The anti-monopolist., 1878-05-23
the price Of gold would be raised beyond
measure and We should see produced in Ru-
rope result lamentable enough.-Lem Fam

the price Of gold would be raised beyond
measure and We should see produced in Ru-
rope q result lamentable enough.-Lem Fan
chett.
Money, as used in modern civilization. is a
useful instrument that facilitates the exchange
Of commodities and services.
The intrinsic value idea of money was the
idea in the crude day OF barbarism.-Reec-s'
Encyclopedia.
Congress shall have the power to coin money,
to regulate the value thereof and OF foreign coin,
emit bills of credit, or make anything besides
gold and silver a legal tender in payment OF
debtS.-The OnstitutiOn-Daniel Webster.
II fthere is one measure better calculated than
another to produce that state of things where
the rich are daily getting richer and the poor
daily getting poorer it is a metallic currency.
w. II. HARRISON, Inaugural address, State Pa.
pers. 2. II, 4.
1t is too clear to be reasonably disputed that
Congress, under its ConSti utional powers to
lay taxes, to regulate commerce. and to regu-
late the value OF coin, possesses amp.e author
lty to control the credit circulation. Salmon
7. Chase, Report, Dec. 1861.
The money question is not so much of a
brain racker as Is by many supposed, but it is
rather simple when investigated in the right
manner. Money is simply measure of values
and as the nation contracts its circulation, it
contracts the value of all pro perty in like pro
portion. A. H. CASTOR.
Thomas Jefferson in his letters to Mr. Epps,
volume of Ills works, says: Treasury bills,
bOttOmed on taxes, bearing or not bearing III
teresr, as may he found Necessary, thrown into
circulation, will take the place of so much
gold and silver. Bank Iaper must be suppress
ed, and the circu!ationr estored to the nation.
to whom it belongs"
Fellow citizens, I believe in the greenback. |
believe it is constitutional currency in time
OF peace well as in time OF war. | believe
it ought to I've perpetuated as a fundamental
basis and an element Of our whole paper circu-
la'lon | have no doubt that it is as far as it
goes, the very best currency that ever was in
this or any other country Stanley Mathews.
Money should be thing of, OR belonging to.
country, rot OF or belonging to the world
An eXportabe commodity is not fitted to be
money, and nothing could b. more monstrous
than EnglaEd's principle followed by the
United States up to the war-her Legislation
forcing her people to be buyers of gold and
scarcest articles in the word--the condition of
thei' being able to furnish themselves with
food and clothing. --lsaac Buchanan
s5 But when it was once clearly un-
derstood that gold and silver are not wealth,
but merely representatives of wealth; when
men began to see that wealth itself solely con-
slsts OF the vaine which skill and Dor can add
to the raw material, and that the money is ofno
possible Use to nation except to measure and
circulate its riches all tue old notions of the
supreme Importance of the precious metals at
once tell tothe ground. English History of
Commerce. Buckle.
BENJAMIN Franklin, in volume 4, page s5. of
his works, says: "Goid and silver are not in
trinsically Of equal value with iron. Their
value rests chiefly on the estimation they hap
pen TO be in among the generality Of natlons.
ANY other ell-founded credit is as much an
equivalent as gold and silver. Paper money,
well founded, has great advantages over gold
aud silver: being light and convenient tor hand
ling large sums; and not likely to have it's vol
nme reduced by demands for ex portaton. On
the whole no method has hitherto been formed
to establish a medium Of trade equal in all its
advantages, to bills of credit made general
legal TENDER
When the laborer has received his wages in
money he has not received an equivalent fer his
services, but only something which will enable
him to get what he requires. The money there
fore Is not the equivalent, but the evidence
that he has parted with commodities or services
and has not received an equivalent.
Gold and silver coin must he redeemed by
commodities and services on demand, or they
can no more perform the function d money
than can irredeenable paper money.
The simplest and most perfect form of cur
rency is that which represents transferable
debts paper money with no intrinsic value
Coin so long as it tcirculates for the purpose Of
buying and selling for the time, loses its ln-
trnslc value.
As commodities gold and silver are capital,
butas mere money they are mere Representa-
tlves OF value.
Allthe confusion on the subject and wllich
has mystiiied the works on econoGy arises
out Of the fact OF not Distinguishing b~tween
gold as merchandise and gold as stamped mon-
ey.-Chas. Moran. France.
Reader can you define the sentence "man-
tanning the credito of the nation" 1t Il simply
paying the bondholder gold while the indus
trial classes staBve Journal, Pot Huron,
Michigan.