The morning news. [volume] (Savannah, Ga.) 1887-1900, 1893-08-14
THE MONEY MARKET.
A Woman's Opinion About What Con-
gress Ought to Do.
From the 81. Louis Republic.

"My dear" said the well-informed
newspaper man, as he looked patroniz-
ingly at his wife and slipped his evening
tea, 1--WE are going to have great paper
in the morning"
''Oh, you are2" she answered. what
will be in it more than usualN'
"Why, for one thing. the proceedings of
the special session of congress"
Congress! What's congress meeting
for at this time of the year! l thought"
eyes, YOU thOught-but you don't think
at all. Haven't you seen all the accounts
of the stringency in the money market and
the Presidents proclamation declaring
the necessity for an extra sessiOnR'
Il believe | did, come to think of it.
And so congress IS meeting about the
money stringency, is itl'.
"Of course. What do you suppose it
would meet about-remnants, or bargain
counters"
No, I'm not tthat kind of a fool 1
know that congress has power to issue
money, and it is my opinion-if you want
to know-that congress ought TO issue
lots of it."
ION, it ought ought it? How would you
get any more money that way"
"Why, if congress issued a big pile of
money, you, as one of the most deserving
men in the country, would get big share
of it, Don't you see?"
The newspaper man came very near
seeing. 1t was such clever and we'll
worded compliment. But he only said:
"Why, dear, you don't understand it.
Money is merely the representative of
values. Congress might issue $40, 900, 900
more money, but unless | had something
to give for it. il wouldn't come to me.
Did you ever read your paper money!"
mo; don't keep it long enough"
EsNN.al IL for, n Stgnrn THE limited
States will pay bearer one dollar in coin
That's the old issue. Another one says:
The United States viii pay bearer five
dollars in silver dollars That's a silver
certificate. The congress cannot issue
paper money with the mere declaration,
This is One Dollar. 1t must have some
thing on which to base the issue. 1t must
have security for its note, just as the ma
tional banks are required to deposit gov
eminent bonds for every dollar issued by
them in the name of the government. Do
YOU understand that2'
No, | don't. ! only know that con-
gress has power to issue money, or to
make money-al it wants tO-and when
there is no money in the country, con-
gress ought to meet its duty and give the
people more money"
But how How could the new money
get into circulation How would you get
hold of it unless you had wheat or corn or
mules to sell? Do you suppose the gov
eminent goes about with big basket dis
tributing shinplasters to people who want
money!"
u don't know what congress does. l
only know what it ought to do. 1t ought
to issue lots of money and give it to the
Woodworking, Industrious and deserving
poor That's my platform"
You're a Kansas fat money green
hacker That is what you are. | can't
make YOU understand this thing at all. "
NO, YOU can't make me understand it
your way. | know what congress ought
10 do, and YOU are Just hunting places for
il to crawl out | would rather be n
Kansas greeubacker than an apologist.n
And so the new spaper man hurried
away from his dinner and got 4 cheap
cigar and spent the remainder of the
evening in thoughts that were plentifUlly
besprinkled with dashes. But when he
simmered down it occurred to him that
many men and many statesmen were not
so very far ahead of his good wife IN
financial knowledge.
The question which confronts US, howled
the orator, is how TO confront the question