The anti-monopolist. [volume] (Saint Paul, Minn.) 1874-1878, 1878-05-02
ABSOLUTE MONEY IN CON.
GRESS.

| 4AO 0OoOAuCC mOIloy Campaign mas
had a formal opening in Congress
Hitherto only little skirmishing has
been done, but now we may expect,
sooner or later. heavy lighting ali
along the line. In the House of Rep.
resentatives on April Hon. Hendrick
b. Wright, of Pennsylvania, presented
a preamble and resolution, the former
of which recited the manifest injus.
tice which the Government has done
its citizens through pernicious finan.
cial legislation, and declared that the
intelligence Of the American people
demands ''a convenient paper money,
to be issued by the Government, and
to represent its entire wealth, labor,
and productions, Cor its security; to
be limited in its amount to its actual
requirements, and thereby make it
ABSOLUTE MONEY, which will
form bond of union between the
people and their Government, to last
us long as it lasts The following is
the resolutions:
Be 1t resolred If the Senate concur, J
That in order to provide sufficient
amount of money for the necessary
demands of domestic business, to give
work to the unemployed, and a fair
return to labor and it's productions.
to enable the people to pay their pub.
lie and private debts, and to relieve
them from the present oppressive
burdens of taxation. Congress will
authorize the immediate issue of $500
100000 of United States notes, which
shall be a legal tender for their face
value in the payment of all debts or
dues, public or private, hereafter
created, and for all existing debts OF
obligations. except where the con-
tract provides for their payment in
coin said notes to constitute perma.
nent Notwithstanding obligation
for currency uses to be known "a
national money, and to be placed in
circulation at the earliest possible
time, by authorizing ond directing its
expenditure in the current expenses
OF the Government, in pressing
early completion necessary publ
improvements, such as are indicated
in the preamble to this resolution,
and in the prompt payment of just
public obligations; provided always
that no stock or bonds shall ev1r be
issued to represent said money, or
any burden ever be levied on or col.
lected from the people for its use
when so expended.
The resolution was referred to the
Committee on Banking and Currency
for action. Reference to a committee
in our legislative bodies very often
disposes of subject finally; by tacit
consent it is allowed to die in the
portfolio of the chairmen Of the CON-
mittee. But the relief measure pro-
posed by Mr.. Wright, will not meet
this fate. 1t may not pass,--perhaps
will not even be considered--befOre
the adjournment in June. but we feel
morally certain that when Congress
comes together again in December
there will be ample reason for speedy
and favorable action on this and
other measures of relief for long.
suffering people. Judging by the
wonderful Greenback victories and
gains in every part of the country and
taking them AS forerunners of many
and much more of the same kind next
November. we are of the opinion that
Congress will have no alternative left
but to renounce Sherman with all his
works and pumps and inaugurate the
era of absolute money.