The Goodland republic. [volume] (Goodland, Kan.) 1891-1907, 1892-06-24
PAPER AND GOLD.
Money Is not Wealth, but Merely Repre-
sents 1t.

money and by the discovery Of new
gold mines another billion OF gold
money were Immediately added to the
money volume. the effect would be to
double the value OF all services and
commodities Apparently the wealth
Of the nation would be doubled. This
doubling is only nominal There
would actually be no increase OF
wealth without an increased prOduc-
ton. The increased volume Of money
would cause more rapid and general
exchange OF commodities and SER
vices this would stimulate industry
and increase general prosperity.
Since the productions OF labor are
the only wealth q nation has says the
Topeka Advocate it follows that II !
there had been no more wealth pro-
duCed with the two billions OF money
than with the one billion. 1t would be
self evident that the Increased Iolume
of money had added no wealth to the
nation But the increased volume OF
money was advantageous to the
masses; it enabled them to pay their
debts TO procure the comforts and
necessaries OF lifo, and the country
was made happier by the more equit-
ablo distribution OF the production OF
labor. The additional one billion OF
gold money added to the circulation
would be no increase OF wealth. be.
cause the gold is lost in tho legal ten
der and 1t ceases to be a commodity,
or WEALTH. is money, mere ideal
thing and gold adds no value to it.
Now inasmuch as gold adds no
value to the legal creation called
money. II the one billion Of legal ten
der gold money were replaced by one
billion legal tender paper money-for
they are equal in law-the paper
would perform the functions OF money
better and there would DO no loss by
abrasions and tho liberation OF the
gold in the 81, 600 600 600 gold circula-
ton would be to the country like the
0 discovery OF so much gold In new
mine, for IL would not be lost to the
community rs money but 1t could be
made to perform u valuable utility In
the arts or shipped abroad in ex-
: change for more useful hence more
q valuable commodities.
l. Now, them grant that there is no
r money In circulation but one billion
: full legal tender paper money and
: another billion OF full legal tender
+ we're added to 1t; 1t would have the
D same effect upon services and COM
6 modlties MS the doubling OF gold
money did; that is all values would
be doubled, apparently the wealth o
/ the nation would be doubled; but this
e would only be nominal II the produc-
= tions OF labor the only wealth
n nation has, had not been increased.
D. So 1t Is seen that prices are inflated
c, by an increase Of the volume o
70 money no matter what substance Il
p usod TO carry the sign OF money
D Men who live by prostituting money
from It's sacred function OF medium
OF exchange into an instrument I
re levy blackmail, are always ready T.
ly raise their voice in condemnation c
= any substance that threatens TO be
r. come abundant and thereby intorier
n, in their God condemned practice
IS So 1t was that In the early sos thes
to same fellows who are now crying OF
be against the dishonest silver dollu
he cried out against the dishonest gQl
dollar Tho usurerS all over tn
world urged strongly the demonetaa
y ton OF gold California and Austria
q liza were Initiating tho money volum
n more rapidly than tho wIldOst calan
O. ity bowler ever dreamed. Holland
Nv Belgium, Germany Austria Den
Sc mark, Norway and Sweden actual
IL demonetized II. They demonetized
I'd because it was giving great prosperit
III to these countries and enabling tn
- people TO throw off tho usurer's vote
IL was seen that an increase OF pa
in per money affected services and con
Is moditios In the same manner that a
n Increase Of gold money did A cor
ID traction OF the money volume, be
IN paper or gold money, would produc
s. like effect viz. u contraction {
s- values This Is duo TO the fact Thu
C. the paper Is not the money that til
IS gold is not the money but that tn
<. money Is the fiat OF law the legi
bender that is stamped upon the pG
per and upon the gold. They al
be both counters Of value, and are tn
n measure OF exchange. They al
q children OF the same parent henC
oil equal In their fathers house, an
re Uncle Sam has no authority TO max
he money for people beyond his jurlsdi
o. ton. When our coins go abroad the
I'll become bullion.
In Many advocate an increased volun
re OF money on the ground OF nation
policy. That Is cringing deman,
Let the fight DO made on the ethlc
er grounds. Men have a natural rlgl
cy 10 enough money to do business on
~ cash basis and TO the destruction
I'M usury. Free trade should BIO adv,
h Gated on the same principle. None
lis is counter Of values. When me
pit barter they always use ment
% money TO measure the exchang
nd Barter and money are co.eval and c.
OF existent Money and barter are Il
Nv separable. Written or sign money
he conventional thing to expedite bu
mess, 10 relieve the mind OF oblig
lions due and to avoid the necessity
SO keeping books The whole con
nj munity agrees to receive 1t for debt
ar When men sell goods debts are mad
IL L L.