The anti-monopolist. [volume] (Saint Paul, Minn.) 1874-1878, 1878-03-28
FACTS FOR THE PEOPLE.
Notes on Demonetization-O Opinions of Prom
inent Men-Read and Ponder!

Notes on Demonstrations Opinions of Prom
nent Men-Read and Ponder!
Money of every kind is an order for goods
An Inquiry
The friends of gold avoid debate because
discussion is fatal to their schemes.
Computed in silver, the bonds did not cost
their owners over seventyfve cents on the
dollar.
Coins became indispensable only when claim
ed as legal right.-Ways and Means OF Pay
ment-COLwELL.
Currency should he that which is most val
liable to the state, and of no value to any other
country. -PLATo.
Gold resumption means that every debtor
shall pay at least quarter more than he re-
ceived or agreed to pay.
81 conceive the establishment of this bank
(NatiOnal Bank as dangerous to the safety and
welfare of this republic. HENRY CLAY.
Whatever men can employ in payment of
debts, they will be willing to receive in pay
ment, and this independent of legal compul-
sion.
An increase of the weight of the silver dol
lar will increase the wealth of the money lem
ders and increase the burdens of the producers.
''The right to issuing paper money as cur
rency, like that of gold and silver coin, be-
longs exclusively to the n"-ALBERT
GALLATIN.
The suppression decentralization of silver
would amount to a veritaule destruction of val
ueS without any cOmpensatiOn.-BARO
RoTHsCILD.
A man who knows the facts of the case and
opposes the restoration Of the silver dollar, is
deferred fiom theft only by lack of safe oppor-
tunity.
Thank God there is one country where pro-
auctions are so broad that they cannot be
measured by the insignificant quantity of gold.
Isaac Buchanan, NJ. P. Canda.
If by the stroke of the pen, they suppress one
of these metals (gold or silver in the moneta-
ry service, they double the demand for the 9TH
er metal, to the ruin of all debtors-M Wo-
lowski.
II all the nations of Europe adopted the sys-
tenn (the single gold standard) of Great Britain,
the price of gold would be raised beyond
measure and we should see produced in Eu-
rope result lamentable enough.-Lem 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 i'll the crude day of barbarism. Recess
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 legal tender in payment OF
debts. The Constitution-Daniel Webster.
| If there 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. d. Harrison, Inaugural address, State Pa.
pers. 2, IL, 4.
| 1t is too clear to be reasonably disputed tina,
Congress, under its Constitutional powers to
lay taxes, ito regulate commerce. and to regu-
late the value OF coin, possesses ample author
ity to control the credit circulation Salmon
P. Chase, Report, Dec. 1861.
The money question is not so much of q
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 contracts its circulation, il
contracts the value Of all pro perry in like pro
portion. A. H. CASTOR
Thomas Jefferson in his letters to Mr.. Epps.
volume of his works, says: Treasury bills,
bottomsd 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 be suppress
ed, and the circulation estored to the nation.
to whom it belongs"
Fellow citizens, believe in the greenback. |
believe it is constitutional currency in time
OF peace as well as in time Of war. | believe
It ought to he perpetuated as a fundamental
basis and an element of our whole paper circu-
lauon. | have no doubt that it is as 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 monstrous
than England's principle followed by the
United States up to the war-her legislation
forcing her people to be 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 -lsaac Buchanan
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-
slsts OF the valne which skill and labor can add
to the raw material, and that the money is of no
possible use to nation except to measure and
circulate Its riches all the 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: "Gold and silver are not in
trinsicallY OF equal value with iron. Their
value rests chiefly on the estimation they hap
pen 10 be in among the generality of nations.
Any other weli-founded credit Is as much an
equivalent as gold and silver. Paper money.
well founded, has great advantages over gold
and silver, being light and convenient for hand
ling large sums; and not likely to have its vol
nme reduced by demands for ex portation On
the whole 10 method has hitherto been formed
to establish medium Of trade equal in ali its
advantages, to bills Of credit made general
legal tender -
When the laborer has recaived his wages in
money he has not received an equiyalen. for his
services, but only something which will enable
him TO get what ne requires. The money there
fore is not the equivalent, but the evidence
that he has parted With commodities or services
and has Eot received an equivalent.
Gold and silver coin must be redeemed bv
commodities and services on demand, or they
can no more perform the function Of money
than can irrsdeemable paper money
The simplest and most perfect form Of cur
rencv is that which represents transferable
deb.s--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 are mere representa-
tives Of value.
All the confusion IN tho an iocs and wisics,