The anti-monopolist. [volume] (Saint Paul, Minn.) 1874-1878, 1878-03-14

out VI 'ul Nulutu SuDScTlDeTS,
Lawrence Tracey of West Albany,
Wabasha county, writes as follows to
the Lake City Sentinel:
WEST ALBANY, Feb llth, 1878.
EDIToIs SENTINEL:-You take so much in
terest i'll the silver question, | suppose you
have read Senator Beck s speech in he United
States Senate, wherein he clearly shows there
is a debt OF over one thousand million of dol
lars standing against the United States, for
which our government never received one
dollar in consideration. That speech will
very likely set the farmers OF the west to
studying he difference between their honest
debts and the debts they owe according to
law.
few months ago q mortgage was foreclosed
on a farm in a neighborng town for 81 200,
which the owner of said farm borrowed in
1867. At that time gold was worth 81 40 !;
consequently, according to your gold stand
ard, he got 1867 in gold. He agreed to pay 70
per cent. per annum on the 81, 900, " which
would be $l44 yearly Ii we add together the
price of gold on the first day of each year since
1857, and divide by the number of years. we
will find that gold was about 81 10, and si44,
with gold at Sl.l5, would be $l25. 2S This
is the amount i'll gold he paid yearly AZ inter
est on the original sum of 1857. The fair in
terest on that amount, At l2 per cent, would
be $l02 "a; consequently he has paid yearly,
$22 ~ i'll gold which he was not morally
bound to pay. FIVE take 1924 yearly tor
ten years, with simple interest at IL per cent
per annum, it will amount to *573 49, this
amount that farmer has paid, for which he
received no consideration. W which he was not
morally bound to pay, and according to your
gold standard he was not legally bound to
pay. live take that amount from the orig
inal sum of 1857, we iiLd he honestly owes
$4S5 IN gold, or say $500 in our present cur
rency. And now that BANDS silver bill will
give him chance OF paying that s4S5 in a
little over 81 100 in gold nearly every psper
in the country is bowling about reputation
honest money, an honest dollar and all that
You have not one ord to say about the com
bination of circumstances that is robbiug the
very men from W nom you are getting your
living, and who have built up the Sentinel
to be W hat it is. This is no igurative illustra-
ton. neither is it an overdrawn picture; but
an actual fact, and it is only one OF the tens of
thousands of such cases to he found all over
the west
The London Times once made the state
ment. that the American press was in the
hands OF reckless, unprincipled men. The
great thunderer might now add that the same
press IS owned body and soul by the money
power OF Europe and America. The New
York World, Herald, Times and Tribune are
run i'll the interest OF the Rothschilds, Bel
u,vhs, s"' NoutV SHu uieu oi tueir ct.ASS
They are careful to advocate nothing except
what is for the interest OF this money power:
and all the little six by mines throughout the
country echoes their sentim. nts. As Byron
said OF the dog:
Whose honest heart is all his masters own,
He lsbors, fights, lives, hresthes for him
alone.
Their HONEST hearts are all their masters
own,
They labor, write live, breath for them alone.
Aud think might add from the same
lines
Unhonorcd they fall, unnoticed, all their
worth,
Deprived OF Heaven the souls they held On
earth