The anti-monopolist. [volume] (Saint Paul, Minn.) 1874-1878, 1878-06-13


measure and We should see produced III Eu-
rope result lamentable enough.-Lem Fan
chett.
Money, as used in modern civilization, is a
rsetut instrument that facilitates the exchange
Of commodities and services.
The intrinsic value idea of money was the
idea in the crude day Of barbarisu -Reeces'
Encyclopedia.
Congress shall have the powe. to coin money,
to regulate the value thereof and OF foreign coin,
emit bills Of credit, Or make anything besides
gold and silver legal tender III payment Of
debts The Consttution-Daniel Webster.
If There is one measure better calculated than
another to produce that state of things where
the rich are daily getting richer and the poor
daily getting poorer It is metallic currency.
| w. Il. Harrison, inaugural address, State Pa.
pers.2. 10, 4.
1t IS too clear to be reasonably disputed that
Congress, under its Constitutional powers to
lay taxes, to regulate commerce. and to regu-
late the value Of coin, possesses ample author
ty 20 control the credit circulation. Salmon
Z. Chase, Report, Dec. 1851.
The money question is not 60 much OF a
brain racker as Is by many supposed, but 1t is
rather simple when investigated in the right
manner. Money is simplya measure of values
and as the nation contracts its circulation, it
contracts the value Of all pro perry in like pro-
potion. A. Il. CASTOR.
Thomas jefferson in his letters to Mr. Epps,
volume of his works, says: Treasury bills,
bottomed on taxes, bearing not bearing in
terest may I've found necessary thrown into
circulation, will take the place. of SO much
gold and silver Bank paper must oe suppress
ed and the circulation estored to the nation,
to whom it belongs"
Fellow citizens, believe in the green back.
L. a.,
OF pace as well as III time OF war. | believe
it ought to be perpetuated as a fundamental
basis and an element of our whole paper circu-
alon. have no doubt that 1t is as far as it
goes, the very best currency that ever in
this or any Other county Stanley Mathews
Money should be a thing Of, or belonging To-
a country, not OF or t-lOn5ln to the world
An TX ortable commodity Is not fitted to be
money, and nothing could b. more lnonstrOus
than hnglaEd's principle followed by the
United States up to the war-her legislation
forcing her people to be buyers OF god and
making their posse s>ion OF gold ole of the
scarteSt articles III the wOrldthe condition Of
thel being able to furnish themselves with
food and clothing. Isaac Buchanan
< x Bur when it was once clearly I'M
def5to)d tnat gold and silver are not wealth
but merely representatives OF wealth; when
men began to ste that wealth Itself solely con-
sIsta OF the vaine which Skill and LABOR can add
10 the raw material, and that the money Is OF no
possible use to Il nation except 10 measure and
circulate its riches; all tie Old notions OF he
supreme Importance OF thu precious metals al
One tell to the ground. English History of
Commence. Buckle.
Benjamin Franklin, in volume 4. page So, of
his works. says: "Gold and silver are not in
trliScally OF equal value with iron. Their
Ha!ne rests chiefly on the estimation they hap
Yrl, o b. IN among the generality Of nations.
Any other vel bounded credit Is aS much an
equivalent as gold and silver. paper money
vel founded, has great advantages over gold
and silver; being light and convenient tor hand
linz large sums; and not likely to have its vol
nme reduced by demands for eX portttion. On
/ the whole no method has hitherto been formed
to establish medium OF trade equal in all its
advantages, TO bills of credit made a general
/ legal tender. F"
When the laborer has received his wages in
money he has not +, celved an equivalent tor his
services, but only something which will enable
him to get what NJ requires 7 ne money there-
lore IS not thu Equivalent, but the evidence
that he has parted with colnn0 tItle or services
ami has not received an equivalent
Gold aud silver coin must h. redeemed hv
commodities and services on demand, or they
can no more perform the junction u money
! than can irr'deenahle paper money
The simplest and most perfect form OF cur
rency is that which represents transferable
debts paper money with no intrinsic value.
Coin So long as II circulates for the purpose OF
buylng and selling tor the time, loses Its IN
trlnsc value
As commodities GOLD and silvsr are capital
but ~ mere money they are mere representa-
tlves OF value.
a. the confusion on the subject and which
has uIystIiial the on
out OF the la.t OF no. distinguishing between
gold merchandise. and gold as stamped mon.
ey.-I has. Moran, France.
Reader can you define the sentence smain.
tiilins the credit OF the natont" II is simpl,
paving the bondhold,r gold while the indus
;rlu classes starve Journal, Port Huron
Michigan.