The anti-monopolist. [volume] (Saint Paul, Minn.) 1874-1878, 1878-04-25

the price of gold would be raised beyond
| measure and we should see produced i'll Eu-
| rope a result lamentable enough Lem Fan
chett.
Money, as used in modern civilization, is 9
useful Instrument that facilitates the exchange
| Of commodities and services.
| The intrinsic v;lue idea of money Was the
| idea in the crude day OF barbarlS h-hseces
| Encyclopedia.
| Congress shall have the power to coin money,
to regu ate the value thereof and OF foreign com
emit bills OF credit, or make anything oe>ides
gold and silver a legal tender III piyn ent OF
debts The oistitution-DAliei Webster.
Ifthere is one measure better calculated than
another to produce that state OF things where
tile rich are daiy getting richer and the pnuI
daily getting poorer 1t Is metallic currency.
W. II. Harrison, inaugural address, State Pa.
pers.2, -, 4.
1t is too clear to be reasonably disputed that
Congress, under its Consti utional powers to
lay taxes, to regulate commerce. and to regu-
late the value of com, Possesses amp-e author
ity to control the credit circulation. Salmon
z. Chase, Report, Dec. 1861.
The money QUESTION is not so much Of a
BRAIN racker as Is by many supposed, but it is
rather simple When Investigated i'll the right
manner. Money is simpya measure OF values
and as the nation contra, IS its circul' ton, it
contracts the value OF I'll pro perty in like pro-
pc. ton. A. H. 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
crcula ion, will take the place OF SO much
gold and silver. Bank paper must De suppress
I'd, and the circulation estored to the nation,
to whom it belongs"
T Holt ~ hal
believe it is a constitutional currency in time
Of peace as well as in time OF war. | believe
it ought to he perpetuated as a fundamental
basis and an element Of our Whole paper circE-
atlon. have no doubt that it is as far as 1t
goes, the very best currency that ever was III
this or any other country Stanley Mathews.
Money should be thing of, or belonging to,
a country, not OF or belonging to the world
An ex portable commodity is not fitted to lie
money, and nothing could b more INDUSTRIOUS
than Eng laCd's princi pie 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 worli-the condition OF
Their beinr able to furnish themselves with
food and clothing. Isaac Buchanan
f 4 But when it was once clearly I'M
derstoOd that gold and silver are not wealth,
but merely representatives of wealth; when
men began to SEE that wealth itself solely con-
ssts OF the valne 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 the
supreme llr 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 ami silver are not in
trinslcaly Of equal value with iron. Their
value rests chiefly on the estimation they hap
pen % be III among the generality Of nations
Any other wei founded credit is as much an
equivalent as gold and silver. Parer 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
nine reduced by demands for tx portation. On
the whole no method has hitherto been ormed
20 establish Il medium Of trade equal in u 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
tore IS not the equivalent, but the evidence
that he has ported With commodities or services
and has not received an equivalent.
Gold aud silver coin must be redeemed by
commodities and services on demand, or they
en- no more perform the function Of money
than can irredeemable paper motley.
The simplest and most perfect form of cur
rency is that which represents transferable
debts paper money with no intrinsic value.
Com So long as itcirculates for the purpose Of
buying and selling for the lime, loses Its ill.,
trlnslu value.
As commodities gold and silver are capital,
but as mere money they are mere representa-
tlves OF value.
AL the confusion on the subject and which
has mystitied the works on economy arises
ont Of the fact OF not dis ingulshing b-tween
gold as merchandise and gold as stamped mon
ey.-C has. Moran. France.
Reader can you define the sentence "main-
tanning the credit Of the nation'" 1t is simply
paving the bondholder gold while the indus
trial classes starve. journal, Pot Huron,
Michigan.