The anti-monopolist. [volume] (Saint Paul, Minn.) 1874-1878, 1878-08-15

the price of gold would pe raised heyoiia
measure and We should see produced III Eta
rope result lameutabe enough --l4eils FAN
chet.
Ifthere is one measure better calculated than
another to produce that state OF things where
the rich are dairy getting richer aAd the poor
daily getting poorer II i, a metallic currency
". H. harrison, inaugural ad sfess, atate ia
pers. 2. IL, 4.
| 1t is too clear to De reasonably f;i.pnled that
Congress, under its Cousti utl9nAt powers 10
lay taxes, To regulate Commerce.. and TO frssu-
late the value uf cail, . Aases amp author-
! lily 70 control the credit crcuiat on -Sa!nion
z. Chase, Report, Dec. 1851.
/ The money gu stion is not 50 much OF a
GRAN r;t.kes as Is by many supposed, tut 1t IS
rather simple wien inves tgat-a i'll tue right
manner. Money is siinplya mta- ure oi values
and as the nation contrat IS its elrcul ton, 1t
contracts the value OF IL property III iine pro
20 ton. A. II. Gaston.
Thomas J, Gerson in his letters to Mr.. Epps,
volume = of Ills works, says: Treasury bills,
bo:tomtd on taxes, learin2 or Rot bearing III
trrest, as may be found necessary, thrown into
cir.ula ion, will take the place of SO much
gold and silver. Bank seper must pe snppr So
ed, and the cir ulatiour estOred to the nation,
to whom it belongs"
Money, as used in modern civilization, is a
OF commodities and services.
The Intrinsic value idea of money was the
| idea in the crude day OF baroaris n.-Reeces'
Encyclopedias.
Congress shall have the power to coin moIiey,
to regu ate the value thereof and offorelgn coin,
emit bill 5 OF credit, or make anything bs>i'tes
gold and silver d legal tender iii p.yr ent 81
debts The Co Daniel Webster.
Money should be thing of, or belonging to,
a country, not Of or belonging to the world.
An tx portable commodity is net htt-d to Ike
money, and nothing could b. more nonstrous
than Engllrd's princi pie followed by the
United States up to the war-h'r legislation
forcing her people to be buyers OF gold and
making their possession of goldo of the
scarcest articles in the worl,--the condition OF
| tllei- being able to furnish themselves with
food and clothing. Isaac Buchanan
4 i But when it was once clearly un-
der,tood that gold and silver are not wealth
but merely representatives, OF wealth; when
men began to SIZE that wealth itself solely con-
ssts OF thu valne which skill and labor Call ado
to thu material, and that the money is OF no
possible u6t. to nation except 10 ulrasur- and
/ circulate its rich $; all t y old notions of h..
supreme n'portance Of the precious metals at
onc- Tell to the ground. Eng ish History Vi
Commerce. Buckle.
i njamin Franklin, in volume 4 page So, of
his works, SAYS: Good ana silver are not i'll
| trlnsicaiy of equal value with iron. Their
u Tue rests chiefly on the e>tlla !. they hap
pen o be in Among the geiirrahiy Of nations
/ Any other vel sounded credit is ~ much an
! equivalent as gold and silver. Pa; ar uoney :,
we'll founded, has great advantages over gold
/ aud silver being light and convenient tor hand
ling large sums; and not likely to have It's vol
nine reduced 10y deu ants for eXpnItation. On
the whole no method has hitherto been or'ped
| ssfahl, sn Medium nf frrGtA telul q | :
advantages, to bills Of credit made general
| legal tender -"
When the laborer has received his wages in
money he las not received all tquiva ent for his
services, but euy something which wi enable
him to get what Ae requltts he iRonry there
fore is not the equivalent, but the evidence
that he has ported With cVinmo little Or services
aud has not received an equivalent
God and silver coin must be redeemed by
commodities and services on demand. or they
en- no more perform the function VI mouey
than can irredeemable paper lnoLey
The simplest AVID most pt feet form OF cur
rency is that which represents ran,f-rabt
Il bts-- paper money with no intrinsic value
Coin So long as it clrculateS for the pose OF
! buylng and selling tor thu Zine, loses Its .
| trilslc value.
rs commodities gold and silver are capital
| but Is mere money they ara mere repr senta-
| tivts OF value.
a | the confusion on the subject and which
has my-titied the works on economy arises
out ns tn. fact of not dis ngulshiug h-twern
gold es merchandise and gold AS stamped mon
cyl has. Nor IN. France.
Reader you define the sentence "man-
tanning the crrdi of ,hs na;ioni" Il is simply
paying the bondhod,r gold whil., tn indus
trtal classes starve --jvs.rnal, Pot Huron,
Michigan.
Felow citizens, believe in the greenbaek
heliev. A. is constitutional currency in ttuir
of peace rs we'll a in tluI" at war. | hellev.
| Il oughts.o tsi pee petu tt4} 4 fundttn-ntal
basis and Al element Il our whole paper circu-
a ION have no doubt tbst II il a, far a. II
sns, the very b.>t currency that ever was III
this or any othe1 caunttv ! Sttulpy Mathews