The Goodland republic. [volume] (Goodland, Kan.) 1891-1907, 1892-03-18
HoowAsM IN HIoH PLACES.
WORTHLESS, Essays on Finance Published
by GreRt MagazInes.


WORTHLESS, Essays on Finance Published
by Great Magazines.
The pages OF our so-called great
magazines are very exclusive and re.
served-open only to the best writer's,
and as a rule patronlzed or read by
great minds and advanced thinkers.
A person would think from the OK
allied character OF these monthlies or
quarterlies that their contributors
would treat the questions under dis
cussion from the highest standpoint
OF intelligence, characterize the same
with logical reasoning and fairness
and above all avoid partisan bias and
prejudice. but we are sorry to say
that many OF the writer's in our popu.
lar magazines are subject to the same
frailties that trouble many writer's OF
lesser pretensions-saying nothing OF
ignorance that is grossly dense in
some instances
1t IS not only amusing but disgust
ing to follow the lines Of some OF
these essayistS says the Alliance Trib.
une who tackle questions they are no
more qualified to discuss than q ten
year-old boy. Monetary science has
become favorite theme and is being
discussed God save the mark! by old
money bags who imagine that because
tlsy have the capacity 1--WE were on
the point OF saying TO make money!
to rob labor, under class, made laws
and hoard wealth they never earned
that they know all about money and
monetary science.
Andrew Carnegie's "A B G OF Mon.
ey that appeared in the North Amer
lean Review last summer, is case in
point If old Carnegie had been a
poor man instead Of money-bag, his
contribution would have been marked
Rejected" and pigeon-holed awaiting
stamps for its return, if not thrown
with other trash in the waste basket.
Whea we obtained copy OF the Re.
view with Carnegie's Learned dis
QUESTION" we thought we had treat
in store but soon found we were a
victim OF misplaced confidence. We
soon learned that Carnegie had no
even learned the A b c of money, but
we were able to dig out Of his rubbish
and rot the fact that he is u mono
metalist--a gold bug the governing
idea in attempting the discussion OF 1
question of which he proved nothing
so much as his profound ignorance.
Now comes the Century Magazine
with a pamphlet entitled ''CheaI
Money. in which the effort is mad,
to brush aside the vagaries of fiat
, lists and 'irredoemists, " by showing
+ the failures of past experiments, anC
cites the financial disaster in the Ar
gentlue Republic as one of the con
spicuous failures to float fiat" money
1t also cites our old 'wild-cat' O
"red-dog" systems as errors il
= finance, all of which proves nothing
= so much as the fact that we must com
to the green back Jheory--a full lega
tender currency based on the wealLl
Of the nation as the only true none
+ tary science.
q In the years to come when the bar
a barrie theories OF the past have beel
- brushed aside, and the great Ameri
. can people have solved the creates
= problem in the worlds history
correct monetary science, founded o
/ common sense and reason, and in har
- mony with the advancemeDts in al
: science and inventions, the world will
q look with amazement upon the stui
it will find in these then musty maya
zines, and with as much disgust as W
n now entertain for those who preache
p slavery a divine Institution in ant
a Getlum days.