The patron of husbandry. (Columbus, Miss.) 1875-1883, 1882-01-14
SenatOr Jones on NJ
VIEWS THAT WILL INTFRper
LITIcAL ECONOMISTS
llhtervlew with Gath. !

,,r,c 10 INTEREST Pr.
LrrlCAL ECONOMISTS Fo'
interview with Gath
81 believe that money GU,
be based on units, or nnr OSIsnt to
the people. I propose 4 t;s Of
currency that shall be bevonu Of
operations of Congress or nor, The
and equally beyond the scb Onuc'
of bullion peddlers." ming
:How will you begin to ma. =.
currency, Senator Jones?" THIS
"All that is necessary is &C.,.
ascertain the amount of mon ,@ to
currency required'to do in an Or
and proper way the EXCHANGES easy
given number of people. W. VI
suppose that for ten millions of may
pie there is required zoo milI;onp.eO poo,
money. AS our country has | sa 81
millions of people, that wopla MY
quire 1000 millions of dollars &C.
would then put the stamp Of ~
Government on sometbino .'
could not be readily counterse ;aa5
and issue it for money not to h. :.
called. Our population would Nc
haps increase at the rate of -.
million year. All that is nec yn'
sary to do is to increase the coin,r.
in that ratio, SO that there shall 5
enough to do the increased ~
changes without cramping anybodv
or without spasmodic initiation n.
years the greenbacks of the Gov
eminent did the work OF moror
perfectly, and proved the most h.
neficent currency we ever b,5
These national banks have no bp,;
ness to he monopolizing the isspin,
of money. The Government. itsaif
ought to do it. and there is no neces
sityi of printing the money On >
material which is constantly chsr5
ing its value, and being cornered ~
chased hither and tbither."
"What would become of bs
mining interests in Nevada and The
Pacific States if you would demon.
etize both gold and silver"
"Oh, they would be Just as vain.
able as now for use in the arts and
manufa ctures. The money we ue
bears but very small part of the
labor in our transactions. Here are
notes of hand, bonds, stock. due
bills, greenbacks, shir plasters and
everything, made medium for ex.
change. The moment the law set.
ties upon anything whether nickel
or copper, as the proper thing to
coin money in, it is respected as
such"
"Senator, is it not a little strang.
that, with all your previous reading,
you should have come to the Senate
so ignorant on this question that
the illumination you had within the
past few years should have made
you regard all your previous knowI.
edge as worthless"
81 simply had refused to examine
the matter of money with bold
mind" said Mr.. Jones. 81 had
adopted the practice of the world,
and the unreasoning propositlou &c
the heather financial authors, such
as the idea that gold gets its value
from the labor required to produce
it out of the ground. Nothing is
more absurd than that. I believe
that the happiness of civilization
depends on eradicating the Pagan
views about money. The authority
of the Government, directed by the
intelligence of the people, is enough
to make our notes and tokens 60
for every purpose for which gold
and silver are now used"
"But how are you to give such
tokens value outside of the United
States?"
"Why, they would be gladly
taken where we have dealings, and
we are not taking care of foreign
estates, any way. We have every
thing within ourselves to keep US
alive, and we want a currency that
cannot be pulled away from Us,
prostrating every industry and the
Government itself at odd times
Senator Jones then remarked: My
argument which I put forward IN
the silver report on this subject has
never been answered. | would be
very glad TO engage in debate upon
it with any person in the Senate:
We have improved every vehicle OF
communication of intercourse, OF
development and of civilization ex'
cept the medium of human ex'
changes. 1t is impossible that we
can conduct the enlarged business
of modern times on vehicle when
is perpetually leaving US IN tne
lurch."
Senator, have you reason to DE-
lieve that these views have mace
many converts in the Uniteu
States?" =,
eyes. l think half the people Q,
the country to- day are of my oeilei'
The whole length of navigation IL
the Suez canal is So geographic
miles. OF this distance 90 miles are