, 1874-03-07

mnlo up Of human nttornptu to g,lido and direct
miscllioyona nnturo into safo and harmless pnthH.
An iloomprollonHibio balauce OF tratlo ia conao.
quently invonsed to confuse n .almplo syasem Of
natural oxchhngoB,-or q protective tariff Ia
developed to prevent our devoting ourselves to
What Wo fnd wo nro naturally inclined to do-
or theory Of currency mud restricted banking
=, ,ron,, H. a. MupphEs 'n,lnIaaa THE T DRAINS AN
fs Inado, crookcd.-t which was simple Ia
made con1piox,-tl,nt which was smooth IL nado
rough. can nevor road book Of tho protective
Hcllool, or tako mp a troatiao OH banking or cur
ronoy by ono who believes In It's regulation by
Government that my mind docs. not revert to
lunan experience III another branch Of learning.
Tho proteotioniBt, wiothor In trado or in Cur
renoy, reminds mo always Of tue profoaaors Of
the Old Ptolomnic astronomy; while Adm Smith
stands forth. as tho economical copornicns.
Every scl,oo1.boy knows the story Of tho old
astrologors and what resulted
Whom they catno to model heaven
And calculated the stars, how they wonll WELD
70 sava s appoarances e. sI how % gis the spero
3. Cyclic and opicyole, orb IN orb s.,.
genulty they had muddted and oonfoundod bo-
yond comprehension tho beautiful law Of tho
universe which gusdos the planets in tleir simple
paths.
corEnS1o1ua oAiE ALONG ONE DAY
and swopt aside oil this rubbish Il balance
"Dank Of England aot," and "moyement Of
crop thcotiosof tho s'loreal authorities. and
1t took something moro than acontury, believe
before mind like :baeon's even could 10 brought
to roallze how supremely simple and ox1uisiselY
perfect we're; tho untram,neled operat!one Of
Naturo. That King Of Spain WAS porfoosly right
who remarked, whom examining ptolemaio
cha15, 1nas IL 10 nao ooen pfesont At creation ho
conlo haVo -. ....,..,
AIDED THE ALMIGHTY
by some yery useful suggostions' So with the
roverential mind he approaches the sciences Of
trade or finance, In tho condition Of Dewilderlng
confusion to which 1t has boon reduced, is 1t
wonderful TINT, "aftor two wcoks' study" he
n he Sa e nsors BY fow
"Hhorr."
Now tho great mission OF Froo Trade. for this
eonoration nor At ioast, Is to my mind tho sweeping
awav from the simple, comprclonsible processes
webs which mans snbtloty and industry have
woven tho Inyriad cycles and 'opicvoes. centric
and cccentricg with which Tic lorn-book Of crea-
ton has boon dofacod. And gravoly question
ont Of faaIion and man ceased to nrotect % man
from eternai dauuntiou In tho noxt world by the
nrocess ~ hnrnint, to doat}, #, tbia INV
rrnvelv douht whothor there .haa beo1, anv 9ub-
ieot on which tlo human mind has moro thor
wLat tho anthorItios aro nlousoi To- term tho Ia
sniencn of money md CURRENCY. Exchanges and
hnnk;np. Vat. uurndoxical M Il sonnaa' + hold
thnt thig anhinet.ip as simple as eimnlo nan ha
II va will but contont ouracIyes with apnlynr to
mortary Drtnciplcs OF
r;a,,1a., :, ~, o,,,,,,., ,.,,
T., ,,,,,, rrart,a a. !, n',a - !,
~ Mro otTra po5n Mota1 tnn o nma'as ~ ~
fao M .o., t,, III thasn ,o VI III, ~
n small way. and we alwaya deal with them In
n,sA NJt eAAA ~ SS.A "%'A@ ~NASttA -
n,,rsolycs tbat ,leht Ia n h'nasinr r-or That
MIR having hirt nricos for oyervtb;nGf malos 1,s
any richer, or thet taxation leads to wealth, or
Tint not pnyinr o1r notes Ia crcditable. mt tia
We grow naradoxical: wo trv to be- profound
and nc arc mudllled We emit and WORT roal-
izo TINT what il right and good for Que. il rirht
and good for ali,
In anDroacbinr tho subject beforo ,8 thfs
evening. lot us decide wlIat money is: tLon Iot
US amply to its uso tic principles ii FREQ trado,
mud nscortalp If We cau tie true theoroticai
functions or government in regard to.it: alien.
Luving done TINT, lot lis take the concrete case
presented In our present experience, aud soc to
what conclusions we are brought. Money, as
valuos. Tint is enough for. d definition. But
money is Of several kinds,-thore is :" NOR
chandlse monoy" Tor instance, and there is
"constabIo money, both arc money, but tho
one is none, by 5oason Of an intrinsic value in
what We call "lesal-tender.' Tho
MEncHANDiaE MONEY
is that which civilized men universally adopt At
all times and in all PLACES; it has been, is aud
sio value or at ouoe exclangoable for that somc-
thing; it IL considered in itself to DO the equal
for that for which it is exchanged. 1t il tue
money OF Tree trade. because to it men always
have recourse "nsn loft 70 sen themselves
10 +1,a rrnoov ~ ,rotnotion -+Lnt 10 v,,a ,,r..