The Iowa plain dealer. [volume] (New Oregon, Howard County, Iowa) 1867-1895, 1881-07-28

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more, II will need another change.
and readjustment. The only thing
about the gold coins that 10 fixed and
permanent II their legal or dat value;
that remains always the same, re.
gardless OF the amount Of gold In the
coin. Now, IL In the absence Of fixed
amounts OF money and Of wheat, We
had q law fixing tho status Of the
wheat a. It does Of the dollar, then
the measure theory would hold good.
Now, admitting that gold money IL Q
number one money Gas all green
hackers do) does It not look q little
cheeky" for the owners Of the gold
TO say to the producers Of the wheat.
"6irs, our gold measures your wheat,
and all other property; It is tor us to
say what prices you shall receive.
We the wise f1nanciers control this
matter. We know much better than
you what prices are best for you"
But how superlatively impudent It 10
when, instead Of gold. they say "our
bank paper Is the measure Of your
products. We have got the best
bank paper ever made or thought Of !;
It 10 flexible, you see it will expand
or contract at our pleasure, 80 that
,cs can measure all your property
Just to suit ourselves. whenever
there IL an important election pend
ing and We want some special legis-
lation, 80 that We can bind you q lit
tie more securely, we will get up Q
bit Of q boom, and give you good
prices and reiterate our battle cry Of
''honest money" and National faith
and homo" (of course We will care
fully keep silent on the matter Of
our own population Of contract on
the five twenty bonds and the farth-
er reputation Of the time honored
silver dollar), well knowing from
past experience that II we shout our
war cry loud enough and often
enough We can trust your party
zeal to carry us through. Again
money Seven gold money! cannot
measure values OF other things for
the reason that value as coupled
with any products or thing (unless
liked by law, Is an ideal thing, an
estimate having no substance,
length or breadth that can be meas
ured. Ard Sir, It would be Just as
reasonable to talk OF measuring
mems thoughts, ideas and estimates
on any other subject, as on the one
Of values. ! repeat money Is not .
measure but . representative OF
values, hence It Is not at all neces.
sary to its free circulation and per-
feet fulfilling OF ito mission as mon
ey, that It should contain intrinsic
value equal to Its legal value. Now
Sir, am perhaps boreing you and
your readers with longer letter
than is necessary, but the fact that !
regard this very grave question
must be NY excuse, and believing a.
/ do that Il the voters Of the country
can be induced to fairly and candidly
examine the subject, and learn for
themselves the true uses and func-
tons Of money, and not permit their
judgment to warped and clouded by
the sophistries Of men who are In
terested and anxious to convince
them that they cannot understand
the subject OF finance, this idea Of the
necessity OF intrinsically valuable
money would disappear with other
wrongs and superstiti0ns Of the
past, and we would show sound COM
mon sense by using for our money
the material best adapted for the
purpose. In full faith that the time
Is soon coming In which the people
OF these United States Of America
will see and act with their usual good
judgment,
] remain respectfully yours.
w. +. DANIELS.