The Anderson intelligencer. [volume] (Anderson Court House, S.C.) 1860-1914, 1893-09-13
ing accepted equally without reference
10 the character or credit of the per-
ION who offers it, and without inten-

ION who offers it, and without inten-
ton Of the person who receives it to
consume it, or enjoy it, or apply it to
any other use than in turn to tender
il to others in discharge Of debts or
pigment of commodities. "-Moncy,
1tode and Industry by F. A. Walker.
The value Of money depends upon
TIL amount in circulation and the
anpunt of goods sold-without stop
PIN to show what are the requisites
Of honey, suffice it to say that the
civilized governments of the world
have adopted gold and silver as the
two Metals that fulfill these requisites.
In th earlier development Of govern
ment these metals passed by weights,
and ARISTOTLE points out that it was
after2a ards determined in value by
men ptting stamp upon it in order
that might save them from the
trouble of weighing it-Cyclopcdia
Britonta, Vol.- XVI.
It ouh hit to be perfectly obvious to
every nan of intelligence why this
stampin Of coins should be done by
the Gov Hrnment, instead Of by each
individui for himself who might pos
sess the ietals.
Passinl to the proposition, Wig J:
that the Slue Of money depends upon
the amout in circulation, there are
those whoinsist that the volume Of
currency inthis country is too small
not enou9 per capita-and, there
fore, the gcernment ought to coin
more money and if she has not the
bullion, the issue Stat money"
What hoby is this for the politi-
clan Let I'll reader think for mo-
ment. BY th last census the popu-
lation Of the lited States, putting it
in round numks, now would be six
ty-six millions
Suppose the government should
initiate our cIrricy and was to make
the startling aaouncemcnt that on
the 1st day of Icember, through it's
agents, would pie $40 in each inhab-
tant's hands, th' would be $3.50. .000,-
900. How muchould that money be
worth unless the;overnment had the
gold and silver toedecm it? People
might fool themlvcs with it for
while, just as sde men Dc in over
stimulation, but lsincss r1cn would
no more take it th( they would coun-
terfeit money, unls there was ba-
sis of gold or silve for it. The Cen
tury for August shws that until the
outflow of gold ban the per capita
Of the United Stat was $25.62, and
at the beginning If June it was
S23.83. That woulmake the volume
Of currency, on abasis of sixty-six
millions, S1,576,Q,0O0. No other
civilized governrlt has such vol
ume, except Fran, her per capita
being $43.l1. ThUnited Kingdom
has S17.6O, German $3.50.
Since that time hston, acting d.
rector Of the min has prepared
statement, or tabl,showing the ag-
gregate stock Of goland silver in the
principal countries (the world. The
gold is stated to b$3, ,592,6O5, ,0O0,d
silver s4,042, 10000 Gold of the
United States is pldown at $904,-
100000, silver S625pO, 900, the full |
legal tender being $5;OOO,O0 in sill
yer. The per capita In all classes Of |
money France $46, Cuba s21,
Netherland s28.88, Atralia s26.75, |
Belgium s25.33, UnittStates s24.34,
United Kingdom s13.4 Russia 81. .16.
The countries using Id and silver
bimetallic, are United ;ates, France,
Belgium, Italy, Switzand, Greece, |
Spain, Netherland, Tury and Japan.
Gold-United Kingd, Germany,
Portugal, Austria, Sea inavian Un-
ion, Australia, Egypt,Canada and
Cuba.
Silver-Russia, Mexico Central and
South America and Indi;
The aggregate of uncered paper
money is put down $35, $4,000,
distributed as follows: Sch America
$500, 100000, Russia 100000, 900,
United States $4l2, ,OOO,S, Austria
$3.50, 100000, Italy s113, 10000, Ger
many $107, 900, 900, Fran $81, ,OOO,-
600 and Great Britain $500, 600,
Still some of our wise political
leaders say We have too snl a sper
capito," and that it is lcshan $40.
The question is which will e people
believe, the man who has ken the
pains and trouble to examine mat
ter, adds up the figures anarikes
balance sheet, or the manhat has
never seen the figures, bssimply
raves and makes loud assertis. We
are so blinded by passion a preju-
dice, and inasmuch as manof US
have never experienced the easure
of knowing that I, Tom, DicHarry
and the Devil, has never had fexact
s23.88 at one time, therefore, Ie per
capita is less than $40. Of orse it
is so, We have not had it. ow, I
must believe when those in cEre of
the United States Treasury reHs in
1891, for example, that the 50 sill
yer, copper, gold and silver tiff
Gates, Treasury notes, United ates
notes and National Bank notes gre
gates 81, 500, ,446, ,389, it is trueAl-
though gold was exported very ely
during the last year, when we collcr
the fact that the mints were stlllin-
ing money rs directed by CongrctI
I'm disposed to believe those 10
have an opportunity and are prcsud
to know, rather than some uoludle \
itician or partisan newspaper edik
to the contrary. Man can bclicvcF
much of truth as he can of falscho@
unless his moral perception has be.A
buried beneath passion and prejudice
Some men, however, prefer that which
is false, because the bent of prejudiG
has DETECTED them in that direction.
1st Without stopping to discuss the sec
ond proposition upon which the valu.
of money depends, the government Of
the United States at the beginning
saw the necessity of having its own
currency, and it is to the history OF
20. aQ Il. A lie Il, !.