The anti-monopolist. [volume] (Saint Paul, Minn.) 1874-1878, 1878-10-24


continuance during the last twelve
years. And the Republican party
which was the author of this injustice,
and which have continued it to the
present time, though they have had
at all times the power to remedy this
great wrong if they had chosen to use
it, should now be justly condemned
by the votes of the people to eternal
oblivion as party.
2. The act exempting bonds from
taxation. All that we have said of
wrong and injustice in the proceeding
item applies also to this. The party
| have exempted from taxation the
rich. and thereby double taxed the
poor; and they have repeated and
continued this wickedness for the last
twelve years without any necessity,
experience or justice; and every one
who votes the Republican ticket votes
to continue the wrong ad Hbitum,
making the taxes of the common
people greater, that a favored few
may roll in wealth and pay no part of
the public expense.
5. The act creating the national
banking scheme. We proved last week
| that this law, enabled bankers to roll
| up an income of more than fifty per
cent on their capital, which it exempts
from taxation, that it gives them
double interest on their money, the
government paying them interest on
the bonds, and the people paying
them interest on their bills.-And
this bank monopoly presents this
anomaly-when other people get in
debt and give note therefor, they
| commonly pay interest on this note;
but when the banker gets in debt and
gives his note. he asks and receives
interest instead of paying it; and the
| deeper he gets in debt the faster
wealth rolls in upon him. 1t also
gives him the power of depressing
the people, of initiating or contracting
the circulation as his own interest
may dictate. And these banks are
wholly unnecessary, and dangerous to
liberties of the country, and the law
creating them should at once be re-
pealed.
4. The act changing currency bonds
into coin bonds. These bonds were
first made payable in the legal-tender
currency of the country, but as the
banks had succeeded in depreciating
it. making coin the more valuable
money, the bankers thought it would
add few millions to their already
enormous income by getting law
passed making this change. This
they effected by bribery. AS all their
incomes come out of the pockets of
the working men. this act of congress
should condemn the party that passed
it to final oblivion. For this crime
against the workingman, the working
man should condemn with his vote.
). The act repeating the income
tax. Our taxes should not be predica.
ted upon the property we hold. but
upon the profits we desire from it.
But the attempt to argue out this
proposition would make this article
to long.
8. The act for issuing interest.
bearing bonds for the purchase bf
silver bullion to be converted into
subsidiary coin. The people were
well satisfied with fractional currency
They never complained of it; they
never sent up q single petition to
congress to have it changed to coin
And the law increasing our bonded
Indebtedness for the sake of coin not
near so convenient rs the currency
was. is a crime against the people
which the people should condemn By
their votes.
!. The act for the forced resump
ton Of specie payments. Like the
proceeding the people never asked fol
such law. They were wholly salts
fed with the greenbacks. The Law
originated with the bankers. The
object of it was 10 increase theil
profits. The means to be used was q
tremendous contraction Of the cir
cuIating medium. This deprecated
} the value of all property but enhanced
! the value of their bonds and mort
cages. It has made them richer, but
. it has made the people very much
, poorer. Now let the people show
. their condemnat ionof the wrong BY
, their votes against the party thai