The Columbian. [volume] (Bloomsburg, Pa.) 1866-1910, 1878-04-19
TIE MONEY QUESTION.
MAINvILLE, Columbia county, Pa.


MEssRs. BRocKwAY & ELwELL-ISirs
Seeing number of articles by different wri-
ters on the financial question in nearly all the
city and country papers, and about as many
different views and ideas to prove that they
are the true aud only ones to solve this great
question.
As it may not be out of plac, to give some
of the facts as have collected them from DIFF
ferent reliable sources on the money question;
although l may differ from a great many, es-
pccially the money kings, all | aak is to
read it, and if any have anything better, let
us have it in print we want all the light on
the money question we can get. The first
question then is, what is money!
lst Money il any piece of metal stamped
by national authority aud used as the circula-
ting medium of commerce.
2dd Money is any piece of paper,issucd by
public authority as bank notes or bills of
credit, and exchangeible for coin Or re deema-
BILE in specie.
Sd. Money is legal currency aud the con-
ventional measure of value, the common me-
dium:of exchange in civilized countries by
whioh ,,,o raI,,ns or oo,nn,,d;,;os ,ro os,;,na-
,oJ ~ a,n l,n,rL n,ona,. ,ha n,,;anaI n,oon.
h,ors -, ,ha n,nnr ,,nnav ~ tho Lated
s,,,o, not oxohonr,olIo f,r oo;n or rodaomod
in s,oo;, .bo, baro Io,ol r.,,o ,ho so,,o
~ .o;r i, tha eo,ooll,,;o, of dsh,y and 20.
deemed in other notes of the same kind, but
% n,oaa,,ro ,rh;o, noo,la vso :, araL,n,-;nr
ort;,.los =. ,h;ao,. or ! .s;ro als, s.anaarJ h.,
wL;oh ra,,,, ,roas,,.o, ~, It'll h 90
tun r,,,o. ro,l vaI,o - ,,sa onI avohsnno
vo,,o or wbat o,bor. oro wi,I;nr 20 ,;vo 70
oh,oin Il Tho, ,hs y,I,a ~ ,,,ano,, Janand.
mon tbo ro,tor;,, of which :. !, n,d, :. e,lso
and orronoou, ,I;.c,ncor,;or of ,ho no,rr,
of monov ;s Of limo standing Money c,nno,
ho nsod \, an ort;cle or actual vaIro l;Lo c,od
ar clotbing IF man he ,o,, on tho onon
90, ma l;nJ of ,o,o, AM, s,r,,,, h;a h,,.or
or co,tribpte to single want Soc;e,v ia al.
w,vs nacoSsorv bofnro monov oon nossoss ans
f,nc,;on Of volue or usoG,,noss wba,ovor
Monov oron tbon r,rS, bovo Ion,, ox;s,onoo
and must,be , rational renresentot;vo Of valuo
not valuo itself bnt tbing rsed n svmhol 10
renresent and measure valne and ia a nubl;q
lien on al, the rronortv in the nation and q
leo,, tender in navment of all dobts that no,o
can successfnllv refuse Wheat land or cat
,le ara values not nonov Or lonoI ,onae, g.,
the navment Of dabts and dues Money ia q
means. n contrivance n convenience n ma.
chine 70 helm and hasten tbo transaction
Of business and the EXCHANGE of articles
Money is nst canital il only renresents tn,
value of capital There would be M pse fo,
money unless capital first existed y her,
cap;tal exists money is as necessary to rem
resent and exchange #, value 40 it ;s 70 f,r
n;sb n leo,l busbe, ma,sure 70 es,;n,ote IN,
evcb,roo wheat. tho oroatar tho cor;,oI ,b,
mora morev roou;rod 70 meoOuro and Nv
change it. Money ;s the greatest and tb
most contro,l;no ;nauence of all earthly no,v
ers; it determines the rate per cent that shal
be paid for the use of all property. A nation
money intimately affects each individual
and should be well understood in all its bear
ings and its relation to the people for uu
less well understood and regulated, instead q
serving our needs as an angel of mercy, it be
comes the most powerful engine of evil an
oppression ever created. The subject ma
= seem dry and uninteresting, but it must bt
mastered and learned, unless slavery, igno
, rance and poverty be sweeter tina
liberty, knowledge and equality. Har
money made from metals as gold AM
silver, must be limited by reason Of thei
scarcity of production from the mines, whic
cannot furnish sufficient quantity to NEE
the requirements Of any civilized nation. 1t
estimated that if all the gold now on han
was coined into one dollar pieces, it woul
prove insufficient to furnish each inhabitar
with dollar. What answered the require
, ments of heather nations or teudal times car
not supply the needs OF civilization and tn
, progressive age Of art and science.
d Again, money made from metals proving il
adequate to the demands and needs of prc
qressive nations n resort TO credit was Nh
Y next step towards reform. Banks were e.
tablished and paper money p,inted and issue
e nronising to redeem the same in coin. wbe,
h ever presented bv the holders at the bank ,
$ issue. Bankers finding il unnecessary to kee
, coin constantly boarded M in their vault
e sufficient TO redeem each dollar of paper ci
a culatinp among the people. contracted III
amount of metal money and increased the 4
| sue 'cf manor money. and ,bus obtained inte
= est ~, rent ON Nancy that was not ronresente
: br metal money and the cu.tomers who bo,
ro,y,J from the hanks felt safe and ,ecur,
:. w,;,a tba hanks held enouob metal money
'o'' ~, """' =" foi .no"'y Ai's"' ~ p.'I'
: lars in notos with only ff,v dollars coin I
, ra,,..o-o,. H., T, a,,u ar,, aoun..,, kor,,