The Caldwell tribune. [volume] (Caldwell, Idaho Territory [Idaho]) 1883-1928, 1891-07-18

nNl VI AAo AN"O" sA~S
impoverishes the race. TX" says,
, "the government should not spec
, ulate in silver" then says, 1.-The
government does take advan-
tage of the difference between the
} bullion and coinage values of sill
ver." Then the government does
wrong and more's the necessity for
free coinage law. Then he says
the difference between the bullion
and coinage value is due to the
fictitious values of United States
silver coin. Why didn't he say
United States gold coin, as the two
coins are at par, the same
fictitious value attaching to both.
He says, l wish the advantages
given to the silver producers; not
so, wish them given alike to gold
and silver producers, if there is
any advantage. All money values
are to a certain extent fictitious,
whether gold, silver or greenbacks,
and are not based upon intrinsic
value in any instance. Our money
now consists of copper, nickle, sill
yer, gold and paper, each worth
exactly as much as the law says
and no more. Of the metals men,
toned, perhaps copper possesses
the most intrinsic value, as it is |
most plentiful and converted to
the greatest variety of of uses.
Perhaps tx" has never comprs-
hended the idea that money is a
creation of law, and that the money
created by the law such as gold,
silver, nickel and copper coin, and
greenbacks, is the money of the
poor. The rich have a money of
their own as we all know when we
have dealings with them. If we
sell rich man a farm or bunch of
cattle or flock of sheep we never get
gold or silver or greenbacks, he
takes little book out of his pocket
and writes a few lines and signs
his name to it, and that is all the
money he gives US for our property,
and we are oftentimes glad to get
that. All the buying and selling
in the world is done that way ex-
cept among poor people. A poor
mans name signed to piece of
paper is worth but little or nothing;
a rich mans name signed to sim
liar paper is worth thousands.
That explains the meaning of con.
fldence in money matters.
If TX" has much curl osity to
gratl1y as to the reason why l did
not include London and St. Peters
burg in the same category as New
York, Chicago and Caldwell. 1t is
because United States laws do not
govern in those places; if they did,
the money Of the law would be
legal tender there as we'll as here.
another evidence that money is a
creation of the low.
Again he says, 'free coinage of =:
silver would be unobjectionable
provided it were not necessary to
ray ust how much silver shall be {
'qual to q gold dollar" Here
10 again gets the cart before the
horse. Under the constitution and
avs of the government, it was
necessary to say just TO v much gold
'hould be equal to silver dollar, as
silver dollars were known as federal
money for eighty-three years and
% taught in our Common school :
arithmetic. Perhaps TX" has for.
often his tables: 10 mills make
me cent, 10 cents makes one dime.
o dimes ore dollar, 10 dollars one
age. The eagles were gold coins
enough gold, specified
y law to be equivalent to ten dol.
ars. Silver was dollars not gold.
'ut when the London money \
over got hold of the congress Of
he United States, through the r
gency of one Earnest Sevd and =