The Pioche weekly record. [volume] (Pioche, Nev.) 1877-1900, 1893-12-07
WHAT MONEY MEANS.
ITS TRUE FUNCTIONS VERY
FORCIBLY EXPLAINED.
"Intrlnsic Value" as President Cleve-
land Calls 1t, Refuted-Repubiicans
Gradually Coming to the Sound Con-
cIusion That the Populists Are Right
in Their Fight for Silver Money.

BOUo VIC lAecIG IL tutIlO. ~ SuO"S
that the opposition is generally awak-
sning to the fact that the populists
are right. One by one the unbought,
,nbribed papers are edging over on
The Omaha platform. The only hon
est money is the irredeemable treas
lry note receivable for all dues, a
egal tender. 1t is as good as the gov
eminent itself:
Are not the oonspirators who are
fond of saying, 'We must have cur
'ency based on stable precious metal
IF specific intrinsic value" either
monumental fools or egregious
frauds?
Barbarous, semi barbarous, savage
and Shylock people want that sort of
currency" or barter, but civilized
men in business do not.
Does any business man or laboring
man or common American citizen ever
take bill received in the course of
business exchange to "bank" or to
ind receive for it gold or silver?
Never!
Nobody but money-changers, the
carrion crows of our financial life, the
Wall street spectators, the gang that
lives and thrives off the ''panics, the
'Black Fridays" the CORNERS" In sta
pies of human substance; the gam
blers in Securities" representatives
of value; none but this useless scum of
active life ever demand metal money
for circulating medium.
Silver for change is desirable; but
even that need would depart if we had
an abundance of fractional cur
rency," though the latter had serious
objections, being more easily lost and
less convenient in use.
The writer has not seen SEQ in gold
in five years, though handling $4,000
year in the regular course of bust
ness. He doesn't want to see it if so
good ana non fuctuating and con-
venient circulating medium" as
United States ''greenbacks' can be
had whenever needed in the course of
business exchanges.
If there wasn't an ounce of gold or
silver on earth to-day, the United
States "green backs" would float among
the people as circulating medium" a
measure of value, to the extent of sew
eral thousand million dollars. The
honest and occupied people, the indus
trial people, tho people in business,
would gladly welcome '~;rnulating
medium" of value-measure based solely
upon it's capability OF serving the pur-
| pose of measuring indebtedness and
| settling the scores between man and
| man, and possessing the virtue of pay
ing all debts to the public, national,
state, county, municipal and other
public dues. What are the public
dues in this great republic annually
Are they not as much as three thou
sand million dollars? These bills
without an ounce of gold, silver, cop
per, brass, lead, zinc or iron behind
them, to a sum total of twice the en-
tire volume of the annual public due
which the people have to pay, woult
perform with entire satisfaction thu
function of stable Notwithstanding cir
culating medium, or measure of valu
or yardstick of business.
The Shylocks. the money changers
the Wall street spectators, the stocl
and BOND gamblers, the disturbers o
our finances, the panic snorters, VIII
are the fungi of our business life
would, of course, prove worse traito
than Benedict Arnold, and would dc
cry such currency as valueless becaus
it had no metal commodity benin
it, and many foolish people, at first
might join in panic and depreciat
it, though not one in ten thousan
of them would care continental mil
dam if they did not see piece of gol
or silves once in five years.
Banker Lyman j. Gage Chicag
has recently told story that perfect
illustrates the function of currenc,
its only function, viz.
After the panic Of 1879 visited
not distant town of moderate siz
i and from the most important me
| chant in this place / heard this stor,
''For week or tea days during tt
panic" he said, business here came
o standstill. We did absolutely NJ
thing; but one day we received a or
hundred-dollar bill by express from
: distant town, with direction
} credit it upon the open account of Il
, sender. We looked at the one hui
| | dred-dollar bill with interest ar
, curiosity, and after comforting t
, gether concluded 10 send it to Mr.. A
to whom we owed small a
: count, knowing that he was
) need. About 8 o'clock in II
. afternoon a wagon maker came in
Q our office with broad smile Oh h
0 face and said, i am glad to pay ye
n 500 on account. IT is the first mono
i have had in q good while We too
! the money from his hand and disco
: cred it to be the same note we had r
ceived by express that morning. v
9 asked him where he got it, thinkir
l that he would reply that he got
. from Mr.. A., 70 whom we had paid
!. He informed us that he had receiv,
y it from Mr.. Il, We then followed u
! history Of the note back, and foul