The anti-monopolist. [volume] (Saint Paul, Minn.) 1874-1878, 1878-09-19

the price OF gold would &c faiSe~ oeyUAu
measure and We should see produced III Eu-
rope result lamentable enouSh.-Lein Fan-
chett.
| 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 a metallic currency
| w. II. Harrison, Inaugural address, State Pa
pers.2. IL, 4.
| It is too clear to be reasonably disputed that
Congress, under its Consti utional powers to
lay taxes, to regulate commerce. and to reSu-
| late the value of coin, possesses ampe author
ity TO control the credit circulation. Salmon
2. Chase, Report, Dec. 1861.
The money question is not 50 much OF a
grain racker as Is by many supposed, but 1t Is
rather simple when Investigated in the right
manner Money is simplya measure of values
and as the nation contracts its circulation, 1t
contracts the value of all property in like pro-
portion. A. Il. 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
circua ion, will take the place of so much
gold and silver. Bank paper must De suppress
ed, and the circulation 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 barbaris:... -Reeces'
Encyclopedia.
| Congress shall have the power to coin money,
to regulate the value thereof and offoreign coin,
emit hills of credit, or make anything besides
| gold and silver legal tender i'll payment OF
debts The Observation-Disclosures Webster.
| Money should be thing of, or belonging to,
a country, not OF or belonging to the world.
An exportable commodity is not fitted to lie
money, and nothing could b. more monstrous
| than Englard's principle followed by the
United States up to the war-her legislation
| forcing her people to be buyers of gold and
making their possession of gold--one of the
scarcest articles in the world--the condition Of
their being able to furnish themselves with
food and clothing. Isaac Buchanan
4 But when it was once clearly IN
derstood that gold and silver are not wealth
but merely representatives OF wealth; when
men began to see that wealth itself solely con-
sists OF the valne which skill and labor can add
| to the raw material and that the money is OF no
possible use to nation except to measure and
circulate its riches; all u Old notions Of The
supreme i'm portance of the precious metals at
once tell to the ground. English History of
Commerce. Buckle.
Benjamin Franklin, in volume 4, page So, OF
his works, says: "God ana silver are not in
trnsically Of equal value with iron. Their
value rests chiefly on the estimation they hap
pen 10 be in among the generality OF nations.
ANY other Well-founded credit is rs much an
equivalent as gold and silver. Pauer money
we'll founded, has great advantages over gold
and silver; being light and convenient tor hand
ling large sums; and not likely to have its vol
nme reduced by demands for eX portation. On
the whole no method has hitherto been formed
TO establish medium Of trade equal in all its
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 evidences
that he has parted with commodities or services
and has not received an equivalent.
Gold and silver coin must be redeemed by
commodities and services on demand, or they
can no more perform the function Of money
than can irredeemable paper money.
The simplest and most perfect form of cur
rency is that which represents TRANSFERABLE,
debts--paper money with no intrinsic value
Coin so long as it circulates for the purpose o
buying and selling for thu time, loses its in
trnsic 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 whici
has mystifed the works on economy arise
out Of the fact of not distinguishing betweeI
gold as merchandise and gold as stamped mon
ey-Chas. Moran. France.
, Reader can you define the sentence "nain
, tanning the credit of the nationW 1t is simpl
paying the bondholder gold while the indus
trial GLASSES starve journal, Port Huron
Michigan.
! Fellow citizens, believe in the greenback.
believe it is constitutional currency in tim
of peace rs we'll as in time of war. bailey
, it ought to be perpetuated AZ a fundamenta
basis and An element of our whole paper circu
laion | have no doubt that 1t is rs far a.
goes, the very best currency that ever i
this or any other country Stanley Matthew: