The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1891-02-25
ghe Daily Eagle daedmesday 7oriuo gbruay IS

OF law If that definition is sufficient and
complete why not issue wagon loads of
5000, each become million heirs and bend
our heads and knees with grateful
reverence towards the source of our ex-
haustless joy: If this definition of Mr..
ingalls, is correct / would like to know
how with all of your garlands Of verblage
you are going to answer the above
query!
We will not quarrel with lexacograph-
ers as to the most appropriate definition
Of money, but the one most universally
accepted is that money is the circulating
medium of country, and hence what is
every other, but money in
and copper, or redeemable bills as a
substitute for gold or silver. yet the
supreme court has decided that green
backs strictly speaking are not money.
But neither is uncoined bullion money,
although it Is worth as much as though
it were coined, substracting the seignior-
age therefrom.
No one would presume to class gold or
silver bullion as valueless and yet we are
told "a dollar in gold is only dollar be-
cause it is made so by law" Don't you
see the inconsistency and incongruity of
that proposition which just received the
quotation marks? The article used as
money cannot be permanently raised in
value by law. 1t has an intrinsic value
in and of itself.
We are also informed that "there is
not enough gold in the world to repre-
sent one-hundredths part of its value"
Is that a misprint or is it gross error?
There is enough gold in circulation to
represent all of its value save the above
par value which the limited coin
age of silver has produced and the great
mountains and rugged heights of the
earth upon whose shining SUBMITS the
miner has never stood his pick
rejecting back the rays of the sun from
previous repositories upon whose I'M
limited bounty future generations can
draw without the fear Of ever gazing into
an empty cavern.
Going little further and calling at
tention to a ranker perversion Of the
laws of political economy / might OBJ
serve that the old Ben Butler theory of
stamping money On leather, or saying to
pieces of paper, Thou art a dollar"
and thereby mrking dollar out of it has
seen the brightest day of its ascendency
and has long since been in the wane.
The people have passed beyond the day
of believing in such sciolasticalism and
they are also rejecting with reluctant
hands the idea of issuing bills of promise
unless they know that each one can lift
up its head and say. 81 know that my re-
deemer liveth," and you need not fear
that either of these monetary systems are
going to become practicable. There is
too much good, sound. horse sense in the
deliberately expressed will of the Ameri-
can people.
We are also aprrised in the article to
which | am answering that the author
at least favors the abolition of the pres
ent system of electing senators. This is
a grave and important question involv-
ing the reputation of the Studied con-
clusion of our forefathers and with one
possible exception the rejection of what
is regarded by all civilized parliamentary
bodies as the most salutary check ever
put upon legislation. The multiplicity
or inventions, the needless rush of
and the sudden fermentation
of the popular will unite to render doubt
full the experiment and to catch
shadow upon its probable success.
WALTER BIDWELL.