Grant County herald. [volume] (Lancaster, Wis.) 1850-1968, 1886-02-04

Therefore, deem it a wise use of
time and effort to teach carefully that
The dollar is simply a legally adopted,
limited portion of exchangeable value,
as the pound is legally adopted, linn
tied portion of measurable weight; the
yard, a legally adopted, limited portion
of measurable length; or the gallon a
legally adopted, limited portion of
measurable capacity. That
The a0ord dollar is simply the name
or expression of the idea of this por-
ton of value, as the word pound is
the expression of the idea of this por-
ton of weight; the word yard the
expression of the idea of this portion of
length; or the word "gallon" the name
of this portion of capacity. That
The dollar is the ideal thing; the word
is theeGpresSion of this ideal thing. That
Money is the legal, tokenal, tangible
representative of the dollar, some deci-
NAL of the dollar, or some multiple of
it. That
Our unit of money, our unit coin
monetized, is the legal representative of
our ideal unit which is the dollar. That
The dollar Gas is the pound) is in
visible; but that the money, its repre-
sentative, is visible and tangible. That
There is no such thing as gold dol
lar, silver dollar, nor paper dollar,
any more than there is an iron pound
or . wooden gallon, but there are
paper coins, silver coins and gold coins;
and that evolutionists should call them
what they are. That
Any of these coins may or may not
be monetized. Though while monetized,
paper coins are not paper money, but
money of paper coins; silver coins
monetzed are not silver money, but
money of silver coins; and gold coins
monetized are not gold money, but
money of gold coins; for coins are
made of materials by coming the ma
terals, but money is made of coins by
nlonetizing the coins. That
Money is coin or coins monetized;
that is, coin or coins inspired by law
to represent the dollar, some decimal
of the dollar, or some multiple of it.
That
Money is applied to exchangable,
priced values to represent, record, and
exchange them. That
Money is the general society's GER
tticate, check, and order; certifying
that service has been rendered to the
general society to the amount denoted
by the coin or coins, or that that amount
of property has been delivered to the
general society for which the society
has not yet rendered an equivalent
service nor delivered an equivalent
commodity; checking that amount as
deposited in this society by the bearer;
and ordering any individual or COM
pany in the society to reimburse the
bearer on the credit of the general pub
lie which makes this monetized coin
companies from obligations for COM
modities or services, and to put these
obligations upon the general society
which should discharge these obliga-
lions by rendering an equivalent SER
vice, or by delivering an equivalent
property and taking up the certificate
of labor performed or property de-
livered
Now, through their organs, such as
the Chicago Times and the Inter-Ocean
and the like, all over our broad land,
the worshipers of the precious metals"
have said time without number that the
reason why gold and silver have GER
tain so-assumed-to-b fixed value is
that in either case lit represents the
cost of something that Fan ounce
avordupos of silver has cost something
like days work." and that can ounce
of gold has cost the aches and sweat of
more than u fortnight's toll to exact it
from the earth. And that "when the
miners part with these metals they de-
mand in exchange other products which
have cost equivalent amounts of labor
just 50, gentlemen; there IS just where
we want YOU to stand, and it is where
we shall keep you, too. We, the peo-
pie want money that will represent
The cost of something's" and we want
and shall have n Su6fcielcy of it, too.
We want money that will represent
1.-THE aches and sweat" of specified
number of days. hours, or weeks toll.
And when we, the toilers, part with
this money we shall demand in ex-
change other products which have cost
equivalent amounts of labor" or if the
exchange is for service, we shall demand
equivalent amounts of service. even
when we exchange with you. Do your
lordships see what complexion things
are about to take?
Now then, let the people begin to
manage and operate public utilities and
conveniences in their own interests.
Let them go to work ut once and
| through their agent, the government,
build three rail-highways from the
Atlantic to the Pacific, and three more
from, AT or near the British line to the
Gulf and to Mexico, and let them pay
for these, for the labor and materials
used, in an entirely new issue of full
legal tender money of paper coins tina
shall represent the dollar, decimals of
the dollar, and multiples of 1t. This
work will require before completed.
from five hundred to eight hundred
millions of dollars worth of labor and
materials, more or less. Let the peo-
pie instruct their agent, the govern
ment, to begin by paying to each labor
er the pittance termed the 'golng
wages of the present" and as the vol
ume of money increases, so increase
the wages of these laborers to keep pace
with the wages of other laborerS who
will work for individuals and COM