The anti-monopolist. [volume] (Saint Paul, Minn.) 1874-1878, 1878-11-14

It. 90 clear to be reasonably disputed that
Congress, under its COnst utivnal powers to
lay taxes, to regulate Commerce. and to regu-
late the value OF com, Possesses ampe author
ity ~ control the credit circulation. --Salmon
T. Chase, Report, Dec. 1861.
The money qu-s tion is not 50 much of a
gram racker as Is by many supposed, but it is
rather simple wt:en inves: igated in the right
manner Money is simp!ya measure Of values
and As the nati" cciitIatts its circuli ton, it
contracts the value OF Ii property in like pro-
potion. A. Ii. Castor.
Thomas J-ferson in his letters to Mr.. Epps.
volume 8 Of his works, says: "Treasury bills,
bo;tomed on taxes, bearing or not bearing III
teiest, as may be found necessary, thrown into
circulation, will take the place Of so much
gold and silver. Bank Taper must De suppress
ed, and the cir ulationr estored to the nation,
to whom it belongs"
Money, as used in modern civilization, is a
us~tu instrument that facilitates the exchange
OF commodities and services.
The intrinsic value idea OF money was the
idea in the crude day of barbaris .n.-Reecss'
Encyclopedia.
Congress slla! have the power to coin money,
to regu ate the value thereof and OF foreign coin
emit il OF credit, Or make anything besides
gold and silver a legal tender Ill payn ent OF
debts The Coz, stitution-Daniel Webster.
MoHev should BE- q thing Of, Or belonging to,
acountry, not Of or belonging to the world
An eXpurtabie commodity is not fitted t. he
money, and nothing could b more INDUSTRIOUS
than Eng lsEd's principle followed by the
United States up TO the war-h + legislation
forcing her people to 6e buyers OF gold and
making their possession OF gold one of the
sca,re>t articles in the world the condition of
thei- being able to furnish themselves with
food and clothing Isaac Buchanan
x; Il = Bat when it was once clearly mn
derstood that gold and silver are not wealth,
but merely representatives of wealthy VIXEN
men began to STE that wealth itself solely c0::-
slsts or 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; ali t, old notions Of the
supreme i'm p'r,ance 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, says: God and silver are not in
trnscally Of equal value with iron. Their
value rests chiefly on the estimation they hap
pen be in among the generality of nations.
Any other vel founded credit is as much an
equivalent as gold and Silver. Pa, err money,
we'll founded, has great advantages over gold
aud sliver;being light and convenient tor hand
ling large sums; and not likely to have its vol
the whole 10 method has hitherto been formed
10 establish medium of trade equal in It's
advantages, to bills of credit made general
legal tender"
When the laborer has received his wages in
money he has not received al equivalent for his
services, but only something which will enable
him to get what he r.quIts. The money there
fore is not the equivalent, but the evidence
that he has parted 18th conn,oiitit or services
and has not received an equivalent.
Gold and silver coin must be redeemed by
and services on demand or they
c vi no more perform the function Of money
than can irredeeinable paper motley.
The simplest AID most perfect form of cur
rency is that which iepr SCENTS transferable
drbts-- paper money with no intrinsic value
Coin SO long as it circulates for the purpose of
buying and selling for thu lime, loses Its III
trlnsic value.
As commodities gold and sil-er are capital,
but as mere money they are mere REPRESENTA-
tlveS OF value.
AL the confusion on the subject and which
has rnystified the works on economy ARISES
out Of the fact of not lis inguishing b-twe.n
gold as merchandise and gold as stamped mul-
ey.-Chas. Nor III. 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, Pot Huron.
Michigan.
Fellow citizens, believe in the greenback
believe it is Il constitutional currency i'll TIM.
OF peace as we'll as in time of war. believe
It ought to be pefpetuated as fundamental
basis and an element If our whole paper circu-
Ia ion. have no doubt that it is as far As i,
goes, the very best currency that ever was in
this or any other country Stanley Mathews.