The Kinsley graphic. [volume] (Kinsley, Kan.) 1890-1940, 1892-09-09
ssEoLoua sogHIsTRIEs.
sIouonacsauizts state a General law and
rben Make "a special AppIieattou-

a medium of exchange Ihs thing nE
which value i- measured must have
value ITSELF Therefore coins OF thg
precious metals are the only real money
that can perform an the functions of I.
money. Paper represeutatives of real
money can very well perform the one
function chat of furnishing q medium
of exchange BuL when this function
is performed, then those who desire TO
turn into something tangible the re-
suits of exchange transactions desire f
real money. Silver coin is real money as f.
much as gold coin to she extent that 10 .
has real value But "a large portion .
of the nominal value of our silver coin F.
to-day Is based not on the real value of .
the silver contained iu the coin but F.
upon q credit given 10 30 by law Law F.
can give credit value 60 anything, but F.
only 20 the cSteut OF the credit of the
government that euacus- the law. The
credit OF 81 government, as far as itsaPa-
uer money is concerned, is only good
within its own buuutlrlesi and TO pay
debts outside, gold and silver and other
commodities are alone available Nhen
commodities are not wanted, the
precious metals ARE always taken at
their rCrI OF market value The great
falling GH in the market price of silver
has deprecated IT ass "a money metal I'm
the eyes of mankind. and consequently
gold, II it can bc obtained, Is always
taken ia preference An of the cur
r-u-y OF the United States to-day rests
an n gold basis as FAR ms the credit of
r7r.. ,.-r4rt7-- cam sustain IT, Virtually
the United States. bg The act of 1890
has promised to pay gold for all its out
standing paper money
It would seem incredible that any
cousidera bIe number of Intelligent iu-
5iyfEBaIs could Ie hoodwinked into add
,-r--+frlerr n monetary system a defense
.r yy17irb f-v,rveT -rag Endorsement of
sss many -rTrr-.IsIr rtH-r7r-,Ifffr- a- the
-rs--------- --..s-.. rT-7,-. ,.-Fr..r..
....s-t --7-7r,lI is m striulr of 1fusv faIIaaies
and --..-f177s z-,1hf-trfr=
1T.,-,,.,- fa moi q ..,7.1-r7s- NJ v1111asr ir
tF,r --rl,r,f..7 r7..4ufElgr OF that
f..,r1. 1rr1t IF h .,-z. II would be "a IcruE
NOE "a tr7-77 -r,.s.1..r7-. hence amy y-lgrc
f. rr5.rIrt r,.-.=-..s- 7s srab measure would
-.. T..rstl and NOT ..rc.1 % Money may be
z--F a., .7ifr..r.r,-f-t., ,r7rra-s AS uuuber-
Tf0.r.u-frt. ruan+. dos. amount. and
su1-= rrlr.. terms indicator OF uum-ra-
100 r,,.-r. clearly ....r7vag am faea of the
7.-rf7,... ,,f -r,.,-r,,- MS relates r1 values
Arff..r..- --s=sirl.- .-.17r.. such -.- Goods
r77.-rTsrn7f-r and ,.1rur1.ffgfes- are Hif-
.ra-ff4+s-f fr4 v4l44a MOO low cgnp1rf7sa
+r4rr7 with money lint Hv c1DDHrfurr
them with sa.n other. and money docs
1.rt iur5.lt. fTr. ,fff.rsnses i'm value
fTt.4t. exist F1rf.--e..r5 .-sf..I articles
cold and Silver r,,s-esz y-rr,- little
.-,-a,1,- v-.,1,-... fr,7.af ff+b- reffr1s al
f7-e r---tf1 z4-a7-. t, ON .f,--1r- drr--ueffza
I,,.1 r4a+-7- -rey- would Ina --rnr,-7-z-
rf7- r-r r1-r.e= sTrf.fs f= moved 1,- fl7r,
. Ifs..-r-4- ,r r57. -flg.r ,8,rla7 r,- 15rI1liou
I'm ,,-Fi,T, yy-le .y-s,fl7 i'm rs-s moro t9lru
/ tT7a Fn71i,r in n g116 dollar lint has
since rrar Inv adverse I.5isInrfou re-
. 5,a,7 i'm y41u,. gs Nor cent and which
. ff the silver law of $500 were rsueaIsd-
,g-.Tr-71 r,-,r,7I,Ty 1,-.. 81 much a- b non
.
Gold Is subject ID trc same law gs silver.
ana If t...+..T ms ff7 171. Isa..l7 treated
f v,-.7TF ,..-f.r--,- .7-rr.,5--.fr-,t. trat tt7.
I s-r.at..r. nart lf fr- present value is
7 -r-.-r7 D.. if l,-. -1r. e-- ..frrvv fr-rarH 7F
. r-.fDr a- rrrrar--fruist= HeTi1,lt 10
+ term fr .--.sr- and intrinsic. The
/ law ta which both of tns=r meta r=
ARE subfe.t mag be- ~tlteI as
/ follows When amy g-fvrn 0r4rur-tv of
/ any certain ru.trI i- gfveu bv law a
] rn5urt1s-v ystrr7.. OF ii certain deuDufr7-
/ tf,r and s.rrrr metal f. ar.1r1-d tra
/ 1rivfIe1-e of unlimited or uur--t7-fcted
/ cofUagre- fbe whole Dro.I .I1r.t or s1pDIy OF
] such metal tsr-r= T. itself the COINAGE
/ y--llf1a lrfvrr7 To IL b.- Law, and the e1u1-
. nerrfsI veTus becomes r1errrd ina the
! coinage value. That i~ eyuetIv the Bo-
] sftfon 1.-u1fgd bv gg-d ar tIfE present
tfr74 r.rF 1l-- Silver r-r, e.. rz4. -.r-frr- -i
/ 1873 sTHT-r avvav t6e artificial value
] GIVEN f-s g. Irr- fTrf. FnE rF Irzs and either
/ 1ola or silver Is. at once reduced t1 tbs
I level of am other commodities ana loses
it's v4Tr1.. Tor tr-r. ms rr1.,7ry.f g.. ff. ...sfr-
age y.fTus- Trf- law f- rarDgufz..l 1sv
g1Fd -tguErrI EnuTnuF T4e London
r-fue= OF trrg-5et 81 ,.lff1--arF.- l.-.rarr-
s-thar tht. ti8=frg af fb- Tr4fr r-fra4
arefB-t the -5frs..e.. OF ,r.- y-rr,r,l l5s %
darr.r1u= a5rrtf ...slt ass fr.Fts..fr7-r "a CON.
Siderable difference f,atre.ar I'M. v-Taf
of the er.-rtaT and t11r. r7rlr-5sraH sr5.t-T
thus STIMULATING unIf.eB-.8 15rfy-.tt.
,o-nere and that the artificial va1ut
Z Given rh- rrf5.,.. would G..r5r.f,.. rrfia r.
I +. monetary value OF -tuy kind
and vet fu th.. f7-- Of rf..-a fndf-rrt
rr4. r,f-t. % f..4r--T which f4 rHa l,--,--r
.F Tho f.,-1-.l,, f,-r-.---f.v- and ..,fr..- h
b.. an ann Il.,-.--- trr..l F5..r.. 1.5f mon
af1rr- z.7a---.. --r--,..T.- -rar.s f5r- ..7--.
law which GOVERNS -ratlrf-. r4.,r7-- 9. d,
r7-frsr7.-71---r-Tr- u--rf.= Be- % tr.. r,-....r-
a-.f-g, al 1-..- -7.r,..- INT r,--..s..r-.1 b,
f--,l.,.----- ,r .77.. r...-' +T..- ---fF -.r...,
f. --.,-.-,-.7 !. ~. -.,.....r a. .T,.. -.--.. f.7-.
tf..-T r-.,- .g-.fT-,. -.rr m
. { -.r