Weekly Chillicothe crisis. (Chillicothe, Livingston Co., Mo.) 1878-19??, 1880-11-18

manning llIee are tUpdgpU Ill profess
sional and personal service. One of
the latter three we will suppose to be
governor of the colony, whose entire
municipal or public affairs, at this
stage, may easily be managed by one
competent man.
The five producers of the raw ma
terial find it incOnvenient, in connection
with agriculture, to grind and weave
their own grain and cotton into food
and raiment, so the three manufacture
crs thereby get employment and must
have Il fair share of the food and raj
ment for their services. Then their
children are to be educated, and some
of them may get sick. which creates
demand for professional services, the
doctor and teacher come to the front
The latter neither produce nor manu-
facture, but must have a fair share of
| the neCesSaricS, comforts. and luXurics
of life, because those who produce and
fabricate these articles enjoy the bCne-
fit of their professional services. Final
~ differences and diSagrccmentS will
arise among them as to the rights, i'm
munitieS, and privileges of each in the
enjoyment Of his property and liberty
This brings into demand the services of
the governor whose labor is for the
benefit of all, and must, therefore, be
paid for by all, Now there is a rela-
ton between the governor and the
eleven others which does not exist be-
tween any two of the subjects in their
private or individual capacity.
A farmer may owe Il miller toll for
grinding, and the latter may owe the
physician flour for his services, which
may all be settled by agreement, and if
the doctor acquire a surplus OF flour he
may exchange it for whatever he needs
provided he find a customer who also
needs his flour at the same time. But
the trouble Of finding such Il customer
and conveying the flour to the sources
Of demand, neccSSitates the business
Of trade and transportation, TO which
one of the twelve cOlOnistS has been al
lOtted. He conveys and distributes all
surplus from supply to dcmand and re-
ccives fair share for his services.
We now come to the relation he
tween the governor and his eleven sub
irrtS. who all owe him for his service,
which is supposed to he more valuable
than that Of any one subject This
public service being rendered for all,
must of course br paid for by all. His
service being far more valuable than
| that of any one subject he of course earns
more Of the ncccSSarics, comforts and
luXurieS than he consumes; this ncccS-
States the issuance Of some sort of
claim against the market for whatever
article he wants ut whatever time it is
required for use or consumption. Here
we arrive at the true and legitimate
source Of money.
We will now consider the method Oi
institutmg and validating such claim
against the market, or money for circu.
lating and facilitating exchanges:
First. We find no way of comparing
the services of the governor with the
service of the teacher or the physician
because the latter is not regularly need.
ed by the governor, and even if it were
there could he no standard by which Ia
determine the relative value of a days
S'rviC eOf the governor and a professional
visit Of the physician; or the compara.
tive value Of Il days service Of the
teacher.
Second From professional service To
the skilled labor of the manufacturer
we step down Il grade lower in the scale
of human service and encounter the
same obstacle in comparing or deter.
mining Il relation between the public
service of the governor and that of the
manufacturer namely: the want Of 4
common standard by which to measure
their comparative values. Trade and
transportation may he claSScd Will
skilled service, to which the same rule
applies.
Third. We come to producing labor
which is the "bed rock of all human
service. There are different degrees OF
skill exercised in agriculture, but the
east skilled labor alone is susceptible of
definite measurement, or an intclligibl,
standard unit. Skilled or mechanical
labor in agriculture is no more or nearer
diviSiblc into units than is public ol
! me- nf f,.si,,,r1 Sill l., A,l /,
indefinite and immeaSurable, but is Sus
ceptible of endless degrees of develop
mcnt. 70 fix the standard at ten hours
manual labor for one man would lacl
both defnitencsS and uniformity, he
cause different men have different man
ual capacity for labor, even of the low
est order or mSklled labor. II Seems
then that the feature of "CapaCity,'
or the other factor of industrial value
force, taken in connection with time
affords Il definite and uniform STANDARD
measure or amount Of value that cal
never, under any circumstances, lluctu
ate in comparing it with all other ser
vices or values for estimation. ol
"prices." The term price always mean
the "market value" Of an article, ant
is determined or governed by the exist
ing proportion between supply and de
mand
If ten hours of unskilled manua
labor performed by one person who's
, manual capacity is sufficient to raise 81
pounds, and this labor constantly ant
regularly eXerted he declared the stand
ard measure of all values, under wha
circumstances could ii iluctuate? COul,
, ten hours, if made the standard meas
ure of time instead Of one hour; or 25I
pounds, if made the standard of weigh
: instead of one pound, ever iluctuate; o
could both of these factors, taken con
, jointly, fluctuate, and how?
1t has been said by eminent econo
mists that no such standard is neces
sary. They say that it is sufficient t.
declare a paper dollar as good as a golt
dollar But how good is gold dollar
and what measure of value does it ex
press? The legal-tender doctrinairs cal
never intelligently separate themselve
, from the metallic School so longas the
fix and define the purchasing or debt
, paying power of their paper dollar a
being equivalent to Il gold dollar" /
gold dollar is defined by law to be 25.'
, troy grains of weight, but not of value
A grain is a quantity of specific gravit.
> having no more relation to value thai
I,n., =, 30, ,,, ,,1.anI,, pb I,,i