The anti-monopolist. [volume] (Saint Paul, Minn.) 1874-1878, 1878-08-15

tille, iiisi 'iiAie' ''i'' sol 81 > '-- 4 - s.
eih1e IA - sonor.;+izens "a ,artina,t 70 This
l: -hi.u i.o, 49, 4.a,>tia, =, a,,a ,1a,+ic,1ar,
~ =. z! I ~ w. 70 baar i asserted fI,st tba,. ha 8
- Is nol lllioolilion ~ t 80 =, @ - - ht
s ~ ~, -; - h.i,,na,, If the tina,oa ,on,
-. &c -. eena+a .ero51od th.t tha charra oe com
ee ~ ai.e t, "a c.on Of tho nth B,+
~. ~, 20, ball NOT o. nt the die7,,14ei
via - N -. - ,aat;.oi ,,,,,,oeas e,ns+i+,,te1
quolio - 49, ~ -. - ~ ,r.r ora - e,xar,1
ou, i $50, ~ aa1 .an6,,a veal ~ t,,a +hrsa
s eaia az 80 49, - 1acoi ,inoa ~ ,,assafra
se e al 80 ~ - T = 1s-5 and IN tha4 i
u slha -. -. ~, al, eeai,s cys and na+ion
~ i 1l - ''' i-i =
a Jain n''e0.
NOW. on Jan. "A, To- y. ti1eis were @
OF greenbacls, il round numbers S392. Gee, OoU
On June l. 1873 ...........-.. o4o'ooi'olo
- -
Decrease 5o'oZe,soi
On Jan. - 1872 there were Outstanding Or,
OF national bank notes e,a1. 80 | ~
On June J. l818-.-.-. ...s--.-.....-.. oZ2,oio,3o2
- -
decrease -.-.e.-. -.-.....-.+.t.t -''ooa,4oo
50 that, since the passage OF the resumption act,
the deer in greenbacks and bank notes-3532 o,
98i plus 90, 305 485-has produced contraction of
s64 63a 49, If to this be added the S11,55o9o3 Of
greenbacks deposit in the treasury for the re-
ie1npton OF bank notes. and which are, consequent
", withdrawn from circulation. the contraction
amounts to over $40 ooo being at the of
s1,800O 00 per month.
But. say the advocates Of the resumption act this
contrac tiOn was necessary order specie
payment on January l, 1879. Now. fellow-ctizens,
it is thing 10 begin specie payment and it is quite
another thing to maintain it. 1t is quite probable
that the secretary Of the treasury begin to pay
specie Tor greenbacks January /, 1879, and that
most, il all OF the banks begin TO pay specie
greenbacks at the same time; but the great question
remains, Could such specie payment be maintained?
If it could not Why should the people be ground BE-
tween the upper and the neither inlstone IL order to
begln specie payment somewhat Garner 'hall the con,
el'oh u th1 country "pad insure Ita eoHtlhiance'
oil ms question te Iono"lll2 latts are % eal,le
GREAT britain and france are pre-en1lnently the
hard-money countries OF christendom, The former
mas III com and oulion ABOUT three dohars Tor every
dollar OF her paper money. OF course, she can
hall,aih speIe payments. al least 80 ioiiS as she
a'olds war. rance mas more hle-&Aia taan paper
holef, anu. wren at peace. can easily ilahltaia
least three dollars IN naner for eyerv ,loar in coin
and even a little war or change in the balance of
trade 1nioht so lon, rs t,9. de4.eonortion EXISTS
make shinwreck of their 9rfied a.,aeia paxrenr
According 10 the hest information can obtain the
able that tba rnaxinnr, ,rosg,ct has I,aeu raar,a1
and tbat ungaas rax, M ,ral,ahla ,,,nas be -
covered there win ar,eetort he . steady dacraae4a ~
production. b1t. nevertha,ess If .hs hsla9ca II
ia dc ehon5 continue il, ,,r favor 4a ;,tv ,o15
and silver toga her with fha ,~ro5,,c ~ le oinas
xv,uld ena bio "a IN ba.,T ai ,i,tsi,, s,~.ia -,
,oapts ouita.s soon a. i,,s.n -, he dohto- n
would ,ar,o;t II tbis l,a tr7,e ,Yhx resot J., ra3
resumntion9 XVbv c-1,ab III 3,pf1rt,,,,. IN ~
antcipafe. by a conoparati,aiy brief rsr;o5 an ad
vent thai ,yo1,1d coTna r}atf,rs mi l,ratfs it,,
severe distrassa -'' az 49,
D Inow tnrn II anofber -o,ic tl,a a,,,e,, i5t,,ra
of fine ro>er,,nant 10 ,,bict, too I,4tf attat, f.
haen ,,aia ,,ro,osa ~ s,,-,,,ar f,aY,,o,,r,,. -
peuditIlre with Rennblicar, 4r47and.ra ia r3fr tb+
Won may udre which of tfa ro ,,ar.faa - tf ,efff
ment: or S nut il in another f9rn ,yhieb 1artS.
ouoh+ tn he condemned .or sishcrsst .,9 ~. f,,l
extravapance
~