Of money
than can irredeemable paper moi.ey.
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.
trinsic value.
As commodities gold and silver are capital.
but as mere money they arc mere representa-
tives OF value
All the confusion on the subject and which
has mystited the works on economy arises
out Of the fact OF not distinguishing 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 nations" It is simply
paying the bondholder gold while the indus.
trial classes starve Journal, Port Huron.
Michigan.