The anti-monopolist. [volume] (Saint Paul, Minn.) 1874-1878, 1878-10-17
the price of gold would be raised beyond
measure and We should see produced in Eu-

the price of gold would be raised beyond
measure and we should see produced in Eu-
rope result lamentable enough-Lem Fan
chett.
Ifthere is one measure better calculated than
another to produce that state of things whtrp
the rich are dairy getting richer and the poor
daily getting poorer 1t Is a metallic currency
w. II. Harris" Inaugural address, State Pa.
pers. 2, IL, 4.
1t is too clear to be reasonably disputed that
Congress, under its ConSti utiOnal powers TO
lay taxes, to regulate commerce. and to regu-
late the value of com, possesses ampe author
ity 20 control the credit circulation -Salmon
?. Chase, Report, Dec. 1861.
The money QUESTION is not 80 much of a
grain racker as Is by lianF supposed, but it is
rather simple Wien Investigated in the right
manner Money Is simpiya meas ure Of values
and the nation CONTRA IS its clrcul ton, it
contracts the value of al property IN like pro-
pot ton. A. b. CASTOR.
Thomas Jefferson in his letters to Mr.. Epps,
volume E Of his works, says: Treasury bills,
bOttOmed on taxes, bearing or not bearing IL
terest, as may be found necessary, thrown into
crcula ion, will take the place O. so much
gold and silver. Bank PAPER must De suppress
ed, and the circulation tatOred to the nation,
to whom it belongs"
Money, as used in modern civilization, is
Useful instrument that facilitates the exchange
OF commodities and services
The intrinsic value idea Of money was the
idea in the crude day of barbaris l-Reeces'
Encyclopedia.
Congress shall have the power to coin money,
to regulate the value thereof and otforeign coin
emit bills OF credit, make anything besides
gold and silver a legal tender IN ptyu ent o.
debts The onstitution-Daniel Webster.
Mo,ov chnulJ IL. Of E.Io fo
country, not Of or belonging 10 tie world.
An exportable commodity is not ftt-d to he
money, and nothing could b. more INDUSTRIOUS
than Englard's principle followed by the
United States up to the war-h~r legislation
forcing her people to be buyers of god and
making their possession OF gold one OF the
Scarceot articles III the world--tile condition OF
their beinl able to furnish themselves with
TODD and clothing. Isaac Buchanan
4 But when it was once clearly un-
derstood that gold and silver are not wealth,
but merely representatives OF wealth; when
men began to STE that wealth itself solely con-
slats OF the va.ne which skill and labor can add
to the raw material and that the money is OF no
possible use 10 a nation except 10 measure and
circulate It's riches; al tie Old notions Of the
supreme importance OF the precious metals at
once tell to the ground. English History oI
Commerce. Buckle.
Benjamin Franklin, in volume /, page S. of
his works, says: go d ami silver are not in
trinsicaIy Of equal value with iron. Their
value rests chiefly on the estlmai j, n they hap
pen o be III among the generality Of nations
Any other wei founded credit is ITS much an
equivalent AS gold and silver. P.tter 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 exportation On
the whole. met nod has hltbprtu b,.,.n fovn1pa
TO establish L medium Of trade equal in a / lis
advantages, to bills of credit made general
legal tender"
When the laborer has received his wages in
money he has not received an equivalent for his
services, but only something which will enable
him to get what he requires. The money there
fore Is not the equivalent but the evidence
that he has parted With conmottie or services
and has not received an equivalent.
Gold and silver coin must be redeemed BIZ
commodities and services on demand, or they
can no more perform the function Of money
than can irredeenable paper moi.ey.
The simplest AID II ost pr feet form Of cur
rency is that which repr SCENTS transferable
debts paper money with 10 intrinsic value
Com So long as 1t circulates for the purpose OF
buying and selling for tn. Lime, loses Its IN
trlnslc value.
As commodities gold and silver are capital,
but rs mere money they are mere represent
tlves OF value
al the confusion on the subject and when
has my-tified the works on economy arises
out OF thu fact OF not dis lnguishing between
gold as merchandise aud gold as stamped mon
ey.-Ch has. Nor IN. France.
Render can you define the sentence 'main-
tanning the credit of the natony" Il is simply
paying the bondholder gold whil, the. indus
trial classes starve journal, Pot Huron,
Michigan.
Fellow citizens, believe in the greenback |
believe it is a constitutional currerev i'll time
OF peace rs we'll rs IN time OF war. | believe
II ought TO he PEI petuated As a fund lmental
basis and an element ut our whole paper cIrcu-
la'ion | have no doi bt that 1t Is a. far a. 1t
goes, the very best currency that ever was in
Ia any oil. .,,f.