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

| measure ana We SnOul0 see produced IN Eu-
rope result lamentable enough.-Lem Fan
chett.
Money, as used in modern civilization, is a
useful instrument that facilitates the exchange
OF commodities and services.
The intrinsic value idea of money was the
idea in the crude day of barbarism. Recess
| Encyclopedia.
| Congress shall have the power to coin money,
to regulate the value thereof and of foreign COIN
emit tilis OF credit, Or make anything besides
| gold and silver 4 legal tender in payment OF
debts. The Constitution-Danie Webster
Ifthere 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 a metallic currency.
W. h. harrison, Inaugural address, State Pa.
pers. 2, II, 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 ccin, possesses ample author
lty to control the credit circulation Salmon
T. Chase, Report, Dec. 1861.
The money gu stion is not so much of q
brain racker as is by many supposed, but it is
rather simple when investigated in the right
manner Money is simplya measure of values
and as the nation contracts its circula ton, it
contracts the value OF all pro perry in like pro-
potion. A. II. 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
circula ion, will take the place of so much
gold and silver. Bank paper must be suppress
ed, and the circulation estored to the nation,
to whom it belongs"
Fellow citizens, believe in the greenb back.
believe it is a constitutional curreDcy in time
of peace as we'll as in time of war. | believe
it ought to be perpetuated as a fundamental
basis and an element OF our whole paper circu-
laion. have no doubt that it is as far as it
goes, tue very best currency that ever was in
this or any other country Stanley Mathews.
Money should be thing Of, or belonging to,
country, not of or belonging to the world
An exportable commodity is not fitted to he
money, and nothing could b. more INDUSTRIOUS
than EnglaEd's principle 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
scalcest articles in the world--the condition of
Their being able to furnish themselves with
food and clothing. Isaac Buchanan
4 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-
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 importance 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, saws: Good and silver are not in
trinsicaly Of equal value with iron. Their
value rests chiefly on the estimation they hap
pen 10 be in among the generality OF nations
Any other wei. founded credit Is as much al
equivalent as gold and silver. Paper 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
nne reduced by demands for ex port.ltion On
the whole no method has hitherto been formed
to establish medium Of trade equal in all It's
advantages, to bills Of credit made 4 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
fore is not the equivalent, but the evidenc.
that he has parted With commodities or service.
and has not received an equivalent.
Gold and silver coin must be redeemed b,
commodities and services on demand, or they
can no more perform the function u money
than can irredeemable paper money.
The simplest and II ost perfect form Of cur
rency is that which represents TRANSFERABLE,
debts paper money with no intrinsic value
| Coin so long as il circulates for the purpose o
buying and selling for the time, loses its IN
! trnsic value.
As commodities gold and silver are capital
but rs mere money they are mere representa-
| tives of value.
All the confusion on the subject and which
! ha kS
| out Of the fact OF not distinguishing between
gold as merchandise and gold ~ stamped mon
ey-Chas. Nor IN, France.
Reader can you define the sentence "main
tanning the credit of the nations" 1t is srnpl,
paying the bondholder gold while the indus
trial classes starve Journal, Port Huron
Michigan.