The Goodland republic. [volume] (Goodland, Kan.) 1891-1907, 1892-10-21
TRUE VALUE OF MONEY.
1t Can Never Have Commercial or Mar
ket Value.

| 1t Can Never Have q Commercial or Mar
| ket Value.
Much confusion prevails in the
minds OF many by allowing the idea
Of what money Is to be obscured by
the thought OF what money does or
enables its possessor to do iROm
which 1t derives all its value. But
such derived value can ne Ter be in
trinsic value
Intrinsic value Is natural power In
the thing itself to supply human want
or necessity. Air has the greatest
intrinsic value. Water has great
intrinsic value. So also have food,
clothing, medicines dwellings, light
heat music liberty-civil and relig-
ious and whatever else adds in itself
a social or Individual blessing. Money
in itself ffils no such condition.
Commercial or market value can
never belong to money says a writer
in the Advocate and Tribune. Il Is
not commodity to DO bought and
Soda thing for trade and barter
The value of money consists wholly
In lis use and Is fixed by the stamp
placed upon 1t and Is unchanEeabla
Hence the variable commercial or
marAet value OF the material OF which
the money is made constitutes no part
OF its value as money. While such
material Is In use as money lts mar: OF
value Is wholly dlsregarded, More
than this the cheaper the material
OF which money Is made. the better
1t will circulate and the more OF other
commodities dollars worth OF Il
will buy. Note this fact; A dollars
worth OF bullion gold coined will buy
less than &l.20 worth OF other COM
modities; n dollars worth OF bullion
silver coined will buy about 81. 60
worth; n dollars worth OF nickel
coined will buy over $6 worth OF other
things and dollars worth OF copper
coined will buy nearly $40 worth Of
any OF the necessarles OF life More
than this greenbsck. which costs
but cont TO make may pay for one,
five ten or fifty or (by It's stamp)
any number OF dollars worth OF valu-
able purchases while 1t has much
greater facility OF carrying and
counting In circulation.
This entire neglect OF all other
values makes the fact evident that
the true value OF money Is wholly
representative. This represented
value exists always and entirely 10
the property for which the money 10
received or paid Let us illustrate:
John Stockman sells a horse for a
greenback 800. Now the greenback
represents value OF 800, not in itself
but In the horse for which II 10 re-
ceiVed. Mr. Stockman needs a buggy.
AT Peter Whooler's repository he
selects one TO his liking. for which no
pays the greenback, Now the green
back represents value In buggy.
Mr. Wheeler has u payment To make
on his house and lot which he meets
with the same greenback. Nov the
greenback represents value In =
dwelling. So II passes on from hand
to hand, facilitating exchanges OF
kinds, Itself neither having nor need
ing any value save that which it
represents In the property for which
1t Is received or paid.
Nlnety-seven per cent OF all com.
merciRl transactions are now per-
formed with bills OF credit on
individual security. And Is II un-
reasonable to believe that the remain
ing 8 per cent. can be done with like
bills OF credit issued from the nation.
al treasury with all the wealth Oithe
nation, individual and corporate Of
mino and farm and factory for their
security and the authority OF tho
government for their legal tender
money powerP Such money can
never fail while the government
stands secure. Aud all money Of
whatever material made loses on.
tirely It's money power when che
cover nment which created 1t is broken
up.
The concentration OF wealth In the
hands OF the few and the poverty Of
many tho strikes and the lock-0utA
and the depression OF all agricultural
and productive industry. is greatly
due to our false and oppressive gold
basis financial system.
The burden OF costly money must
DO removed and system OF money
for the benefit OF the whole people
at once cheap convenient equitable
and abundant must be established.
And this will DO done whenever q
ma OrIty OF the people iu their politi-
cal acton demand IT.