The anti-monopolist. [volume] (Saint Paul, Minn.) 1874-1878, 1878-05-09
WHOLE NO. 200.

eighth of one per cent, or little over
one mill on the dollar. This has re-
suited from the fact that the balance
of trade has been for three years past
in our favor, and this has been caused
by the Eliseries of our people through
the financial policy of our leaders.
Our workmen have been brought
down to such starvation wages, and
our manufacturers to such straits of
bankruptcy, that we have been able
to undersell, with our goods, the bet
ter paid workmen of Europe; while
on the other hand thousands of our
people who heretofore INDUCED in the
luxuries of life, imported from abroad,
have been constrained to forego their
wines and silks and diamonds. Thus
our exports have increased and our
imports have diminished and the bal
ance of trade has steadily been in our
favor, and the result is that gold has
stayed in our country and has fallen
in price. On the other hand the re-
monetizatiOn of silver, by furnishing
a substitute for gold, with which to
pay duties on imports. has decreased
the demand for gold and with the de-
mand the price.
We have been told all along that
the moment gold and paper became
practically of the same value we
should at once witness the most mag
nificent uprising of prosperity our
country had ever known. 1t was in
vain we told them that the greatest
eras of prosperity were coincident
with the suspension of specie pay
ments, and we instanced England
during the NapleOnic wars, France
during the last few years, and the
United States during the rebellion.
All in vain. Their reply was "to
stand still and see the salvation of the
Lord
| Well, we stood still. The equaliza-
| ton of coin and paper is reached.
Where is the overwhelming prosperi-
! ty we were promised! Echo answers
-"where :"
That able journal, Chase's (Maine)
Chroaicle, thus answers:
Now, to try and quiet the spirit Of
unrest and satisfaction that is pervad-
ing every rank of labor, they tell the
people that resumption is accomplish
ed, that the suffering is all over,
shrinkage of values is stopped. and
business is reviving. Back in the
| face of this most absurd and ridicu.
lous of all their many foolish lies,
comes news of a cut down in many Of
the mills in Lewiston, and notices of
more cut downs; comes news of a cut
down of Is per cent in the mills Of the
New Market Manufacturing Compa-
ny; news of cut down in the shoe
shops of Auburn, and in the mills
Throughout New England. Men in
Lewiston and Auburn are begging
work at six dollars month; and in
the last two weeks there have been
more failures than in any month for
the past year.
| To redeem over 700 millions of pa
per money, Johp Sherman has 10 mil
lions of coin, and is swelling our ma.
tional debt by selling untaxed, gold
bearing bonds to get enough gold to
redeem with. If this is what we get
by reaching resumption, for Gods
sake give us change! Cloth sells SO
low that the mills are forced to raise
new capital or go under; and yet hun
dreds in these 1.-TWO cities" are suffer
ing for the want of that very cloth.
Thousands Of men and women in New
England are to-day worse of than the
slaves were in 1880. and still the
shrinkage is going on. The slaves
were comfortably cared for when they
were sick, but hundreds of people
men and women who will suffer long
and keenly before applying for sup
pOrt-have been driven out of doors
because they could not pay their rent;
have gone hungry, because Cheap az
everything isl they have nothing to
buy with. In the midst Of all this
suffering and misery. there is one
class that is fattening, and this class
shouts to-day, 1.-The suffering is all ov.
er! Resumption is here - And as
the papers re-echo this. men are dig.
ging bitches in Lewiston, five feet
deep and three feet wide. for ten cents
foot, and board themselves. With
these men the suffering is not all over.
and they may decide to try a new deal
by the time they have tried this sort
OF work for a couple Of months. Re-
sumption won't satisfy the men az
long as they see that, work ~ hard az
they may, they can't earn
enough to decently support their fam
lilies. People who are ragged and
hungry, want something beside ere.
sumption" and. unless . change
comes soon. the national banking sys-
tenn and John Sherman's resumption
will 60 where the woodbine
twineth."