The anti-monopolist. [volume] (Saint Paul, Minn.) 1874-1878, 1878-10-17
the price of gold would be raised beyond
measure and We should see produced in Eu-
rope result lamentable enough.-Lem Fan

the price of gold would be raised beyond
measure and we should see produced in Eu-
rope result lamentable enough.-Lem Fam
chett.
Ifthere is one measure better calculated than
another to produce that state of things where
the rich are daiiy getting richer and the poor
daily getting poorer it is a metallic currency
w. H. Harrls~ Inaugural address, State Pa.
pers. Q. IL, 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 com, possesses amp'e author
ity TO control the credit Circulation Salmon
P. Chase, Report, Dec. 1861.
The money QUESTION is not 80 much Of a
grain racker as is by many supposed, but it is
rather simple when Investigated III the right
manner. Money is simplya measure Of values
and as the nation contra IS its circula ton, it
contracts the value of all property in like pro-
pol ton. A. b. 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 be found necessary, thrown into
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 barbaris n-Reeces'
Encyclopedia.
Congress shall have the power to coin money,
to regulate the value thereof and off0reign coin,
emit bills of credit, or make anything besides
gold and silver legal tender in payu ent OF
debts The Constitution-Daniel Webster.
Money should be- thing of, or belonging to,
a country, not of or belonging 20 the world.
An exportable commodity is not fitt-d to be
money! and nothing could b.. more INDUSTRIOUS
than EnglaGd's princi pie 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--O one of the
scarest articles in the world condition of
their being able to furnish themselves with
food and clothing. Isaac Buchanan
Il 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 con-
ssts OF the va,ne which skill and labor can add
to the raw material, and that the money is of no
possible use to Il nation except to measure and
circulate its riches; all tie 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: "Go d ana silver are not in
trinscally Of equal value with iron. Their
value rests chiefly on the estimation they hap
pen be i'll among the generality Of nations.
Amy other wei founded credit is as much an
equivalent 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 expectation. On
the whole no method has hitherto been formed
to establish medium Of trade equal in its
advantages, to bills of credit made general
legal tender"
When the laborer has received his wages in
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 All 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 moLey.
The simplest ard most p. fleet form Of cur
rency is that which repr sentS transferable
debts paper money with no intrinsic value.
Coin so long as it circulates for the purpose of
buying and selling for tn. Lime, loses its IN.
trinslc 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 mystified the works on economy arises
out Of the fact OF not dis ingulshing between
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 nation!" 1t ia simply
paying the bondholder gold while tn. indus
trial classes starve journal, Pot Huron,
Michigan.
Fellow citizens, believe in the greenback.
believe it is constitutional currency in time
of peace rs we'll rs in tune Of war l believe
It ought to he PEI p-tusted AS a fundamental
basis and an element Of our whole paper circu.
laiOn | have no dot bit that it is ~ far a. il
goes, the very best currency that ever was in