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

OF the country" Why is this con.
traction made! How could congress
go into it? There must have heen
men who saw it. Who got any of the
advantage of this contraction that
brought down the valu of property 80
much! The people didn't ask il.
Who did ask it? told YOU it was
the foreign financiers. WHY! Because
their property would rise. "Why.
you ask, chow is that! 1 thought you
just said that all property was con.
tracted.' No, did not. 1 said
property was contracted. One-third
OF all the property in the United
Stats went up by contraction; two
thirds of it went down. One-third Of
all the property in the United States
is invested in some form of DEBT.
such as bonds. notes. mortgages. etc.
and that went up. Everybody else's
property went down. Let me make
it plain by illustration, bucause l
want everybody to understand it. for
the moment they understand it l
know how they will vote in the
boming election. Suppose you build
a house, we will say for $4,000. and
tfat you borrowed SO 900, from some
body to build it with in 1868, in ..Aush
tines" with inflated money. The
money you gave a mortgage for, the
same money you built the house with.
Now they say the hous came down in
value, because it was inflated cur
rency-built or too high level.
Ought not the mortgage that. was
puliC out OF the same inflated cur
rency come down at the same time?
perhaps your house has sunk fifty per
cent. because, as they say, it was
QUILT on Inflated currency. But the
mortgage on that house has not come
down a dollar. It is the same old
So'OOO mortgage, and now sweeps
away your house. Is this not an exact
exact condition of things? How
many are there before me who know
about this practically You know
how 1T is yourselves, exactly. Think
or 1t moment, my friends. One.
third of all the wealth fof the United
States is in the form of notes. bonds
ana mortgages. and tnat kind of
wealth which has not gone down Il
dollar, but has gone up ten per cent.
Al the rest of the property of the
United States has gone down fifty
per cent. at leas, since 1868. Now
you see why the men that hold the
one'third of the property sent their
lobby agents and others to Washing
ton to have the secretary of the
treasury agree to contract of the
currency; to bring down all the rest
OF the property and bring theirs up.
This is not fair. 1 am willing, if
1t is necessary. to have all the proper
ty go down, provided it all goes down
together but it is not fair to have
one-third go up and the other two.
thirds go down. / am against that
kind of Il law.
President Hayes and party visited
Minneapolis. and here are the bills
which the aldermen have allowed, and
the taxpayers of the city have to nay
for the privilege of entertaining
them:
To "a breakfasts at 75c ~ s4o 10
TO 40 special dinners at Sl.5O =. ~ 60 90
10 box cigars ...... ...... 10 90
/ o use OF rooms ........... $500. $50
For hauling baggage. ...... 80. . I75
TO Gen. lie Dues bill ..... .. 575
To carriage hire for the party ....... 900 90
$i43 90
Yet the day the President spent in
Minneapolis at the expense of the
taxpayers, his salary was Sl66. 100, and
combined with the salaries of the rest
of the party, could not be much less
than 81 900; yet many !. workingman,
who can scarcely get one dollar a day