The examiner., 1886-06-19
BINGHAM HEARD FROM,
The Term sTmtfinsic Value' is Always Improperly Used Except when Ap- piled to Qualities of Human
 Charactef.O

Improperly Used Except when Ap-
 piled 10 Qualities of Human
 Character"
 MIR. ED1roR-The Struggle for bread" las prevented an earlier reply to friend Browns final effort. With all due respect am obliged to say that the only sentence in his whole article that is in any sense is where he says 'I claim little I have written to be original" In the near future. when ''the new school of political economists shall see their philoso- phy crystalized into law and the devitalized | of this great nation restored to healthy action by sufficiency of legal | tender paper money to make rapid ex- change of labor's products possible; when the now languid industries shall start and thrill by the infusion of this life blood (money) into their veins and arteries; bankruptcies cease, the unemployed at work producing and consuming, and uni versal prosperity put an end to poverty and crime; then Bro. Browns children will thank heaven that their father was not the author of such an accursed doctrine, or system of finance, only misguided believer in it. Not the author of the system that has made a thousand millionaires, and million paupers; the system that has wrecked nations, bankrupted manufactur
 ing, commercial and agricultural indus tries, reduced to penury and poverty the great mass of wealth producers and made their homes hells and their dwellings novels! Not the author of the system that has | robbed the people of their lands, their | transportation, means of communication,
 their money and their legal and natural
 rights and means to prosperity. No, he
 was not the author, only an honest believer
 and follower of the knaves and robbers
 who have existed ever since Christ found
 them in and drove them from the temple,
 for making corner on doves and on the
 only kind of money that was receivable at
 the temple-just as gold was the only kind receivable for custom dues at our Custom House during the war-and who made the
 ''poor widow pay $70 for the mite that
 she cast in; the same class who now have
 our industries by the the throat and pro- claim their doctrines through a subsidized press and laugh in their sleeves when they find dupes to defend their ungodly system , No, his children will not suffer the igno-
 1niny that will one day attach to the Gu ], thors, but they will regret that he eve defended their pernicious doctrine. H' : says, Eff shall have succeeded in throw ing any light upon this subject" Light What say you readers? What say yol
 Bro. Dainton? Why do you cover you g faces to hide your smiles, hard money ad vocates, gold gamblers and home wreckers ,, You who speculated upon the necessitie s of this nation in her hour of peril by get = ting the exception clause (sting of death ! placed upon the greenback, making you a gold doubly valuable because it was tn r only money that would pay ''duties' 8 and ssinterest' and after cornering il g t--'..ss~s.Aso- uryuT! aIUer rne Iru1s 3 putable testimony of the highest iudicia ; authority in this nation and the most CT r frightened minds of his own party, he ex ! hibits an assurance incomprehensible t 3 me except upon the theory that when . 2 a man is once mugwump he is always . mugwump.
 Friend Brown admits that there is n, 5 absolute standard or measure of value. :, Good. That is one step in the right direc , tion and was sure he would be compelIet to take it. Now if he is logical he will b. I compelled to abandon his "approximat,
 standard" and take the next step viz: tha gold is not standard at all and not neces sary to exchange values with. Since there is not piece of money in this nation whose
 commodity value equals it's legal or money
 value. and since the legal tender quality
 imprinted upon paper, kills debt and dis.
 charges legal obligations just as effectually
 as though printed on gold, why not use
 the cheaper material and save the enor-
 nous expense of high priced metal z
 Why should Vanderbilt use gold tickets
 for passengers over his rail roads when
 paper tickets will transfer the passenger
 just as surely? Yet it is just as reasonable
 as for the government to use gold to trans
 fer labor products.
 Prof. Perry-whom Bro. Brown quotes
 is shrewd enough to preface his statement
 that, s'since 1884, dollar has been a metal
 compound consisting of 9-1O pure gold and | AO e~AAOJ OIS.s WIbA GI1S WOIu practically" Notwithstanding this qual- ifier he is deeply in error for dollar was never ''metal compound'' any more than a yard is metal compound" or a pound smetaNcompound,' aud all his reasoning is on a par with the above. I never said that sscattle, wood, bark etc." were money, but that they were used as money, or a better expression would have been, in lieu of money. never had the advantage of a college education, and may sometimes be unfortunate in my choics of language and grammer.
 Bro. Brown is quite right when he says that "the people do not and aUiU not study those questions but are content to accept sophisms in place of science'' and I some times recommend such authorities as, Judge Warwick Martin, Bryant on Mon ey." The Money of the future'' etc. To be sure these authors belong to the thew school" but so did Abraham Lincoln, Chas. Sumner, Chase, Morton, Sherman, Wendell Phillips and many other worthy and eminent men. The time will come when the old ideas of "metal money" Sin trinsic value,'' Standard of value,''