The anti-monopolist., 1878-04-11

measure and We should 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 barbarlsm.-Reeces'
Encyclopedia.
Congress shall have the power to coin money,
to regulate the value thereof and OF foreign coin,
emit bills of credit, or make anything besides
gold and silver a legal tender in payment of
debts The Constitution-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. H. 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, ito regulate commerce. and to regu-
late the value OF coin, possesses ample author
ity to control the credit circulation. Salmon
P. 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 in the right
| manner. Money is simplya measure CT values
| and as the nation contracts its circulation, it
contracts the value Of all property in like pro-
portion. A. H. CASTOR.
| Thomas Jefferson in his letters to Mr. Epps,
volume of his works, says: Treasury bills,
bottomed Oh taxes, bearing or not bearing in
terest, as may be found necessary, thrown into
circulation, will take the place OF so much
gold and silver Bank paper must be suppress
! ed and the circulationr estored to the nation,
to whom it belongs"
| Fellow citizens, | believe in the greenback.
believe it is constitutional currency in time
| of peace as well as in time of war. | believe
| it ought to be perpetuated as fundamental
| basis and an element of our whole paper circu-
| latiOn. | have no doubt that it is as far as il
goes, the very best currency that ever was in
this or any other country Stanley Mathews
Money should be a thing of, or belonging to-
country, not OF or belonging to the world
An exportable commodity is not fitted to be
money, and nothing could b. more mOnstrous
than Englard's principle-followed Gby 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 world--the condition OF
Their being able to furnish themselves with
food and clothing. Isaac Buchanan
But when it was once clearly un-
derstood that gold and silver are not wealth
but merely representatives OF wealth; wher
men began to see that wealth itself solely con.
ssts OFT the vaine which skill and labor can ado
to the raw material, and that the money is OF nc
possible use to nation except to measure anC
circulate its riches; all the old notions of lhs
supreme importance of the precious metals a
once fell to the ground. English History o
Commerce. Buckle.
Benjamin Franklin, in volume 4. page SIS, O
his works, says: "Gold and silver are not in.
trinsically Of equal value with iron. Thei
value rests chiefly Oh the estimation they hap
pen to be in among the generality of nations
| ANY other wel-founded credit is as much al
equivalent as gold and silver. Paper money
we'll founded, has great advantages over golC
and silver: being light and convenient tor hand
| ling large sums; and not likely to have its vol
nme reduced by demands for expectation. On
the whole no method has hitherto been formed
to establish a medium of trade equal in al it
advantages, to bills of credit made genera
legal tender"
When the labOrer has received his wages il
money he has not received an equivalent for hi
services, but only something which will enable
him to get what he requires. The money there
fore is not the equivalent, but the evidence
that he has parted with commodities or service
and has not received an equivalent.
Gold and silver coin must be redeemed BY
| commodities and services ON demand, or thel
can no more perform the function Of money
than can irredeemabe paper money.
| The simplest and most perfect form oil cur
rency is that which represents TRANSFERABLE
debts--paper money with no intrinsic value
Coin so long as it circulates for the purpose o
buying and selling for the time, loses its in
trinslc value.
As commodities gold and silver are capital
but AS mere money they are mere representa-
tives ofvalue.
All the confusion on the subject and whc
has mystified the works on economy arise
out Of the fact of not distinguishing betwee
gold as merchandise and gold as stamped mon
ey.-Chas. Moran. France.
Reader can you define the sentence "main
tanning the credit of the nationl" 1t is simpl
paying the bondholder gold while the indus
trial classes starve. Journal, Poit Huron
| Michigan.