The anti-monopolist. [volume] (Saint Paul, Minn.) 1874-1878, 1878-08-01
MODEL LEGISLATION.

Equality Of use establishes equivalence
Whoever may be connected with
the great bondholding fraud, of
which the people of this nation are
the victims, together with the defend
ers, apologists and spcophants, in the
pay and interest of the bond intrigue
shat has paralyzed the industries of
our country, each and all Of them. in
Guiding the editor of the Lewiston
Journal. are ready to proclaim that
our Republican congress and execu-
tive government have presented in
their mastery management OF the
financial affairs of the nation for the
last seventeen years sublime specta-
Gle of moral grandeur and self sacri-
ficing diSintereStedness.
Honest men, however, land we are
happy to know they outnumber all
others) fail to see the sublimity OF
anything other than moral turpitude
in the following chapter OF their sew
enteen years volume.
The first loans made by the. banks
to the government, at the breaking
out of the rebellion, consisted Of coin
to the amount of 80 millions. and bills
Estate bank) 900 millions of dollars,
and for this congress enacted in July
and August. 1891, that bonds should
be given. running 90 years. bearing
$50 per cent. interest for part OF
this sum. and that treasury notes
were to be issued in denominations of
not less than $50. payable in three
years from date, with interest paya-
bic semi-annually. convertible into
twenty-year 80 bonds. In this
act, the option was given to the sec
Rotary of the treasury to issue so mil
lions treasury notes IN place OF the
so millions three year notes, in denOm-
nations of IS, and which should be
denomnated '.demand notes and
made receivable in payment of public
dues. There was so much of the sub
| treasury law set aside by this act that
it was left at the option of secretary
Chase to select some of these banks to
act as repositories of the government.
| This last clause the bankers had
put into the act upon the supposition
| that Mr.. Chase could be persuaded to
leave the money of the government
on deposit in the very banks that had
made the loans. This last bright idea
he failed to comprehend. so faras the
coin part of the loan WAS concerned.
but the option given him of issuing
50 millions Of 81 treasury notes he
Aas persuaded to adopt, and the re-
bled to get back nine-tenths of their
coin loaned to the government in less
than six days; and these treasury
notes in less than sixty days. and a
short time after. finding that secreta-
ry Chase would not entirely join
their nefarious schemes for robbing
the government, they suspended spe-
cic payment dec. %. 1861 of their
own bills. which has already passed
through the government into the
hands of the people.
The above challenging contradic-
ton of being absolute statement of
facts.) was but the entering wedges
of the great drama of systemiZed
fraud ever practised upon and endur-
ed by a people, is. we are told by the
tlunkeys IF the foreign and home Shy
locks. and enacted by our no less sy-
cophantic and mercanary legislators.
as i model Of financial engineering.
God save the mark.
J You. OBSERVATION-DISCLOSURES farmers.
tradesmen. wakin0n{ ma do
dom The g4tfnu1e n hdrrows a
larre sum of 1x Et1fn "a legal