The Jasper weekly courier. [volume] (Jasper, Ind.) 1858-1922, 1881-11-25
MONEY.


mate with the new president, AZ well ".
with ex-senator Conkling, II may lie ol
Interest 10 describe again his peculiar
views on money and currency. lie re-
'|aewed the discussion Of that question
|hinsclf without any suggestion of mine,
|tnd, As he Il frank man. perfectly will
ling 10 put his views forth. and, indeed,
has already done 20, ! may give few
lpoinls Of bis talk.
\ "You have exercised considerable free
fdom and amusement IN criticising my
monetary views said senator Jones,
l'but II you have observed The secretary
'lof the treasury has refused TO give silver
certificates any longer FOR gold. showing
that silver, which l clampioned III the
senate, has actually appreciated more
than gold.'
1 But, Senator Jones. silver Il not good
llcnough currency for you. III rcmem-
l,bcr, you want money without metal, as
'lin the form OF token, an ivory ch.p or
anything that will bear tie stamp OF this
government, as dollar?y
! Yes; hold that both gold and silver
are utterly irrcicveut 70 their monetary
uses. The superstition which keeps them
in use will have its day. Nothing more
n necessary TO make money than the
stamp Of the government and thc law,
making that stamped thing q tender in
"How u Il, Senator Jones, that you,
who were once tie chief and most brill
limit advocate or gold and against the in-
lilation bill Of 1874. should now be iii IA
lyor Of such an arbitrary kind Of mon
lev ~
II came 70 the senate" said Mr.. Jones.
ia victim or a convert 10 the writings Of
the old financial authorities. like Adam
smith, Amasa Walker aud Stuart Mill.
~ was after that that became ilIumina-
Ited BY = study Of the actual facts OF the
lcxchangc. panic and currency. saw
property reared BY the work Of mems
Iliin.ls--towns. farms. mines, mills. rail-
|foads--a:i shrink 10 be next 10 worthless.
while this medium Of exchange. gold and
silver, bcgau 10 mount np and ~ ia val
uc. Whatever madc life inicrrsting was
without q market, and that which had no
usc whatever, exccp( 10 be boarded,
D. died ~ Jews. Was (hc master of the
.i'ne& 1N ~ nlystlf' There n ln-
justice II this. We want money which
slitII not leave tho country ns soon as We
gei into tight place."
tion I"
II am. was opposed to the imitation
bill which Grant vetoed. believe that
money ought "a be based On units, or
numbers ofthe people. Iproposc a kind
of currency that shall he beyond tile op-
erations Of Congress or politics. anil
cqHsIIy beyond the schcming oi tie bull
ion pcddicrs.r
"Iiow will YOU begin to make this cur
rency, Senator Jones ~
"Ali that i necessary 10 first 10 ascer-
tain the amount OF money or currency
required todo in an easy and proper way
ne exchanges Of given number OF peo-
pie. We may suppose that for ten mill
ons Of people there il required two hum 1
ired millions or money. As our coun- |
ry has fifty millions Of people. that |
would require one thousand millions OIL
ioiiars. would then put the stamp OIL
he government on something that could |
lot be readily couitcrteted and issue il l
0r money not 20 be recalled. Our pop
llation would perhaps increase at the /
ate Of ono million 4 year. All that II
necessary 10 do IL 10 increase the coinage \
q that ratio 50 that there shall be enough Il
o do the increased exchanges without
ramping anybody, or without any spas
nodic initiation. For years the green
'acks OF the government did the work or
money perfectly. aud proved the mos
'cncIicent currency we ever had. These
hnks have no business 10 be monopolz-
lg tho issuing OF money. The govern
ncnt itself ought to do il, and there Is no
necessity ofprinting the money on ma
crial which y constantly changing lis
'alnc, and being cornercd or chased hith-
n and thithcr.r
"NNhat would become Of the mining
interests in Nevada acd the Pacific states
fyou would dcmonctizc both gold and
ilvcr?r
'Oh, they would Be just as valuable as
low, for use in the arts and manufac-
nrcs. The money we use bears but .
cry small part OF the labor in our trans ,
ctions Here are notcs-0f.hand, bonds,
took, duc-bills. grccnbacks. ehin-plas.
crs. every thing, made medium Of ex-
hangc. The moment the law settles
pom anything, whether nickel or copper,
= tho proper thing 70 coin money IN, II |
} respected as SUCH
"Scnator, IL Il not little strange that,
With all your previous reading, you
hould have come 10 the senate 80 igno-
ant on this question that tho iIlumina-
ion you had within the past few yearsI'
hould have made you regard All yourI
previous knowledge as worhlcss ~
II simply had refused 70 examine the
natter or money with bold mind, said
90. 4 IL. Il ~ - -. \