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 Ill E'l'
| rome a result lamentable enOuyh .-Lem Fam
chett.
Money. as used in modern civilization, is 9
useful instrument that facilitates the exchange
| Of commodities aud services.
The intrinsic value idea of money was the
| idea in the crude day OF barbarls .n.-Keeces
Encyclopedias.
Congress- shall have the power to coin money
to regu ate the value thereof and OF foreign coin
emit bills OF credit, or make anything besides
gold and silver legal tender III p,yn ent o.
deLts.-The Coz stitution-Dali Webster.
Ifthere is enc measure better calculated thar
another to produce that state OF things where
tile rich are daiy getting richer and the p"ol
daily getting poorer it is metallic currency
w. H. Harrison, Inaugural address, State Ia.
pers.2. ~, 4.
| It is too clear to be reasonably disputed that
Congress, under its Consti utional powers tc
| lay taxes, to 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 9
brain racker as is by many supposed, but it is
rather simple When Investigated in the right
manner. Money is simply measure Of values
and as the nation contra IS its circule ton, j,
contracts the value Of ell property in like pro-
pO 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
| circula ion, will take the place of so much
gold and silver. Bank paper must besuppress-
ed, and the circulation estOred to the nation,
to whom it belongs"
Fellow citizens, believe in the greenback
believe it is constitutional curreDcy in time
of peace as well as in time Of war. | believe
it ought to I've perpetuated as fundamental
basis and an element Of our whole paper circu.
Iation. have no doubt that it is as far as il
goes, the very best currency that ever was i'll
this or any other country Stanley Mathews
Money should be a thing of, or belonging to-
a country, not of or belonging to the world
An exportable commodity is not fitted to lie
money, and nothing could b. more industrious
than EnglaEd's principle followed by the
United States up to the warbler 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. --1saac Buchanan
4 But when it was once clearly un-
derstood that gold and silver are not wealth,
but merely representatives Of wealth; When
men began TO see that wealth itself solely COIL
ssts OF the va,ne 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 importance of the precious metals al
once fell to the ground. English History OF
Commerce. Buckle.
Benjamin Franklin, in volume 4. page IS, Of
his works, says: "Go.d anu silver are not in
trinsically 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 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
nme reduced by demands for ex port,tiOn. On
TO establish a medium Of trade equal in all its
advantages, to bills of credit made a 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 evidence
that he has ported With commodities or services
and has not received an equivalent
Gold aud silver coin must he redeemed by
commodities and services ON demand. or they
otH ho uioc PeiioIuA sAc IuhctoH VI uouey
than can irredeemable paper mOley.
The simplest and most perfect form Of cur
reney is that which represents TRANSFERABLE.
debts-paper money with no intrinsic value.
Coin so long as it circulates for the purpose OIL
buying and selling for the lime, loses its in
trinsiu 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
has mystified the works on economy arises
out Of the fact of not dis inguishing between
gold as merchandise and gold a. stamped mon.
ey.-Chas. Norm. France.
Reader can you define the sentence "main.
tanning the credit Of the nationi" 1t is simply
paying the bondholder gold while the indus.
trial classes starve. -Journal, Poit Huron
Michigan.