The anti-monopolist. [volume] (Saint Paul, Minn.) 1874-1878, 1878-05-02
NATIONALITY OF MONEY.


And breathe the air of Liberty"
Nationality is defied to be national
IN character, or strongly attached to
mes own nation. That which con.
,titutes it's strength as the instrument
which regulates its exchanges, sus-
tains it's honor, and adds to support
it's independence, is money. Money is
che instrument, labor the means, and
progress the result to which all true
civilization tends. There can be no
progress without labor, there can be
no independence without money.
Money is creation of national sover-
eighty, and any government which
does not possess the power to create
and regulate its own money is weak IN
resources, dependent as a power, and
subject to the tyrannies Of Insurers
and the slavery of that want it is the
power or option of others to bestow or
withhold. The money kings make
gold the power with which they sub
iugate liberty, and the nation which is
dependent upon them will always vi
brate between the position OF the
fawning borrower and the enslaved
debtor. St. Domingo is type, Next
co an example. They are national in
nothing but the tyranny Of the oil
garchies which periodically revolu.
tionize them with the treachery of
usurpations. Gold is their king.
Neither the one or the other has the
shadow of financial policy. The
servile people show the result, ignor-
ance. servillty and degradation epi.
tOmizes their condition. National
money is IN essential, as Il circulating
medium, to regulate exchanges, com
pensate labor. sustain commerce. and
make progress possible, as blood is
essential, as the circulating element OF
life. to the human system. TO stop
the circulation of blood is death to the
body; to stop the circulation Of money
is death to enterprise, it is slavery to
labor, it is servility to capital
Three nations are notable examples
IF the fact-England, France, Spain.
england has progressed with unex-
IMPLIED power in every element OF
commerce and industry since she
adopted distinctly national system of
finance. Her government, up to the
time of the charter of the bank OF
England, was certain in nothing but
its oppression of every class but that
of her landed autOcrats, who ruled
with feudal rapacity. From the orga-
nization of the bank rs the fiscal agent
of the government, she put 1T out OF
the power of the ShylOcks of money
to rule her destiny. Before that, in.
dividualism kept her in the narrow
groove of selfish greed. And yet the
bank Of England was only national IN
national affairs; it was individual AS
to the interests, industries, labor. and
economies of the people. Still it
unified monetary interest, greatly to
the benefit of manufacturing, mari
time independence, and productive
energy, making England the mistress
of the seas and of their powers. 1t
gave her as Il nation strength for con-
quest and power to maintain power.
free from all dependence on other ma
tions. But in England the bank kept
intact the ariStOcracy of her landed
monopolists, and like the govern
ment. it relied on and labored for the
sovereignty of the privileged over the
people at large. 1t held to individual
ism in all the administration OF public
and private affairs, without even for
4 moment seeking to equalize the ad.
yantages, or administer to the eleva-
ton of her working and dependent
classes. And, as II power. it was ON
nipotent to sustain the government III
all its iniquity Of primogeniturc and
class legislation.
In France, so long as feudalism was
its master. and landed aristOcrats
filched from dependent labor its re-
ward, living on the toll of subjugated
serfs, the crushed, half starved, over
burdened people grOaned in servitude
to privileged individualism. Individ-
ualism ruled it's finances with arbitra-
~ insolence and dogmatic cruelty.
The Servitude to money was rs com.
plete as the servitude of the feudal
slave to the feudal lord of the land.
The light of liberty and the intelli-
-gence of justice had no Illuminating
rays to light up the darkness till late
in the seventeenth century philosophy
began to educate public intelligence
into the knowledge Of human rights
and human wrongs.
All at once men began to discuss the
infamies of Observation-Disclosures tyran-
meal codes, its arbitrary laws, it's
caste privileges. and its autocracies.
john Law, in the dawn of the eigh-
teenth century. first links in the
chain of her financial letters. He
commenced herculean work. He
failed because worn-ou. dehaucheries.
which centuries of wars. eNtravagan-
GEES tyrannies. and cruelties had col
lected aud concentrated. all fell upon
him to crush him. But John Law ma
tionalized the idea that money was the
creation of the sovereignty of the ma
ton. He educated the people to I'M
der.tand that there could be no equal
ity of rights without an equality of
money. and that it was rs essential for
sthe government to supply its people
with circulating medium as to sup
ply it with bread. He demonstrated
that TO individualize the monopoly of
money was to make the laborer a
slave: that to nationalize it was to
make the lahorer freeman. He
showed the world that money based on
the sovereignty of the resources of