The anti-monopolist. [volume] (Saint Paul, Minn.) 1874-1878, 1878-02-28

as are employed by the ordinary day
labOrer. The assumed exclusion u
the mechanic. the farmer and Other
tOllerS. has thus provoked unnecessary
and unjust prejudice and repulsion.
THE MONEY THE PARTY WANTS.
The greenback upon its face and il
terms to promise to pay, and yet fol
all purposes but the payment of duties
on imports and interest on the public
debt, it is money. It is a contradic
ton Of terms to call a promise to pay
money. A promise to pay is an obi
CATION to pay money, but that which
IS itself money is not an obligation tc
pay anything. Gold is money; both
are called money because they are
legal tenders. Fulllegal tender paper
is money and redeems itself. It is nc
sense irredeemable more than gold
or silver coin is irreddemable. The
opponents Of the greenback, either
misled by the promise on its face. or
availing Of the incongruity before
stated, charge that it is irredeemable
paper. and the st. Louis platform
charges upon the Republican party
the sponsibility for their failure ito
make good the promise of the legal
tender notes, land the non-payment
of which is disregard of the plighted
faith of the nation Ifthis legal ten
der paper, instead of being in form Il
promise to pay definite number of
dollars, should simply say this is le-
gal tender for so many dollars. there
could be no pretence for the sophistry
Of the st. Louis platform, as before
stated.
What l understand is desired by all
the advocates of sound money is that it
shall consist Of gold and silver, sup
plemented by such supply of United
States treasury legal tender issues as
will be necessary and convenient for
all wants of trade and business.
They desire that it shall be such mon
ey as will always indemnify the cOun-
try against monetary crises in Europe,
or other commercial countries. and al.
ways indemnify the trade and bust
ness of this country against the power
of any foreign capitalists from depriv-
ing us of it's Use in sufficient supply.
They desire such money as shall have
as uniform a standard of value us is
possible, and shall give perfect indem-
nifty to the holder against insolvency
or disaster happening to any corpora
tons or individuals.
AMERICAN UNITY-AMERICAN INTER
The people of the United States are
d nation, and no portion of that people
can ever attempt to Withdraw from the
Union except upon the basis OF the
doctrine of the right of revolution
dependent upon such causes as are
overwhelming, and otherwise irrepar-
able wrongs and oppression and car
rylng with it all the risks of failure.
There is beside the danger of this per-
nicious doctrine foreign interest
that is ever interfering with, if not in
II large degree controlling, the policy
of this government. | need only al
lude to the influence of foreign capt
tai; to the dependence of our whole
monetary success under the national
banking system upon the will of for
eign bankers and capitalists; to the
influence CT foreign manufactures. af-
fecting and controlling in large de-
gree importing interests, rs well as a
portion of the leading and ablest press
of the country. The principles we adj
vodate necessarily antagoniZe all these
interests. because we propose that the
people of this country shall have ma
tional money and national pi osperity
that no foreign interests can affect.
THE PARTY OF PROTECTION.
Beside. if there be party that adj
vocates in its broadcast and most COM
prehensive sense the doctrine of pro-
lection it is our organization. We
propose and advocate protection to la
Dor from the eXactions of the usurer;
protection against the exemption of
the property of the bondholder and
the consequent exclusive burden of
the public taxes on the producer: pro.
lection against the owners of special
privileges and monopolles. not only
the devices of the banking laws.
whereby they tax labors and indus.
tries for the support of the few in af.
tiuence, but protection against the
eXtortion of the transporters' monop-
olies whereby they take from the
farmer. the miner and the manufactur.
CT ut will the profits of their labor and
the capital invested by them. which
takes from them all profits which such
tranSporters may not deem essential
to the continuance of the employment
of such labor and capital rs furnishes
/ the subject of transportation. protee.
ton of the agriculturalist. manuac.
turer. mechanic and laborer against
| foreign competition. Such protection
we propose TO effect. first. By reducing
the rates of interest through an ade
! quate supply of money. rs before sta
ted: and second. by proper interna
! tional commercial treaty regulation:
resembling the French system. afford
ing free Interchange of commodities
that we do not produce for those ",
DO. and where this cannot be done. b,
wise discrimination in imposing i'm
ports under our tariff laws for raisln:
revenue.
THE VOLUME OF MONEY
! | have already said that we desir
to tx limit so as to guard agaius
the excessive issue of legal tende
money. The limitation is the none,
necessary for the wants of trade ans
business. How shall that amount b
ascertainedl Can it be ascertaine,
by naming an arbitrary limit. None
is medium of exchange and tool o