, 1874-03-07

/. 49,, FUNCTION or oovEnNmENT =,
IN roatlon TO monoy Is to Ravo roopln tho tr0nb!o
OF ,.ia carrying aboMt with them pair Of scales and
to aan,lro themselves TINT ovory quantity Of Tho
common measure Of value ofrorod thom Ii Of tho
propor ,voight aud requisite ilnonoas: for thla
sess roason they authorizo their aovornmoIta to
eoa e nesa oetSq a~ @n51 on @ sY Of ,1a tho
weieile nd ~ serving al public eortflcnto to that
effect. ThtH ~ NIL worry simple, md scarcely
Heoma to admit Of ai,.teo. It rosl,ltB In 'n1or-
ohancfisc.money." It is difficult to Imagine my
aovornmcnt decrcoing that in future ovory pook
shall DO callcd and paas for uslol,-eyery
inch for o foot, and ovory
OUNCE FOR POUND,
yet this Is exactly What eyory Government on
earth e. has done repeatedly and what our own
through III agency wl1oro FREQ trade Is poworless
to moot ito which tho "hantls.on' y doctrine
cannot DO aado to app1y,-tho machinery Of tho
courts. Evory community, Civilized or
ho as s Arbitrator eAVo in semg asputos '0aSe. IN.
twacn individuals. In all civil processes tlloro
must also 10 sonle measure of ynuo III which
tue Judgments Of this tribunal arc to DO settlod,
and here Il Ia tbat wo aro confronted with tho
Of Government interference haa eropt tho swarm
or legal; outrAgcs and many tamporings with
which tho world has boon full. Tho creditor
brings liis dobtor into court and comp1atns lo-
AVAO tu0 OuuE0 EuuE llD uMH COntG4C[Qu WIFI tuO
dobtor for
LOAF OF BREAD AND a FISH.
and paid him tlerefor; hut tho said debtor hath
nov brought him stono nlil q Horpent, III place
Of TUG loaf and tho llah nforoaatd, md ho prays
that Justice bo dono; thon tho representative Of
Justice on earth thus appealed to, points to tho
Stntuto Book, and thoro it's writton In a recently
enacted law tint u man who oWeB loaf Of broad
may give lliB creditor stone in lion thoroof,-
or II tie owes him 457 grains Of coined silver he
tY7Rf 1x$k ~ r.
itself nothing at all, but called tloflar. This is
"ConHtable-monoy.
, To tho dovout FREQ Trador,-to tho true be-
lioyor iu tho principles of thanfis oE,"-tho law
Of money n1ay then bo stated in tile fewost pos
sib'e woraa. With our prosout lights M nut
ter Of convenience, 1t is necessary tint the Gov
ornmont should put q distinguishing mark on
subdivisions Of the precious mota1B, simply to
Indicate their woIglt aud quality. aud to aavo
individuals from tho necessity Of 30 doing;
beyond this, also, the peace OF societY requires
that in caao Of Disputes Dotween individuals the
5udgmenta OF courts Of Inv must be suttlcd in
theao commoditios bearing tho Government
stamp. THIS dono, tho Government has prop
ever, oxcept to rocoivo and dfsburee it's own row.
onuos as 10 duno by any other corporation. III
decd, tho Frce Trader might 60 Oh to say, and
to support hla statement, with o terrible array Of
historical faots, that, considering tho fgnorance,
fraud and ctiminality Which nll Governments
have eyincca Whenever subjected to any eonsid-
orahle temptation in fulfilling tlcso simplest
conceivable Of functions,
.,,- THE MIND nEco1La
from contemplating tilo probable result Of on
Trusting to them tho more delicate and com.
plicatel problems Of banking and currency.
Whether fortunately or unfortunately, how
over, the theorlst cannot romako tho world llo
muot tako 1t and doal with it he finds it full
Of Ignorance, which mistakes words for things
brought up III tho firm bolief thar certain m,iaty
hninan regulations gnstain tho universe inHtoad
of hamporing IT. tho result in short Of 1lw
custom, aud uaago, rathor than of natural deyoi-
opmont. Yhcro nre two necessary functionsi
therefore, IN politics, which aro rarely found do,
velopcd III tho Same porson, the ono tic faculty
OF theorizing correctly, tho other tile faculty
Of applying correct theories as closely as may be
to tho existing conditions of mankind. Macau-
10y alutcB to this distinction when in bis history
lo laments that no record ia left OF tho confor-
onces hold betwoen Newton and Locke, aud
SomerB and Montague in relation to tho great
English recoinage Of 1905. For, ho says, it
would bo interesting to Sseo how, the puro gold
Of scientific truth found by tho two philoso-
phors was mingled by tho two atateamon with
just that quantity Of alloy nccosaary to it's
wording" Adam Smith was q great theorist.
Sir Robert Feel had u great faculty Of bringing
theories into practico. Richard .,Coblen cor,l-
binod tho two qualities. Tic business Of tho
thoorist is simply
,,,. TO FIND THE Tnur11,-
putting 1t IN application il mona OF his nff0ir;
oil ho has to do iH by severe thought mud close
observation to nsccrtain and then TO diyulge 81
best ho may the cold harl, naked principlo,-
llnging it down before tho world, to take II or to
!eavoit as may seem to it good, but taken or
left 1t is nono tho less tue truth. This done bis
work is over. lie has thrown down his ponrls
IL ho is very great man,-a CopernicuH, Ba-
con, or MI Adam chances are a thousand to
one hc has thrown thonn before awine; TINT,
however, now that the ,nqusitoM has ceased 10
protect,-now that wo hnvo got rid Of that oue
agency Of ''paternal" Goyernmont,--is no
concern Of his; ho has eyon his evidence,
Noxt, and infinitely
LowEn IN THE soALE
Of created intelligence, comes tile tr1o sta.es-
MANI do not mean tho counterfeit article ord.-
narily palmcl of as Il statesman, with Ills noisy
catcli-words: do moan tho t,no Btatesman.-
tho man who Is ablo to recognize a truth wLcn
Le secs it,-vho Gun rovo!yo It in Ills mind and |
apply it to the affairs OF life in i1at so fnr ns
those affairs are ripo for It's application.
Now taking the truths which tho great theo-
rists haye gYon us a,il looking ROUND on the
existing human conditional tile resnita NJ hn1,.
It, Of law, Of education ia nrocticnb'a in
Cur country in relation to applying tIo lawa Of
FREQ trade to the opoyations Of money ? 4 sow
yoars ago oven hero in Massaehusetta' tho CIV,
nm Y,,ott rrotontoI ,,,u H., ,,,,,.,, Ia,.l