The anti-monopolist. [volume] (Saint Paul, Minn.) 1874-1878, 1878-08-29

the price Of gold would be raised beyond
measure and we should see produced in Eu-
rope result lamentabl- enough-Le.n Fam
chett.
! Iftllere is one measure better calculated than
another to produce that state OF things where
the rich are daily getting richer and the po"r
daily getting poorer it i, a metallic currency
W. H. Harrison, Inaugural address, State Pa.
pers.2. II, i.
1t is too clear TO be reasonably disputed that
! Congress, under its Consti' utional powers 70
lay taxes, to regulate commerce. and TO r-gu-
late the value OF coin, possesses amp author
ity 70 control the credit crculat' on --Salruon
P. Chas1, Report, Dec. 1861.
The money question is not 20 much Of a
grain racker as Is by many supposed, but 1t is
rather simple when inves' igated i'll the right
manner. Money is simplya measure OF values
and as the nation contracts its circul. ton, it
contracts the value of ali property in like pro-
potion. A. H. CASTOR.
Thomas jefferson in his letters to Mr.. Epps,
volume Of his works, says: "Treasury bills,
bottomed on taxes, bearing or not bearing in
terest, as may be found necessary, thrown into
circulation, will take the place of so much
gold and silver. Bank paper must be suppress
ed, and the circulation estored to the nation,
to whom it belongs"
Money, as used in modern civilization, is a
useful instrument that facilitates the exchange
OF commodities and services.
The intrinsic value idea of money was the
idea in the crude day of barbarism. Recess
Encyclopedia.
Congrss shall have the power to coli. money
to regulate the value thereof and OF fore! gli COIN
emf: bills OF credit, or make anything besides
gold and silver legal tender in payu ent OF
debts The Constitution-Dan Webster
Money should be q thing Of, or belonging t.,
a country, not OF or belonging to the world
An eXportable commodity is not fitted - be
money, and nothing could b. more lnonstrous
than Englard's principle followed 10y the
United States up to the war-h-r legislation
forcing her people to be buyers OF gold and
making their possession OF gpd- one OF the
scarcest articles in the wurld-t the condition ot
thei' being able to furnish themselves with
food and clothing. Isaac Buchanan
x But when it was onct. clearly un-
derStood that gold and silver are nor wealth,
but merely representatives OF wealth; when
men began to see that wealth itself solely cor
sists OF the which skill and labor can add |
to the raw material, and that the money is Of no
possible use to "a nation except to measure. and |
circulate its riches, all tie old notions of th.. |
supreme importance of the precious metals at
once tell to the ground. -Eugils!l History Of |
Commerce. Buckle.
Benjamin Franklin, in volume 4. page So, OF |
his works, saws: "Go.d and silver at- not in !
Of equal value with irou. Their
value rests chiefly on the estnai,ll they hap
pen % be in among the generality OF nations. !
Any other wei -founded credit is much All
equivalent as gold and silver. Par er monev, !
we'll founded, has great advantages over gold |
and silver being hight and convenient tor hand |
ling large sums, and not likely to have its vol |
nne reduced by demands for TX pnt;.tion On |
the whole no method has hitherto b.'.l! 'orned |
10 establish a medium OK trade equal in IL its |
advantages, to bills OF credit made. "a general |
legal tender
When the laborer has received his wages in |
money he la, not received an equivalent for his
services, but only something Which W l. enab!..
him to get what he requires. The money there
fore is not the equivalent, but the evidence
that he has parted viii. coiumo iit. services
and has not received an equivalent.
Gold and silver coin must be redeemed bv |
commodities and services on demand or they |
can no more perform the junction Of money !
than can irredeelnab!e paper motley.
The simplest and most pe,te form of cur
rency is that which represents transferable |
debts paper money with no intrinsic value !
Coin SO long as itcircuates for the purpose of |
buying and selling for thu TINE, loses its IN
trinslc value.
As commodities gold and silver are capital,
but u, merr money they mere repr - n,a- |
tlves ot value
All the confusion on ,he subject and vlcu |
has iuystiied the works on economy ARISES |
out 81 thu iact OF not dis ingui>hing t-tween |
.nid As lne:chandis, and goti as stamped moa- |
ey.--C has. Moron. France.
Reader cau ,ou drhl4e III, ~..rteuc. ",.iain- |
tanning the Iredlt OF the uaiion3a 1t is silupl, |
paving the oondholder gold while the indus |
trial classes s;arve journal, Po,t Huron |
Michigan
Fellow citizens, | believe in the greenback | |
believe it is constitutional currepcv in time |
of peace as we'll as III time of war | believe |
il ought to be perpetuated As a fundamental |
basis and an element OF our whole paper crcu- |
laton | have no doubt that IL is as far As it |
goes, the very best currency that ever was in |