The Bottineau pioneer. (Bottineau, N.D.) 1885-1895, 1893-11-18
THE BOTTINEAU PIONEER,
SOME REFLECTIONS.

] PIONEER. g.. SOME ., ls REFLECTIONS: =:
= country or any other-albeit triAe
: ioNDAs ~ AT "cranky"-are earnest advocates of
- pAAoiA' what is popularity and somewhat con-
'emps0oos'y '''le0"na' money
,prietor.
PER ANNuM thing-whch may be chosen by the
------ government to be used as medium of
in Bott.neau N exchange, but which has, in ITSELF
Ass Matter intrinsic value and is based on nothing
4 -. :, save the promise Of the government to
81 qusI.cu I receive 1t in payment Of duties i'm
'v ~, 0 ports, taxes &c.
What about the -
:" The question at Issue between the
..1 :, .e.,. a. advocates and the opponents of the
g.. ..;.;. ~ scheme is the point of the purchas
.9 ~ ing power of such medium, its op-
ponents declaring that it would depre-
81. =. cate in value and be source Of great
-. annoyance. 3
49, ..oon. o,,.. They also declare with some show
of truth that gold and silver will al
p,a..,, ways be used as mediums of exchange
,oceed b;m;olf regardless of government mandates,
for r,h;oh tho arguing that the thing itself must
i. th.,kfnl-;n have value aside from any declar-
alton on the part of congress.
NAV oct foot We must not lose sight, however
but It will have of the fact that neither gold silver
,es The south would have any purchasing power
arms and nro whatever, no more than much dross,
,bt-an examne were it not that the people have con-
,ted bv tho on. 6dence in those metals.
n should keep
first appearance. BY confidence we mean she oehe1
each man has that he can purchase
The question what he wants to use with the metals
Dakota next referred to- In other words, that each
Is are depressed individual who has anything to sell
nae faith that all the others will accept
at w;tbout tho for the products of their labor the
ed with extinct gold and silver he has been willing to
ts-in the state accept for his. & ...f .--.~
some ,-.
ea W. The question is, how can the
]. .,o, essary confidence be instilled in the
minds of the people,and kept there AS
official has done much of such currency would be
nscieItious work quirsd pay dues 70 government
Barrett CON- would be maintained at its face yalue
and Forestry but it IS serious question whether
,rts is due the distrust-s so common to mankind in
ia a distinctly financial matters-would not at
medal for her seize the commercial world and de-
Worlds Fair preciate and debase such money
ell fitted to COM
ia Mr. Barrett And this brings to another prop
all his official ositiou namely If the nation owned
,m and earnest and operated enough Of the great III
master of the dustres of the country that the whole
is Office. volume of currency would be paid into
it's Golfers each year, anything it chose
Langdon is as to designate Che circulating medium
would undoubtedly be maintained at
e cared, be-whis- e.oa vain. l:-~@.
has been carried ~=' - ~I
elers. Standish -
ar paint stuck We come then, to this, that SO long
1g up the hatch as our industries are in the hands OF
scalpng kniie' private individuals, just long will
anu anu :aAeu W. the individual demand and obtain
credit be it said money Whlch has ~ ''seil auu "e
eir hands with from the mandate Of government, an
intrinsic value, be that value small or
nteman referred great. =.
fellows the Dem
rse to elect last We come thus to the conclusion
rats year ago that "fat'' money and paternalism-
lay take place in to certain extent go hand N hand
zSss and that without one the other cannot
be- .l.s5<.#@ .J=ss.ss> .s&s-.