The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1893-07-30
WHAT Is Fl AT MONEY!

| w IA I'D -
To the Editor OF the Eagle
Is the Kansas City Journal comm
out as bold defender and advocate O
fiat paper money? If SO is it not time i
was sent out of the Republican into tn
Demo-Populist party where 1t belongs
Its editor should be made general il
the Mary E. Lease Weaver brigade, an.
| given his commission at once. Just reat
the following from recent issue of that
paper:
"A great deal of gabis employed abou,
nat money. AS fact there Is no othel
kind of money in the world-and in The
nature OF things cannot be-"
Webster gives the definition of fla
money as follows:
| Fiat money, irredeemable paper cur
| rency, .not resting on a specie basis, but
| deriving its purchasing power from the
declaratory fiat of the government issuing
it. See Webster,s dictionary edition of
1891.
Now according to this Baconian phil
osophers statement:
There is no other kind of money in the
world-and in the nature Of things cannot
be-than irredeemable paper money"
In the Kansas City Journal of July IL
we find the following under the editorial
heading "Fiat Again"
IAN intellect that denies the potency of
legal enactments as to metals, or coins of
metal, or as to the legal tender function of
paper, and holds that gold is money be-
cause it is gold, cannot be reached by any
mental process regarded as legal tender in
BacOnian court"
Now then does not an intellect that
declares that, in the nature of things,
there is no other kind of money in the
world than irredeemable paper money,
deny the potency of legal enactments
as to metals, or coins of metal, and
therefore does not the editor of the
Kansas City Journal, according to his
own theories, possess an intellect that
cannot be reached by mental process re-
garded as legal tender in a Baconian
court.
In the issue of the Kansas City Jour
nal last referred to, under the editorial
caption ''The Cheap Dollar" we find the
following:
There Is more sophistry, falsehood and
able bodied lying done about money these
days tDan anything else talked about
among men,"
The author of this statement then pro-
ceeds to give fine specimen of ''sophis-
try, falsehood and able bodied living
about money" by making the following
statements:
"The gold dollar is worth 100 cents, be-
cause the law says it shall be. The silver
dollar pays for just AS much bread us the
gold dollar, because the law says it shall;
aud that is all there is of it,
Now, unless the editor of the Kansas
City Jouanal can show us the law that
the gold dollar is worth 100 cents
and that the silver dollar pays for lust
as much bread as the gold dollar, accord
ing to his own statements he stands con-
victed of ''falsehood and able-bodIed
lying"
The man who states in his own paper
that there is no other kind of money in
the world and in the nature of things
cannot be" than fiat money: if he is
not guilty of ''falsehood and able bodied
lying" we would like to have him point
out 1t man that is guilty of such crimes.
Perhaps, however, he will think as he
states In his editorial that Life is too
short and time too precious to try to
correct the error of such a brilliant Ba-
CONAN intellect as he possesses.
The following is another specimen of
falsehood and able-bodied lying emanat-
ing from this Baconian intellect:
And when the gold runs out in sup
ply, what do they do? Simply issue
paper, saying on its face, in words. as
the stamp says on the coin, this is money
for pound. When gold fails in supply
money to take Its place is made in that
way. Aud In no other way on this earth
can money be made than by the fiat CT
law"
Now, we challenge the editor of the |
the Kansas City Journal to pro-
auce specimen of paper money
or, IN fact, any other kind of |
money. that has stamped on its face
This is money" More than that, we
challenge him to produce specimen of |
fiat money of any kind made of any |
material by any nation on the face of |
the globe.
All the paper money issued by the /
| nlted States government has been re- /
aeemable paper money which is not /
nat money by a long WAYS. The next /
line the editor of the Journal looks at a /
piece of money. either paper or coin. we /
advise him to put on his eye glasses and /
see If he can find stamped on its face |
this is money
Ii the editor of the Kansas City
Journal attempts to get into the faan- I
,ial OF political bed with Mrs. Lease or 1
General Weaver we predict he will get /
kicked out as suddenly and uncermo- |
liously as ex-senator Ingalls, was when /
lie delivered his free coinage of silver /
speech. Let him take warning in time /
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