The Hillsborough recorder. [volume] (Hillsborough, N.C.) 1820-1879, 1878-01-09
For TIE Recorder
a CAEECussH AH0Ur mONEY.

~ ROfh carolina, Cyan old NC. Teacher
4 g. K WHAT IS cREDrr?
\ Credit, ~ buriisss matters, IL die powe
toLorfows aidts peculiar 10 him VIII
borrows. fit FiEA4 4aaa1
Y II WHAT Is VALUE 10y 7,
\ Value lr,nlaiters o. trade, Is the powr
to buy snd Is peculiar to die thing boughl
WHAT rs THE sTANDARD or VALUE?
The standard THAT is The until Of valu
Is 2, 20 grs y. pure gold, ana n called
| $3.50 III Brg ~ fl9baW
WHY Is THERE ONLY ONE STANDARD oil
| 80. ~ ~ VALUE /? nv,
Because 10 NIL n,easuring there ought I,
lie but one we'll known unit Of me ,sure
SO that he who n,easuresand hefor whom
It's measured may be at one In III,
measuring. aud that the measuring don,
la one place, or at one time, may agree, ~
well rs possible with that done In anothe
place or at apothertime. 4a.. 4
WHENCE DO YOU DERIVE THIS NECESSITY
FoRUHiTY IN THE UNIT?
From the common reuse Of mankind
There oughtmt to be. and We take car.
that there sli7lll not be-. two yard sticks, oi
two quart measures. or two acres, or TIVE
carpenter squares. or lwo hours. A man
viii, an ''alias'' In his name isa suspicious
character. And the Bible endorses this
unanimous decision OF men. II declares
that "Diyers ~eirhts and divers measures,
both of them, are denominations to th.
L0rd.n
ETHE UNITED STATES ALWAYS had
but oSEsTASDAkD or VALUE?
Yes! In practice. although not IL,
theory. Our National Constiiutioi,, oui
supreme law In NIL matters entrusted to- il.
allows Of both gold and silver NJ standards
Of value But m practice these have been
kept together by ffequent adjustments.
While tile coinage Of gold has heen limi.
ted In ainounts and In values by thu
WANTS Of The people only, the coinage OF
silver has been limited IN bath ,iirrci ions,
by law. Those Who authorized The coin.
age NJ silver as well rs those who used Il,
have been always afraid 81 Our people
have asked for sss3. $50 800 In gold where
they have asked for only sos, s72.29l IN
silver. Our Inints have never asked to
coin more than s O45 .sss lon silver dollars
willie they have coined 19,345, Az gold
dollars. That Is. our PEOPLE have trusted
only one dollar IN silver where they have
trusted four and q quarter dollars in gold,
aud they have used. In buying and selling.
two and third times ~ many gold dol lars
N they have silver. We all know how
seldom we have seen Nh American silver
dollar. Indeed II Is now SO great
curiosity that collectors OF coins will give
for CERTAIN specimens even huEdreds NJ
dollars. Besides. while the silver dollar.
was coined II was repeatedly de.nonetised
and remonetise,lby having It's ratio 10 the
gold dollar clansei--fiTst In ls3i-ih.n
In ls37-then tile hnlf-ioIlar was Iinkere,I
In 1858 and. at last. In 1873. the coinage of
the silver dollar Was abandoned. = 4s.g
Why WAS THE SILVER DoLLAR DENosH-
TIsgD?
Becauss the value Of the silver In II was
changing. Those who traded
with II, N well a. those whose wages were
paid with Il, were never sure Of what they
were getting. At first 10 I1se, our iaihers
pat INTO their dollar fifteen times as much
silver NJ goId. After they had fouad. by
experience, that thisraiio was unfair, BE-.
:ause an ounce a. gold could buy more
ban fifteen ounces fsilver. they put!nio
heir dollar sixteen times as much silver
y gold. 30 they den,onetised the old
liver dnllar and puta hew one In lis
pl~ce. Amer awhile IL came about that
he silver dollar could buy more than the |
,old dollar. Then, afisr l~ariug a. ,oas |
y they could with this nuisance Of change !
y value In ons part ~ the standard. Con-
,rers determined to follow Nature and |
omIinn sense and 10 10 authurize one
ingle standard of value.
vas THIS DIFFERENTIATION DELIBRRA.
TinN? s ~ 81 ~
ENTIRELY 30. The necessity fnr n had
'ecnme apparent aud iInperious By the
sxations experience 81 nnre than eighty
'ears. The proposal to make II Was dis
used In Congress repeatedly for three
uccUasiye ycars. aud several repairs ON II
we're made 20 both houses ~ Congress.
% YOU THINK THAT TINS RESOLUTION
ouonT TO be nAISTAIxEDf
BY al manner Of means. Let there he
brewer. and IN aiiplaces. bat nne standard
{ value whethcrltbe gold, az silver. or
'ad. or iron. or wheat, or potatoes, OREGON.
kins.
WHAT oUoifT TO m THE cliAnAc.
EKisTics or the STANDARD yAIrE?
Theunli Of value ought 10 lie something
universally desIrrd o. supply limited by
iaiure only. and Of much value In lille
MIX. Besides, u ought 10 he, by Mature,
fbut litilechangeblencss 10 value, and lis
ought 10 be easily detected.
'IIY DO yoU SAY THAT THESE MARKS
AitE FOUND m aoLDa
m ns..s... an. s....s.I. - 4