The Waco evening news. [volume] (Waco, Tex.) 1891-1894, 1893-12-04
rus STORY OF MONEY.
,.ir,itive Form of Barter
)any tJnciVilized Races.

' eytaoriinary session Of the
' a,l' States congress since the 70.
I s.n convened particularly on
Os 'nn, This event seems to
'''Y Of he la.er stages Of a sort
V ll',cepdiug replacement among
us, used in coinage, a pro
l mst has during the centuries
'aIeriums Of human history,
llr bnt plainly substituted cop.
": W., irou, silver for copper and
ior silver, says the Washing
s,,r. Each of these meta's
:. 70 have made liz appearance
a,;r in ascending order, and some
' oven ready to speculate on
nossble appearance in the
40 Of some still more rare and
~ meta to press the coveted
nv stanford lower in the scale,
4; IT. has dore to silver. Iridium,
INN and palladium, metals'scarce-
.ovn outside the chemist
,,story. are mentioned, but hard
9TH seriousness. Russia, in
undertook the coinage of
num- butthe scheme was atand
i in ls45 because Of the great
If mining and because of the
ability Of it's value. Aluminium
NJ to have larger pro'peo.s o.
bjnc a place in the monetary
lem, particularly on a level be
\ silver, with probability of
!, blscing copper, for the intrir sic
), he Of the material in the pieces
lOyest denomination is now far
than the face value. The re.
h discovery Of means for the
v pnsiye production of the new
bpetitor is made IN part to &C
d nj for the depreciation of silver.
FsE OF THE PROGRESSIVE DE
CLINE.
s hi: progressive and general de.
in the value of the material
+, lef the currency is attributed
I be corresponding industrial and
lpctua! progress of the race
nby wider adaptability in the
he of materials is steadily gain
lnd whereby the walls of Gus
erected by human fancy, are
!, lslly Frustrated.
speculation more inviting than
regarding the advent Of new
lance is contemplation of a time
nthis progress shall have either
lily displaced or radically de.
led all the metals az the medium
Echange, substituting something
n % abstract or representative na
III for material acting as the dl-
bearer of intrinsic value. 1t
perhaps, some day be seen
study of the history of
!. fy that the values which men
,v Hbate to the precious metals are
>. Esly imaginary.
p the mind of one reared in q
V1 lllsd country of modern times
~ IDEA of money is easily con
ID I'D with that which in the pres
stage of human development
pens to be used to perform III
ltons' In many cases the name
Il. ae concrete object which otfici
!" athe medium of exchange il
enly term by which reference
Dc made to the abstract func
Ne word denoting money to tn
+, pc OF one of the North Euro
races has an equivalent to tn
phh language, which still re
ss original significance as tn
lslor skin in common with it
"! use 1se' 50 money to a citizen o
united States means golde
ss' silver dollars, cope
aM or their paper represents
familiarity with these medi
II to the innumerable othe
mat are or have been in us
ny vs. she people of the earth a
''''Sace Of almost silly oddly.
Ivy Ivy 'AfARATlyELY RECENT COZ
lp4 YENIENCE.
"a Sas perfectly coined money is
Seaafatlvely recent convenience
As story of the development
ri " saich is at present in use
- i t. ss,s.anately for the scientist IL
liz vent retains remnants of tho mas