The anti-monopolist. [volume] (Saint Paul, Minn.) 1874-1878, 1878-09-12

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 1t Is a metallic currency
W. H. Harrison, Inaugural address, State Pa
pers. 3, -, i.
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 ampe author
ity 20 control the credit circulation --Salmon
7. Chase, Report, Dec. 1861.
The money question is not 50 much of
grain racker as is by many supposed, but tits
rather simple when Investigated i'll the right
manner. Money is simpya measure Of values
and as the nation contracts its circulation, it
contracts the value Of all property in like pro-
po ton. 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 be found necessary, thrown into
circulation, will take the place of SO much
gold and silver. Bank paper must besuppr-ss-
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 barbarism.-R
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 a legal tender in payment OF
debts The Constitution-Daniel Webster.
Money should be a thing Of, or belonging to,
a country, not OF or belonging to the world.
An exportable commodity is not fitted to be
money, and nothing could be more monstrous
than Englard's principle followed by the
United States up to the war-h1r legislation
forcing her people to be buyers of gold and
making their possession of gold--one of the
scarcest articles in the world 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-
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 the
supreme Importance of the precious metals at
once fell to the ground. English History of
Commerce. Buckle.
Benjamin Franklin. in volume 4, page S., of
his works, says: "Go.d and silver are not in
trnsieally Of equal value with iron. Their
value rests chiefly on the estimation they hap
pen o be in among the generality OF nations
Any other well founded credit is a. much all
equivalent as gold and silver. Parer money,
we'll founded, has great advantages over gold
and silver; being light and convenient tor hand
ling large sums; and hot likely to have its vol
nme reduced by demands for exportation. On
the whole 10 method has hitherto been formed
to establish medium OF trade equal in all 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 parted with commodities or services
and has not received an equivalent
Gold and silver coin must be redeemed by
commodities and services OH demand, or they
can no more perform the junction Of money
than can irredsernabe 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 III :
| trlnslc 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 mystitied the works on economy arises
ont Of the fact of not Distinguishing betweer
gold as merchandise and gold as stamped mon
ey.-Ch has. Moran. France
Reader can you define the sentence "main.
tanning the credit OF the nationi" 1t is simpl,
paying the bondholder gold while th- indus.
trial classes starve journal, Pot Huron
Michigan.
Fellow citizens, believe in the greenback
believe 1t is constitutional currency in tim,
OF peace rs We'll as in time of war. | b@liav,
1t ought to bs pefpetuated as Fundamental
basis and an element Of our whole paper elrcu
lasion. | have no doubt that ii is as far as i
goes, the very best currency that ever was il
this or any other country Stanley Mathews