The anti-monopolist. [volume] (Saint Paul, Minn.) 1874-1878, 1878-11-07

It is too clear to be reasonably disputed that
Congress, under its Constitutional powers to
lay taxes, to regulate commerce. and to regu-
late the value of coin, possesses ample author
ity TO control tue credit clrculatlOn.--SalmOn
P. Chase, Report, Dec. 1861.
The money question is not so much of a
gram racler as Is by many supposed, but it is
rather simple when Investigated in the right
manner. Money is simplya measure of values
and as the nation contracts its circulation, it
contracts the value Of all pro perty in like pro-
portion. A. Il. 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, rs may he found necessary, thrown into
circulation, 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
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.-Reeces'
Encyclopedia.
Congress shall have the power to coin money,
to regulate the value thereof and offoreign coin,
emit bills Of credit, or ma fe anything besides
gold and silver legal tender In payment of
debts. The Constitution-DanielW Webster.
Money should be a thing of, or belonging to,
a county, not OF or belonging to the world.
All exportaLle commodity is not fitted to be
money, aud nothing could BE- more monstrous
than rngiard's princlpie-followed by 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
scarrest Articles i'll the world--the condition of
Their being able to furnish themselves with
TODD and clothing. Isaac Buchanan
x + y But when it was once clearly un-
defstood that gold and silver are not wealth,
bat merely representatives of wealth; when
men began 10 see that wealth itself solely con-
siats or thu vatne 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 at
once tell to the ground. English History of
Commerce. Buckle.
Benjamin Franklin, in volume 4, page So, OF
bis works, says: God and silver are not in
trlnscal!y OF equal value with iron. Their
value rests chiefly on the estimation they hap
pen 0 be in among tile generality OF nations.
ANY other wei founded credit is as much an
equivalent as gold and silver. Payer money,
well founded, has great advantages over gold
aud silver; brlng light and convenient tor hand
ling large sums; and not likely to have its vol
nme reduced by demands for expectation. On
the whoIe 10 method has hitherto been formed
10 establish 4 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, bat only something which will enable
him 10 get What he requires. The money there
fore is not the equivalent, but the evidence
taat he has parted With commodities or services
and has not received an equivalent.
Gold and silver coin must be redeemed by
commodities and services on demand, or they
en- no more perform the function Of money
than can irredeemable paper money.
The simplest and ost perfect form Of cur
rency is that which represents transferable
debts paper money with no intrinsic value
Coin SO long as II circulates for the purpose OF
buying and selling for the time, loses its N -.
trlnsic value.
As commodities gold and silver are capital
but a. mere money they are mere representa-
tives o. value.
All the confusion on the subject and which
has nystiied the works on economy arises
ont Of the fact OF not distinguishing between
gold as merchandise and gold as stamped mon
ey.-C has. Moran. France.
Reader can you define the sentence "man-
tanning the credit OF the nationl" 1t is simply
paying the bondhoIder gold while the indus
trial classes starve Journal, Pot Huron
Michigan.
Fellow citizens, believe in the greenback
believe it Is constitutional currency in time
OF peac. rs we'll as in time of war. | believe
It ouSh. to be peFpetuated as a Fundamental
basis and an element OF our whole paper crcu.
Ia ION. have no doubt that 1t is as tar as i
] goes, the very best currency tina. ever was il
/ this or any other country ! Stanley Mathews