, 1869-12-14
VALUE.

Skeseh By Franuis LtebeF LII. d. Q
L What il ya1us: EymoioU u Of n little
I1lstanre Ia 12oer.Aintng tho tue meaning Of tho
For4s usysi cuItouNy through znsceasFe Gen. | =
.z,es and ga,1oua idiouA TA1us aud Talour :
7rns nom the sane root, sod nc ahoots, equally
ose 70 IT, Mhle va1our u ctJInnios1c211y the sx2e
nh TEE French ra4eur, which In turn me2na what
,e E1sl,2h word value de41gnssel Tne.Geruan
rprd for rains h W<rtl, which. e:yuclog:ally. Il
be sare with the Engitah WoEtn
II has been found dtn1cu1t 10 derna Value, NOT
eeaase There i any mystery ahons tue subject,
nt because yalue, al re sntl1 see indicates vsr..
bio toc reciprocal relations OF exchangrahle
hinxs, Aoa also heczuse vAlue u one
Il snosa xoedl with which ssa11 one
connects very w4RnD, thtnEh not
lccurate meaning hundreds Of Jear1 before - At- |
smps II defining them Ia made, sooh ~ the
Erds ststc. AonsI cTeu, Property and Right
Fopu1srly speaking, It may be za,d that The
gre Tor u uodlAed hy sRak the pofsessora OF the
arc rtlHrg to receirs for II, DO mat:ef
apous ths rtasous Of the ore Or tne otnet- A per
ron sel,lnz applea IN The uasxst, U asked Whist Il
meant bI lte 1atno OF barrel Of sppaes, would
aptNsrs vxine means Nhlt They cost II asked |
again what does snh eostsn1 neau. he would he1t-
t4ta. Con-, he would think. Does il mean Whist |
Pusa tos ", W ueAs ~. ~ ~. - w.. ~,
s1,sss =, ..1,..~ T. 1nd.ed. ~ xnu,d cxrry
~. .e.,.... ~ ~
All deanitlous Of value aiming It tezse+
ness, ra saxncurate, uften 1&lse tre1
70 ahaurdtty, End needs nu2t be
oac or the ctner. Il Nc sre ,deattous 10 express
ssnr . -. 10 sv,... nt err,7r.s,on then tre
ss,1,..n~ d. ~ rr1n.r dsanis,on If vn:nA. WANG
N y,oftt,. ~ Ecnnnmr means tue dese1ress ct an
.-eha.e..,,a th,n1 nrnr,ssaxt In exthnuoeahie
ching, nos.esaed b. tae denrr4, oaered By him
s1d .oeerted ID sxch.u9o for It By tho poezsessos
AZ tnr dessy,ed srt,c,e. ox exptesacd ID q third
c,mmot,t, anfncden,iv familiar To The exthaugeKy
Ill, roonay Fa,ne Il tho mesa Of DeslSedaeae
s.d E.,nct.neo 70 nart With the desired thing,
.Tn,..t,3 IN rnorAr. Whtther this morey consist
:. eo1s .nd .r,er ~ !. hrcre,, af tes. In coFres
~ nnyrs nI,td NH ro1d du.t in "t1pe npaey,"
sTrov. cattle. az skins IL tadluerent.
pr,ne II yalue expressed IN current money; tt
nnt +, n xnat ovnerx nt ot1eret articles AK
NJ n.stnedne,s nnust not 10 cosfpunaed with desr-
.h,enesr Tne ,eaar desirable thtleH, Injurious,
v.rtorr ,h,rc. arr ofteu. urfortunate!Y, moro
..,,.S tS,n wno.esnrna us.yul or
d~co9on, .z,,nn.od.,ea. and tnetr pt1ce u deter
yctutn hy the degree os sheir bepR de8lyed not hY
+hrtr tts,rnh,enesa The poofe1. boots rox gen.
...r. s.,, ~. ~,
~, 49, - d..trrdo.xs alone ,mo.rt ra,ue. Tne
dss,rs N Tosse.. mn.r ~ snnnorfed hv tha. which
- =. e1ssat - .~.n.,.. Ths hs4,o;r1, r,,v.no
~ 1S Hsss - s.as ,. T.,,. - ~. =
nno,. f.,n,.nnn and n RIA s.S,e tirne. iupever.
ssss .a.srns so.. ~. -n,.. tha v.lra NJ rr,,n
na,.., n,,.-s ~ csr M, for ,r gfer, >, and hn1
~. ..~s-srs ~. crr.,tnr., aear.e ct
.s - T., rn,,. wr.r ,h1nsenas r--,.h do.. nat
- i. - N..A., -. ...- -
barrel Ok 0oor Il nofsa sSo pa1se.s u ~
pitk fNb Dt1f&t2 0A zFpsGS 3se ~ tAE ks-A0 hi$0
worm ooe nassel u poott aau osol '. uoa
I u "osla ee!tAn s1noaab VI spta, s*Aeu " ~"
ten eotA1, tue psf1e4 o1 sppiea N tao gwen e"so
l u worth dTe doHafs: nat u 1of ~aasese9 HAoo,
us ss4ue Q! kolo sttoaio .iuA ooe.quA eA.s ~. =
to ksy, II It wca!d require an amount Of god
called By lnE S145 to purchase tnat ldt wh.ch until
rnen 500 had been paid IN that case our oafe4 Of
| asp'ea wonla b HoEth 4e-sA fsoo1' Apples, EoM,
al change 10 deaifedtees-'a salue Inete u no't
there cAnnot be snJthlrR aanle IN VhateVef fe1esa
TO value, Or 70 The conp.<1son cf Fa1aea Win one
Anotnef'
There cannot oe aosolats VApe' ano u
mca2ult, {. O., 4 foot II N abso!ute magnitude,
WITH which other maznisadea arn eonpateo.
Tnefo caLhot DC q feA or aoeolale MeAaate VI
value. But COMMODITY deAtred ~ Al may b
and Is used Is An approximate estimation Of saluc
tysiuasion}, and this L uBuatls called noae5'
But money IL no real measure Of salae eloee aae
commodity Of which It constatst Itself chs1eet
sa1ue. FA'uts wcro exrrtsaed, formerly. tn VII
gtn:1, IN hogaheada Of tobacco snd tn Wess Penn.
s1isaalsr Cktaaa, AUD esnsl Pa1ss O. A1aessea7 "
beaver axloA
4 aimilA definition applies to the value ol
fc1Y1ce, isaor, sktn. vaor, Ut tsfen1. knoa1ed2e
| eVea snsas eesa ~ aneses'hsh aaa e'oe3 VI 'saH1
! rcDdereds given, OF let toF consloefaslou. Aas
utility Of The land does not conaafate IL f34ae
bat sA@ S~s4+s41s.e ~ tsA nt4is1. 1nS anss
Aaus na1S 'e'' S''s0 A's'1'Ats '11e1 t'1''1@"~
saG% EsI @ ...,,.a =, .,cn.,,..h,,
fslne can on4y oe PteNcAteo VI eA.uAaH oss.ls
thaneh OF, IN othef *ofds. Sa1'e nee4.y ~.
phss e1caansan,enes,. ,, .aa: s.s..'a ~ -.
qalse@ - 4eAs' INV 01Ns40ts 'sS'' HNA~
| mo exchtnRea. 49,
Things urappEoefiased hare q" saue' ~
pearl 70 Sonoaa % - 'ne rs. 49,. nn.n,
us9ntta .as tsu't Ms.s .St,s -. ,s.ne 80 =,
Inc Wnaie' 1oe tusA ol .oe .nu esepo1us Eve ~ y
ya1ne my mose tnao INC NON essSo'e1sa M ~, ~
!on, AIaooSn sass - Msea ~ s,n-on...s,
suos Ao eppsf.. Ts.ss -
IaeJ pseohe eAeaeuke' 80 - -
no Salne Mnste .y :.
o.nea ~ ina, ...-.r ~ .a,ro,r1ss..ts ,,t n1ar
.ou u 1ne - ~ t....., ~,
Il pa saio .oo* @Ae - $3.50. ~ =. :. -, ~.
Hataf y al uGe eqH.uy asS a.s is a. 90.
Gfnaeo W Mo Hs' o ...s-.,,s ,h,er, r.,n,
qH*ssot !" y nsA ~
oael"te' H~aAo' " ens4t. - =. =,
Naae c4aaot W sausts. W 81. 80 ~, ~ -.s1
!. enanse 81 o. aesuea a,a ~ @ts,a,,,, II ~
oo@.e'a W. pVfS1 - ss,.., ~, -.
fIeoetlcA eoe a'e*s - oo!Asa ~ ~. ss,. -" =
PoH1 .....s s1 ~ -. ..s.,,tx ~ .na ~
ee .. eas1n, =. ssas,ns sse .ss-s ,,t.,aes ~,
". =. so.'s s " .~ a..s,s,-n ~. pots,nas h,
, e'a'. osl 49, -S .,..s'e,s. "a nn,a 1,,.I
= no sAae eaate o's.A ssaea .s ~. -. rnaerT..
~ r,.T :, noin,n1 and for cn,,,t7o ns,
: Now' "psu - ~ ~ o.n.n,ss ~ ~. L..n ~"
l "*1 >WS1Aa s1e e'etes -. -. =,
= I ~,.,,- =, - rcr trrnnsh gr.nt,
= m v.meo nY1,en nianer. becansc personal want
n.r., 1ne ,ew., ttsr,osf norr tntease,r deu,e
. \ H.Ne e.. *AN tt f.,sH. -. .-S. =. II. =