The anti-monopolist. [volume] (Saint Paul, Minn.) 1874-1878, 1878-10-03

the price OF gold would De raised beyond
measure and we should see produced in Eu-
rope result lamentable enougn.-Lem Fan
chett.
| Ifthere is one measure better calculated than
another to produce that state of things where
the rich are daily getting richer ana the poor
| daily getting poorer it Is metallic currency
w. H. Harriscr inaugural address, State Pa.
pers.2 2, 10, 4.
It is too clear to be reasonably disputed that
Congress, under its Consti utional powers to
lay taxes, to regulate commerce. ana 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 q
grain racker as Is by many supposed, but 1t is
rather simple When Investigated IN the right
manner. Money is simplya measure OF values
and as the nation contracts its circulation, it
portion. A. H. CASTOR.
Thomas Jefferson in his letters to Mr.. Epps,
volume of his works, says: "Treasury bills,
bottomed on taxes, bearing or not bearing III
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
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 offoregn coin,
emit bills Of credit, or make anything besides;
gold and silver a legal tender i'll payment of
debts The onstituton-Daniel Webster.
Money should be thing of, or belonging to,
country, not of or belonging to the world.
An ex portable commodity is not fitted to be
money, and nothing could b. more monstrous
than Englacd'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. --lsaac Buchanan
+ 4 = But when it was once clearly I'M
derstood that gold and silver are not wealth,
but merely re representatives OF wealth; when
men began to see that wealth itself solely con-
sists OF the valne 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 the Old notions of the
supreme i'm portance OF the precious metals at
once tell to the ground. English History OF
Commerce. Buckle.
Benjamin Franklin, in volume a, page So, OF
his works, says: Good and silver are not in
| trinsically Of equal value with iron. Their
value rests chiefly on the estimation they hap
pen o be in among the generality OF nations
Any other vel founded credit Is as much al
equivalent as gold and silver. Pater 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 expectation. Or
] Irf., ,o1 lac 1pf
10 establish medium of trade equal i'll all it:
advantages, to bills of credit made a genera
| legal tender"
When the laborer has received his wages i,
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 b,
commodities and services on demand, or the,
can no more perform the function Of none,
than can irredeemable paper money.
The simplest and most perfect form of cur
rency is that which represents transferable
debts--p 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
trinsic value.
AS cohihioui'ioS soi" "A size 90 NP
but as mere money they are mere representa-
tves ofvalue.
All the confusion on the subject and whic
has mystfied the works on economy arise
out Of the fact of not distinguishing b-twee
gold as merchandise and gold as stamped mon
ey.--Chas. Moran. France.
Reader can you define the sentence "main
tanning the credit of the nationW 1t is simpl
paying the bondholder gold while the indus
trial classes starve Journal, Port Huron
Michigan.
Fellow citizens, believe in the greenback.
believe it is a constitutional currency in tim
of peace as well as in time OF war. | bsiev
it ought to be perpetuated as fundament'
basis and an element Of our whole paper circu
la'ion. | have no doubt that it Is as far as
goes, the very best currency that ever was
this or any other country Stanley Mathew