The anti-monopolist. [volume] (Saint Paul, Minn.) 1874-1878, 1878-05-16

the prics Of gold would be raised beyond
measure and We should see produced in Ru-
rope result Ilamentabls snough.-Lem Fam
chett.
Money, as used in modern civilization, is q
useful instrument that facilitates the exchange
Of commodities aud services.
The intrinsic value idea of money was the
idea in the crude day OF barbarism.-Rseces'
Encyclopedia.
Congress shall have the power to coin money,
to regulate the value thereof and offoreign coin,
emit tills of credit, or make anything besides
gold and silver q legal tender in payn ent Of
debts. The Cohstitution-Daniel Webster.
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 it is metallic currency.
W. H. Harrison, Inaugural address, State Pa.
pers. 2. IL, 4.
1t is too clear to be reasonably disputed that
Congress, under its Const utional powers to
lay taxes, to regulate commerce. and to regu-
late the value OF cMn, Possesses ampe author
ity to control the credit circulation. Salmon
2. Chase, Report, Dec. 1861.
The money QUESTION is not 20 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 contra. IS its circuL ton, it
contracts the value Of Ill property in like pro-
potion. A. H. CASTOR.
Thomas Jefferson in his letters to Mr.. Epps,
volume Of his works, says Treasury bills,
bo:tomed on taxes, bearing or not bearing in
terest, as may be found necessary, thrown into
geld and silver. Bank Taper must be suppress
ed, and the circulationr 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 be perpetuated as fundamental
basis aud an element Vi our whole paper ciycu-
la ion. have no do bt 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,
acountry, not OF or belonging to the world.
An exportable commodity is not ttt-d to he
than EnglaEd's principle = followed by the
United States up to the war-h"r legislation
forcing her people to be buyers of goid and
making their possession of gold one of the
scatre.t articles in the world--the condition OF
thei' being able to furnish themselves with
food and clothing Isaac Buchanan
+ \ But when it was once clearly un-
derstoOd that gold and silver are NO. wealth,
but merely representatives. OF wealth; when
men began to see that wealth itself solely coli
ssts OF the va,ne which skill and La Dor can add
to the raw material, and that the money is of no
possible use to Il nation except to measure and
circulate its riches; all Il old notions Of he
supreme Importance of the precious metals at
once tell to the ground. Engtlsh History of
Commerce. Buckle
B-njamin Franklin, in volume 4. page So, of
his works, says: 'sGo.d and silver are not in
trinsicaly Of equal value with iron. Their
value rests chiefly on the estimation they hap
pen be in among the generality of natlous.
Any other wei founded credit ID as much all
equivalent as gold and silver. Parer money,
we'll founded, has great advantages over gold
aud silver; being light and convenient tor hand =
ling large sums; and not likely to have its VOL
nme reduced by demands for ex pprtation. On
the whole no nlethed has hitherto sbeen formed
to establish a medium of trade equal in al its
advantages, to bills Of credit made general
legal tender"
When the laborsr has received his wages in
money he has nO.rceeived an equivalent for his
services, but ouly something which viii enable
him to get what he requires. The money there
fore is not the equivalent, but the evidences
that he has ported with colnmo title or services
and has not received an equivalent.
Gold aud silver coin must be redeemed by
commodities and services on demand, or they
can no more perform the function Il money
than cali irrede-lnable paper lnoLey.
The simplest and most p rfect form of cur
rency is that which represent. transferable
d-bts--paper money With no intrinsic value.
Coin so long as i circula,es for the purpose OF
buying and selling for the time, loses Its IN /.
trinslc 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 tue works on economy arises
out Of the fact OF not ais ingulshing between
gold as merchandise and gold As stamped mon
| ey.-Chas. Nor III. France.
Reader can you define the sentence "main-
| tanning the credit Of the natisni" II is SIMPLY
paying the bondholder gold while the indus
trial classes starvs Journal, Pot Hu-on,
Michigan.