The western sentinel. [volume] (Winston-Salem, N.C.) 1887-1926, 1889-09-12
Some Questions and Answers for the
Peoples Forum.
Q-What is money!?

| w udU 10 uAOuCy.
| A-Purely a creation of lava
creature "of the people, by the people,
for the people"
Q-1s there any such thing as natu-
raj money, or did "GOd who made
the world and all things therein" ever
make any material into money, or
designate any material as for money.
A-NO, men alone make money and
they make it by law, which is purely
an expression of the Sovereign Will
of the People.
| Q-Has money, if it is purely a
creature of law, any intrinsic value?
A-Not a particle. Gold and silver
are bought and sold in the markets
of the world, just as corn, wheat and
oats are bought and sold as COM
modities. The money value and
commodity value are entirely dis
tinct
OFF you melt a s. gold coin what
results?
A-The commodity value remains
unchanged, but your IS in money is
gone.
Q-Where did the money go, and
how?
Alt vanished into nowhere as it
melted.
Q-Could you pay a debt with it
after it was melted?
| A-No. 1t ceased to be a legal ten
der, when the stamp of the law that
made it such was effaced.
Q-Is there any good reason for
using as costly material as gold and
silver for money?
| A-None ''under the whole Heav-
ens'' can be found.
| Q-Why then is it used at all?
| A-Because there are enough dam
phools still living, who can be made
to "believe a lie and be damned.s
| Q-Made to believe what lie? What
is the damning falsity the people are
induced to accept to their hurt?
A-That a metallic or specie basis
is only the true basis of mOney-and
that paper dollar can be a real dol
lar only when redeemable in or by a
| gold or silver dollar somewhere de-
posted, and patiently awaiting the
coming of the paper for the sO-called
redemption.
OILS not money, especially gold
and silver, standard of value?
| A-NO. No kind of money is or can
i
have a standard of length, as the
yard-stick, or of measure as is the
halfbushel, but a standard of value
never.
| OILS value then something ideal?
| Ayes, purely ideal-that is, the
mind, the soul, the thought estimates
the value, and the money paid out or
received as the price of property is
the standard Of payment, not of
value.
| Q-What is dollar then?
| A-Simply the unit of our monetary
system-a dollar is not certainly the
standard of a dollar.
Q-Doyou think that money should
have any intrinsic or commodity
value? if not, why not?
A-Of course not. So long as a
material like gold or silver is used for
money, of course it can be and will be
as it often has been, cOrnered to the
| great hurt of millions of men and the
| utter ruin of tens of thousands. AS
long as marketable products orcom-
modities, like gold and silver are used
as material for money, there will of
course be money markets, such as we
have in State street, Boston, and in
Wall street, New York. Money-mar-
kets mean money-dealers and money
dealers mean business-the business
of stringency, imitation, depression,
contraction, panics, poverty, bank
ruptcy, degradation, despair, death
and damnatiOn.
Q-Is the specie basis idea-the
hard money, the honest money idea
l the foundation of all the aforesaid
deviltry?
A-Beyond all question it is, and
there is no need to go abroad to find
indisputable evidences of the terrible
| truth.
| Q-WhO is or was responsible for
the exception clause, "except duty on
imports and interest upon the public
debt to be found upon every "Green-
| back?
A-The money dealers of Boston,
New York and Philadelphia together
with their bribed co-wOrkers in the
U. S. Senate.
Q-Of how many dollars were the
people robbed by the financiers, by
| reason of the exception clause, during
the Is years between 1862 or 1877?
A-$2, 766, 431 ,43O. Twenty-seven
hundred and sixty-six millions, four
hundred and thirty-one thousands,
four hundred and thirty dollars
| that's alll!!
OILS such work the work of money
dealers in the money market?
Ayes. 1t is sometimes called
financiering.
Q-Whence came the present money
policy of our Government?
A-From He'll, through the Bank
of England and the British Aristo-
cracy.
Q-What has the Bank of England
done?
Alt has established the most cor
rupt and wicked aristocracy on the
face of the earth, except our own, and
has taught our National Bankers
how white men may be impoverished
first and then enslaved by controlling
the money.
| Q-What do Englishmen think of
Bank of England and it's operations?
| AIR. Seeley, of London, gentle
man who speaks with authority upon
all such questions says this, viz: "The
commerce of the country is now in
the power of the Bank of England, as
it was before in the Legislature. For
legislative enactment we have sub
stituted the decision of the Bank Par
lor; for responsible government, we
have substituted an irresponsible
BODY composed of tWentV.fOur direc-