davidaulloa/AmericanStories huggingface dataset:
The anti-monopolist. [volume] (Saint Paul, Minn.) 1874-1878, 1878-07-11

Redfi cid. correspondent of the Gin
cinnatti Commercial. writes July LIST.
us follows:
We must be pretty near resumption
in fact rs we'll af in law. | was in the
treasury this morning, where a long
strip of bloated bondholders were
moping the sweat from their brows as
each waited his turn. coupon il. hand
They were receiving interest in gold
but every little while one would say:
''Oh. give me paper actually prefer
ring paper to gold. When this is the
case, we seem SO near resumption that
it is hard to see where the dividing
line is. \ sweltering day like this,
when men dislike to cross the broad
and hot street in front of the treas
ury. imagine that the officials could
resume" without calling much of a
crowd. They could hang out a sign,
Gold given in exchange for paper at
par. and the crowd rushing to take
advantage Of this would not be larger
than Bob Ingersoll would draw if he
should lecture upon mo hereafter at
ten cents head.
This illustrates the doctrine we have
long advocated that paper money was
preferable TO metallic money; and that
the latter was only insisted on
through an OLD world superstiti on.
And lRedield makes this significant
admission which those who have
claimed that resumption would do
well to peruse:
There are numbers of people in the
country who long with great long
ing for resumption. for with that
event they expect good times TO
set in. They will be mistaken. The
times will lie hard for some years vet.
and those no look for resumption to
h.lng good Times are as much mistak-
em as are the infiationists who profess
10 believe that resumption is ruina.
ton. Should resumption take place
tomorrow. or should it be postponed
a year or two years. the effect would
not he perceptible to business man
in the land. with the possible excep-
ton of bankers. Resumption will
have no other effect than to .infiate"
the currency with the gold that is now
locked up.
The gold now lockedNp will be held
in the bank as security for their out
standing notes. The people will see
little of it.
But if resumption will not produce
good times why have we gone through
wretchedness and ruin to reach it'll
The anti-monopolist. [volume] (Saint Paul, Minn.) 1874-1878, 1878-07-11

More and more our agricultural
greatness comes to the 'front.' rs the
times grow darker. Now it is France
that is buying largely Of our produc-
tons. IN exchange says
Consul Bridgellnd, at lIaNre. re-
ports 4 large increase in the demand
Tor American grain and PROV Visions in
France. The general substitution of
corn for oats III feeding tramWaN and
cab horses has increased the demand
for tins grain TO double what it WAS II
year ago. The demand for W heat has
also increased. Oar principal exports
of provisions to France are bacon.
pork. lard. tallow. and beef. The
shipments of bacon have doubled. ami
Of lard have trebled, those OF the cor
responding period OF LAST year. The
shipment of fresh beef IS also an I'M
portant item. nearly half 4 million
pounds having been received At Havre
between November and MAY.
The manufacturing industry Of
New England. under protective
tarin, did we'll enough 10 plumber the
agricultural population OF the west in
the day OF our prosperity. but when
the storm broke it went to the bottom
like cookie she'll.
The anti-monopolist. [volume] (Saint Paul, Minn.) 1874-1878, 1878-07-11

pears from the hest i,formaion ve
aor o+ ,,,,+ ~, 49,
,i.''' io"' VIZ '''i' S'i NV
iaiSe neg crop
Mlnnesota's wheat crop is also az
fected in MANY nuarters Inv rust and
II still h,e 70 r,,n tho ordo,l Of hot a,d
~ iiis "o''iiei "hi'fi may ie"uce
the ylelu one half. Nothing could be
more unWise than the indiscrininate
boastinn which mr. Dponle indnjpe in
We b,,ea coo, -, ,,.ho,t TO-
~ - :
iSuuOS'' oio ioui ~ III W uiiie tIiu
more imam that In quality after 1t
was partly harvested. Few things
are more uncertain than wheat raiS
;na
NeIe are the Iast reports from 10
wa:
CHARLES CITY. Iowa. .Jure oS.-I
drop Won 4 few lines in regard to crops
in this state. Corn has grown re-
markably within tne last two weeks.
With a continuance of rood. warm
weather we viii vet have q. fair aver
age crop. Barley GENERALLY lirht.
Wheat not headed vet. EXCEPT extra
The anti-monopolist. [volume] (Saint Paul, Minn.) 1874-1878, 1878-07-11

The merchants of New York are
about ready to go into the Granger
business. While the farmers COM
planned Of the unjust and excessive
changes Of the great railroads between
the Mississippi valley and the sea.
board, the merchants Of the east
Knocked them. Now they are begin.
ming to feel the whip and spur. I'VE
quote from the New York Times:
New York merchants have read
with good deal Of interest the letters
of Nr. VIM. II. Vanderbilt and the
interviews with Col. Scott and other
railroad officers upon the pooling
system and its effect upon business.
a large number Of merchants were
visited yesterday with view to as.
pertaining their opinions about these
latest expressions of the railroad
magnates. Without exception, mer-
chants were impressed with the sci.
ishness and hollOwness Of the views
of the men who hold the great rail
roads Of the country in their hands.
They all say there is nothing new in
the communication Of Mr. Vanderbilt
and there is no reason, after consider.
ing what has been said ut Detroit.
Baltimore. and Philadelphia, to sup
pose that there is less to fear from
the railroad corporations than there
has been for some years past. One
merchant who has been identified
with the chamber ofcomm rec efforts
TO secure from Mr.. Vanderbilt a
recognition Of the important interests
Of this city, said he had no patience
in reading the opinion of the president
of the Central railroad. lie was con-
WINGED that it WAS Mr.. Vanp rbilt's
policy to extend and ampiify his
power. not to promote the commercial
interests Of any city. II it suited hi,
purpose in attempting to mDnopoliZe
the transportation Of the country. to
furnish this city with facilities. he
would give them. hut. as i'm the case
of the recent requirement uf a great
privilege along the waterfront. it
would be found that his use Of that
privilege would be turned much,
more TO his individual advantage
than to the welfare of the whole com
mercial body. 80 long as Mr. Van
derbilt can talk ''pools." and can at
the same time get shrewd EMPLOYERS
TO esade the pool by making special
contracts, by breaking rates and by
re" orting tn all sorts of tricks to
obtain a larger share of business than
he Guild without open competition,
why he will favor pools and pretend
TO object to competition. lie said
that It Is known To every business
inan in this city that there are unfair
determinations every day, hut that
the presidents Of the railroads easily
disregard complaints about them. dis
avowing knowledge OF the practice OF
The anti-monopolist. [volume] (Saint Paul, Minn.) 1874-1878, 1878-07-11

Read this. and see the record of
ruin still being wrought by the deadly
legislation Of John Sherman and Wall
Street.
New York Specia. 30th.
There were Il very large number Of
failures in New York during the six
months ending June 80. 5l4 being re-
ported. with total liabilities of $780,
go, 795. while the assets amounted to
less than a third of that sum, or
Hop. 602. This is a large increase
over the number during the cores
ponding period last year. The totals
for tho year 1877 were S47 failures.
with gross liabilities Of sd ,687 900;
assets. %. $40. 800. Among stock
brokers and bankers there were %
failures; liabilities g. s54, go. less
than one-tenth. There were the
same lumber of suspensions among
manufacturers; liabilities. q ,4l2. sos:
assets. 1913 1903. Twenty-six grocers
failed, with total liabilities Of 1913
1875: assets. s405 245: carpenters and
builders appear with IA failures:
liabilities. S3.5lS.041; assets. SlH .234.
In January the drug trade was embar-
raised by the assignment of +. J. Dun
ming, Jr.. note broker. and seven drug
houses suspended. Liabilities amount
ed to S531. ia: assets to S496. 39s.
Twenty-one failures were reported in
the boo. and shoe trade; total liahili-
ties. 81 .3ss.016: assets. $685.
Lumber dealers had seven failures:
liabilities. S2.l47 .92S; assets SI04 .927.
In the hat trade there were Is failures
liabilities amounting to 81 .O4O. 246.
Nineteen liquor dealers failed. owing
SS09. 08s. In the provision trade there
We're fifteen failures, in which the
liabilities. in which the liabilities
were S421. l6s. In the sugar trade
there were three failures. the liabili-
tier amounting to 81 .l5D. 313; assets.
s239.4S7. Among shipping merchants
four firms suspended. having liabilities
of Ss46. 9s5. Four real estate agents
became bankrnpts. with debts amount
ing To 81 .567 900. ard assets $50, 600.
Five railroad contractors failed owing
$3.50. $50. and having only S25 900
assets. In the jewelry trade IA fail
ures had liabilities of 81 sos. 800. and
assets of sI66. 9S1. In the dry goods
trade only seven failures were reported
S47I.504.
The anti-monopolist. [volume] (Saint Paul, Minn.) 1874-1878, 1878-07-11

hen we commenced the Green.
back campaign here in the west ii
looked for a long time as if we could
expect neither sympathy or support
beyond the Alleghanies; as if. like
slavery. the financial question would
ba a geographical question. But
within the past two or three years all
this is changed. Pennsylvania. New
York. New Jersey. Massachusetts and
above all Maine have led off in the
great revolution. The Portland.
Maine.l Nssc Era says:
"Dirigo. The motto OF Maine is
''Dirlgo Il lead. In lS4o Maine led
off for the wings. and that party tri-
umphed. Maine lei off for the Re-
pablicans. and that party swept the
county. And Maine bids fair 10 lead
of III the grand triumph OF the Ma
tional party.
The anti-monopolist. [volume] (Saint Paul, Minn.) 1874-1878, 1878-07-11

\ recent number of the IQrk Luae
Erpress speaks as follows Of the bad
prospects of the wheat cropin England
and Scotland:
Broken and unsettled weather has
prevailed throughout the course of
the past week. and scarcely day has
passed without copious showers Of
rain. while the temperature has been
low and the nights especially cold,
retarding the advance of vegetation
and seriously jeopardising the pros
poets If the cereal crops on the heavy
lands. With the advent of June in
creased warmth and a cessation
Of rain were reasonably expected
having regard to the usually humid
chtracterof the preceding month. but
the weather has hitherto disappointed
all such expectations. @na the agricnl-
tural situation is causing farmers
greater anxiety every day. Com
plants of discoloration are rife alike
in England and France. where in
many districts, the wheat plant has
also been lid by the heavy rains,
while weeds have everywhere IN
creased with great rapidity. In
Scotland similar state Of affairs
exists. al low-lying land being III !,
saturated state. ana the oat braird
much damage by the ravages of grub.
The pastures and artificial grass lands
bear Il heavy crop. it is true. but the
weather is anything but favorable
for haymaking. and the country is
everywhere pining for the want Of
warmth and sunshine. Speaking
generally. the appearance of all creals
is bulky, but the tendency of so much
moisture has been to develope plant
at the expense of grain-producing
power. and. however favorable the
weather may be during the next two
months. it may not be too much to
say that appearances do not favor
the presumption of more than a bare
average yield ut harvest. at anX rate
rs regards wheat and barley.
The anti-monopolist. [volume] (Saint Paul, Minn.) 1874-1878, 1878-07-11
lodging regular rates by shifting
responsibility on employees. Other

lodging regular rates by shifting
responsibility on employees. Other
merchants spoke to the same effect.
of value and increase in the pu"chas-
ING power of Onr coin dollar. Specu-
lators and politicians have made IN
alteration in our unit Of value. This
has rendered the debtor liable to pay
in Il bigger dollar than that in which
he contracted to pay. The following
high authority sufficiently condemns
sucha policy:
TO make any direct alterations in
the terms OF the contracts entered in
to between the individuals. would be
too barefaced and tyrannical an inter.
ference with the rights OF property to
be tolerated. Those. therefore. who
en!eavor to enrich one party Of society
at the expense OF another. find it
necessary to act with great caution
and reserve, and to substitute artifice
for open and avoWed injustice. In
stead Of directly altering the stipula-
tlOnS in contracts they have Ingenious
~ bethought themselves of altering
the standard by which the stipula-
ton were adjusted. They have not
said. in SO many words. that ten or
twenty per cent. should be added to
or deducted from the mutual debts
and obligations of society. but they
have. nevertheless, affected this, by
making proportional change in the
value of the currency. Men in their
bargainings, do not. as has been a.
ready seen. stipulate for signs or
measures Of value. but for real equiv
alents. Money is not merely the
standard by a comparison with which
the value of commodities is ascertain
ed, but it is also the equivalent, by the
delivery of affixed amount of which
the stipulations in most contracts and
engagements may be discharged. 1t
is plain, therefore. that no variation
can take place in its valne without If
fecting all these stipulations. Every
addition to the value of none y. makes
Il corresponding addition to the debts
of the state, and of every individual,
and every dimnution Of its value
makes Il corresponding diminution of
those debts. Suppose. owing to an
increase in the difficulty of procuring
gold and silver, or in quantity of bull
lion contained in coins in the same
denomination, the value of money is
raised ten per sent. it is plain that
this will add twenty per cent, TO the
various sums which one part of So
ciety owes To another
The anti-monopolist. [volume] (Saint Paul, Minn.) 1874-1878, 1878-07-11
Our INCREASING shipment of cattle

Our increasing shipment Of cattle
to Europe Is shown by the following
The steamer France. of the national
line. sailed for London this afternoon
with the largest shipment of live cat
tie ever sentOut from this port in a
single steamer She took out FIVE
hundred head Brought from Illinois
and Kentncky over the New York
Central railroad = the New York Cen
tsai stock yard. md thence on the
regular cat b0at to the steamer.
The anti-monopolist. [volume] (Saint Paul, Minn.) 1874-1878, 1878-07-11

The leaders of the old parties have
succeeded in sitting the voice Of
Maine on the great financial miseries
OF the countries, but ut last she has
reused UP and proposes to take her old
position at the head and front Of the
greatest movement in the history of
the country. And when her voice is
once heard calling fer Reform. il Will
be echoed all over the country.
Oh Maine prayer founded. Never hung
Such choice upon 4 peoples tongue.
such power to bless or ban
The prayers OF the starving. the
tears and shame of the naked. and the
groans Of the Wretched have stirred
Maine us she has not been stirred
since the flag of sampler Was fired Oh.
''The evil days have come, the poor are made
prey,
and hilltop calls to hill top for the
people to come to the relief. And
they are ''coming us the waves come
when nayles are stranded. and all
parties that try 10 ObStruct the way
will be ground to powder.
The anti-monopolist. [volume] (Saint Paul, Minn.) 1874-1878, 1878-07-11

We participated last wees in Il re-
markdblc celebration of the national
birthday Vt WabashaW. The audi
ence WAS one OF the largest ever As
sembled in Minnesota; not only We're
great crowds present from the coun-
try adjacent to the town, in Wiscon-
sin and Minnesota, but the Midland
Narrow gauge Railroad company eel
ebrated its opening by bringing down
great numbers of people from the rich
interiors of Wabashaw and Goodhue
counties. The day WAS fine, the
weather pleasant, the location select
ed for the celebration, lin Camp
bells grove, beautlful, and alto
gether the occasion was a Red Letter
Day in our existence.
The town of WabaShaw IS waking
up from Rip Van Wrinkle sleep and
entering upon Il bright and prosper
Gus career.
The anti-monopolist. [volume] (Saint Paul, Minn.) 1874-1878, 1878-07-11

Preseason DaIrd reports that the
work going ON at the headquarters of
the United States Fish Commission
at iIavre de Grace, Md, is the most
EXTENSIVE ana important undertaken
during lie history Of the service. At
the beginning Of June they were TAX
ing over u milliO II shad eggs day,
Matching them promptly, ana sending
them ouf to the head waters of the
principal streams of the south and
southwest. It is expected that from
twelve to fifteen million young fish
viii be secured. Toward the end of
July, salmon Matching will begin. and
the Commission hope to make a sue
cessoul solution Of the problem OF
stocking the streams Of the MISSISSIPPI
pi valley With California salmon.
The anti-monopolist. [volume] (Saint Paul, Minn.) 1874-1878, 1878-07-11

Tie PiontsS Press, discussing the
question OF tree-planting the other
day, said:
In this country. unfortunately we
have had no governmental policy on
this subject. until very recently,
when by the eXertions chiefly Of the
members of congress from this state
congress has adopted the wise policy
eff giving large donations of public
lands TO settlers on condition Of plant
ing and cultiyating thereon certain
number Of acres of timber. If we
are not mistaken the original impulse
to this whole movement. which is
destined to prove of incalculable i'm
portance to all the prairie regions Of
the west, came from Minnesota: and
to Mr.. Leonard b. Hodges. through
his valuable contributions to the Pho
ncer Press, and through his organi-
zltlon Of the forestry association,
more than TO any other man in the
state, that impulse is due.
We can scarcely think the Pioucer
Press is mean enough to utterly ig-
more our connection with the subject
Of forest culture, when il did itself
cover rs with ridicule for years for
leading of III advocacy Of the then
untried project. We made the first
speech ever made in congress upon
the subject OF planting. three or
-four years before Mr.. Hodges was
tree. planter Of the It. Paul
and Pacific Railroad and before he
became identified with the subject
He has done a great and practical
work and he would be himself the last
man to sympathize with this attempt
of the Pioneer Press to commit a gross
The anti-monopolist. [volume] (Saint Paul, Minn.) 1874-1878, 1878-07-11

water power which could thus be
thrown into the head waters Of he
Ohio and Sus1uehanna to be used a
hundred over would be OF incalculable
value to that great industrial state,
While it cost would be but a triiie com
pared with steam. more especially
now that the dams ana water wheels
already exist. The same principle OF
supplying power to other streams. but
By steam power. it is believed Will be
found feasible, especially where the
stream is 50 rapid and the dams 50 nu
meTous as to completely use The water
when furnished. The water leaving
the Connecticut at Holyoke. Mass.
turns the water wheels ,or mills To-
Gated upon six different terraces. so
that the same water is used SIX times
over III a distance Of less than two
miles.
The anti-monopolist. [volume] (Saint Paul, Minn.) 1874-1878, 1878-07-11

One of the most striking schemes
of this age OF marvels is the plan now
mooted 10 feed the water powers OF
Pennsylvania from the waters of Mag
ara. 1t is rs If we were To supply the
rivers Of Minnesota from Lake Supe-
rior.
The Scientific american says;
The head waters OF the Pennsylva-
mia streams are not very much higher
ner are they far distant from the rap
ids at Niagara Falls. ana the sugges-
ton of increasing the water power of
the state of Pennsylvania To an al
most unlimited extent by using the
power OF the Niagara Falls To force II
supply from the head of the rapids
across 10 the head waters OF that
state is believed To be feasible. The
The anti-monopolist. [volume] (Saint Paul, Minn.) 1874-1878, 1878-07-11
An interesting interview occt

An interesting interview occurred
recently in Nav York between Genl.
Thomas Ewing of Ohio and Peter
Cooper. The World thus reports it.
\ committee composed of George
". Gihhins. Walter II. Shuppe and
f. Z. Miller. representing the Nation
al party called upon General Thomas
Ewing. IF Ohio. one # the leaders Of
The Gyeenhack party III The west. ut
the fifth avenue hotel last evening.
ana thanked him Tor his opposition to
the resumption act. and congratulated
him upon the defeat of the senate
substitute bill IN the house. Bv invi-
tation of Peter Cooper. General Ew.
ing accompanied the committee 10
Mr.. Cooper's house. where a general
conversation ensued upon the green
back question. General Ewing asked
Mr.. Cooper what ought u he done to
insure a return of prosperity to the
American people.
Mr Cooper replied that the time
had come when the American people
wo, 81 demand the establishment OF
justice it would be impossible to
>eeHre domestic tranqu.llity The
people were coming to understand
that the money found in circulation
As a currency ut the close OF the war
had become the people money. over
which the government had lost all
control. except TO tax it rs so much
property. The people will come to
see and understand that money has
been wrongfully taken from them and
converted into national debt Justice
cannot be established ana the general
welfare can not he promoted without
a return of the peoples money by the
purchase of all the interest bearing
bonds of the government. and in that
way putting an end 20 the national
debt. BY the payment Of the bonds
now due some Sl.5Oo00 100 of cur.
rency would be put into eirculat on.
which would flow into all the channels
of business. like new blood. to re-
invigorate the whole commercial
body.
The anti-monopolist. [volume] (Saint Paul, Minn.) 1874-1878, 1878-07-11

The reports increase of damage to
the wheat crop III southern Minnesota
from rust. We quote:
The Jackson Republican says there are
numerous complaints in that section
that wheat is rusting-''A sort OF red
rust and not the black rust that gener-
ally is So destructive. Many contend
that it is but the leaves that are af-
tected. while the heads continue green
and thrifty rs though nothing had
disturbed it. Our farmers await with
anxiety the next few weeks and
though we are inclined To think most
regard it rs not very serious. still it
may blight more OF less of our fields
SEINE fields are scarcely affected.
while others are reported yellow and
have dead and ripe look already
The Waseca Rddicaf says:
During quite IN extended trip
through Blue Earth, Watonwan. Cot
tonwood and Jackson counties. last
week. we were enabled 10 observe
closely the growing crops. We are
satisfied that the prospect" of bic
crops is somewhat exaggera ed.
Nearly every field OF oats or wheat
that we SAW WAS .struck with red
rust. more or less. The weather
during the next three weeks will
have much to do with maturing the
wheat crop. and while the prospect is
fair. there 4, no certainty thai the
yield viii be rs large A. last veaI. y
litlle less gushing on the lagt ~
the daily papers about the -"aigge~,
crops ever raised in the state. would
he appropriate.
The anti-monopolist. [volume] (Saint Paul, Minn.) 1874-1878, 1878-07-11

We quote the following from the
Encyclopedia Britannica, vol. Is, page
800. as it applies directly to the con-
dition of things which has been
brought about in our country by the
contraction of the currency and con-
sequent enlargement of the standard