The anti-monopolist. [volume] (Saint Paul, Minn.) 1874-1878, 1878-03-21

NOOO GtAy OAO CuRHOoO L NANOAAO oAA>
locking up of the three or four hun
dred millions of silver bullion in the
shape of silver dollars to be borrowed
by the United States on our bonds tc
, be paid for from taxation!
WE WANT THE GREENBACK
for. our currency and mean to have it,
but do not desire that the greenback
country as it has dOne-villified, in.
suited, deprecated by the act of the
government itself.
THE AMERICAN SYSTEM OF FINANCE
which will obtain in the near future,
and hope at once. which l desire is
First-A dollar that shall have at
all times a certain fixed and stable
value below which it cannot go.
Second demand that that dollar
shall be issued by the government
alone, in the exercise of it's high pre-
rOgative and constitutional power,
and, that that power shall not be del
egated to any corporation or indi-
vidual.
Third want that dollar stamped
upon some convenient and cheap
material of the least possible intrinsic
value, SO that neither it's wear nor it's
destruction will be any loss to the
government issuing it.
| FOURTH also desire the dollar to
be made of such material, for the
purpose. that it shall never be ex-
ported or desirable to be carried out
of the country. Framing an Amer
lean system of finance / do not pro-
pose to adapt it to the wants of any
other nation.
Fifth desire that the dollar so
issued shall never be redeemed. I
see no more reason why the unit of
measure of value should be redeeQed
OF redeemable. than that the yard
stick with which l measure my cloth
should be redeemed.
Sixth-FOr convenience. only. I
propose that the dollar so issued shall
be quite equal, or little better than
the present value OF the average gold
dollar of the world, not to be changed
or changeable if the gold dollar grows
lower in value or grows higher. 70
give the greenback currency thus de-
sired fixed and stable value,
would make it fundable at all times
at Il sufficient number of places, con-
venlent to the people, in coupons or
registered bonds of $50, and the null
tiples thereof, up to $40, 900, bearing
interest at 1855 per cent. payable
semi-annually, which bonds should be
recoverable into currency at the
pleasure of the holder at every public |
depository.
Thus, would have
A CURRENCY BETTER THAN A GOLD
currency. unalterable in value. be |
cause founded upon the wealth. |
power and property, together with |
All the gold and silver of the country,
held by all the people. whose interest |
1t would be to keep it at a steady |
measure of value, to which all prop
erty would soon accommodate itself.
and ultimately the whole national
debt would be brought home from |
abroad and funded into this national |
bond.
In conclusion he said: | sketched |
in this place this system of finance
nine years ago. 1t was not popular
then, perhaps because unknown. 1t
Is now much more known and has be-
come the demand of the people. | |
have received political persecution.
and sometimes almost social ostra-
cism, because of those views ever
since. What motive could | then
have had. and now have, to advocate
them. except for the prosperity,
power and glory of my country. in
behalf Of which | have endeavored to
do all that | might do in the front
while my detractors stayed in the
rear with the bummers and suffers.
Because of their advocacy have been
called a demagogue. seeking to ride
into power on popular cry or by
wandering to popular prejudice. If
uemagogue. why did | then advocate
nd still cling 10 an unpopular meas
IRE! On the contrary. the statesman
seeks to remedy the hurtful errors in
the government of his country: and
to instruct the popular mind in regard
to them. to their true interest. and to |
see the right rs it is given him to see
1t. regardless of loss or gain of place
or power. BY that standard | am /
ready to have all.my acts tried in the
candid judgment of all just men.