The anti-monopolist. [volume] (Saint Paul, Minn.) 1874-1878, 1878-02-28

capacity. 1t would be a sweet Cnlns
to have the opinions Of the New YOrl
press on this remarkable state of af
fairs.
The taxpayers of New Orleans com
mittee complain. with apparent just
ice, that they are taxed for bonded
debt of $s24, 100000, when their true
and legel debt is $4.391 900. The
state tax is IA - mills, which is four
teen times that of Massachusetts and
Pennsylvania, and nearly times that
of New York. Judge T. Wharton
COllens. "the special master in Chan
cerY'' to consider the case, has decid
ed that all the debts above the amount
named has been contracted ''in viola.
ton of the act Of 1852"
A small print clothes factory in
New England saved $500 last month
by paying its employees in silver in.
stead of greenbacks.-N. Y. Tribune.
That is the way the Gold Bugs play
the game. They put debt Of sixty
millions of bonds upon the country in
currency. which was par with green
backs, and substitute in it's place an
84.cent dollar of subsidiary coin, and
made there coins legal tender to the
amount of SIS for the express purpose
Of swindling laborers. The Tribune
urged forward and approved the poll
cy, and now rubs its hands in glee at
the result accomplished.
The Burlington Gazette knows of a
man who ten years ago bought ten
thousand dollars worth of Z. S. bonds
for which he gave $4,000 in green
backs. These bonds to-day are worth
$50, 900. 1t knows of another man
who, at the same time bought a piece
of property; for which he paid $12,-
600. The property is fully as good to-
day as it was then, if not better, but
it cannot be sold for $4,000. The lat
ter paid heavy yearly taxes ever
since on his investment, and the form
er not a cent! This is a great coun-
try and model republic. -Erchange.
Under the Gold Bug reign it is
crime to own real estate, and the men
who own it must be ruined.
1.-The gOld-bug organs protest that
the bonds were not originally payable
in greenbacks. Please Mr.. Hardmon-
ey man. put your hand in your pocket,
and pull out one Of your Uncle Samu-
els paper dollars. Read the back of
it. This note is a legal tender, at it's
face value, for all debts. public and
private, except duties on imports and
interest on the public debt The
same law that authorized the issue of
5he bond, provided for the issue of the
5reenbacks. Does not the clause
quoted make the greenback legal
lender for the principal of the public
lebt! After you've answered this
we will give you Il harder
)ne.'
General Ewing's speech on the finan-
res to the Maryland legislature. at
contained Il multitude of
Interesting facts. Here are few
leading ones: There is not $500, 000,-
100 of gold and silver coin in the
country. and there will not be on jan
nary I, 1879. when the redemption of
1850, 200, 900 of paper money is promis-
ed. Resumption can only take place
by decreasing the amount of paper
money currency 40 per cent. This
will cause Il depreciation of all sorts
of property to less than a third of its
present value. The shrinkage of val
lie of all property to one-third of its
present amount will cause widespread
failures, the stoppage of
all industrial enterprises, and the
most terrible distress, with possibly
widespread anarchy.
DR.. +. Z. Miller has an instructive
article on ''bussinesS failures in 1877"
in the New York Advocate. Quoting
from the Mercantile Register of New
York he shows that: In Canada,
where they are on specie basis, one
man in thirty has failed in 1877. while
in the west there has been only one
in eighty-four. Again. in the Pacific
states, where they are on 4 specie ba-
sis. one in every forty has failed,
while in the south, where there is no
specie of any kind. only one in eighty
five have failed These figures show
that more than two business men have
failed in Canada and the Pacific states.
where specie is the basis. while only
one has failed in the south and west.
where greenbacks are the basis,
The People. of Pittsburg. Penn.
SAYS that Greenback orator. who was
recently called into an agricultural
district, was agreeably disappointed to
find that Ibis doctrines for govern
ment money and low interest were not
only heartily endorsed, but were de-
clared TO be the ultimatum of the
farmers who came. 1t did not take
long To find out the reason of this I'M
expected change. Three-fourths of
the farmers have their farms mort
gagged. The Sheriff is among them
like wolf among sheep. Many of
them have been already dispossessed.
Others expect, every day, TO be driven
from their homes. All are burdened
down with high rates of interest.
They see that they are laborin- for
the tax collector and the money lend
ers. Hence the revelation.
Nhe Cumulitive system of Taxation.
This system appears to be very i'm.
perfectly understood. The system,
briefly stated. is that if 4 person is as
sessed 81. 200 he be taxed So. if assess.
ed 5000 he be taxed Sla. and as the
assessed value of their property in.
creased that the amoun. of taxes
should be increased by fixed ratio
scale. The pgopriety and justice OF
the system will be readily seen when
il considered that in proportion rs the