Greenbrier independent. [volume] (Lewisburg, Va. [W. Va.]) 1859-1980, 1895-07-04
A Money Catcchism,

We take the following questions
aud answers from the Baltimore
San. They explain several points
on which there is more or less OBJ
security of thought, but the answers
appear to us to be written from a
gold standpoint and must there
fore he taken can grdnO by the ad-
vocates of silver:
What is meant by credit money >
Ans. PROMISES to pay, such as bank
notes, greenbacks, checks, &c.
Token money? Ans.-Coin-de-
signed for small chango-not intrins.
ically worth their face value, but re-
ceived for their face value because
eXchangeable with standard coin.
Free coinage? Ans. - Coinage
free of charge, at the option of own
erS OF bullion. In politics il means
the free coinage of silver into legal
tonder dollars at the ratio lG to /.
while the market ratio is 81 toI.
Ratio IL to |? Ans. - Formerly
l6 ounces Of silver would buy | or.
of gold. Now over 81 ounces are
are required, silver having fallen in
price.
Primary money? Ans. - Money
in which other so-called money is re-
deemed, and upon which various
forms of money are ultimately de-
pentent for their value.
Is silver money? Ans.-Any sub
stance of intrinsic value which by
custom is used as a medium of OK
change Is money. Silver at its mar
ket value is such a substance.
is gold money? Ans.-Gold in a
form indicative of its weight and
tineness is money.
Are bank notes money? Ans
Bank notes are not money, but prom.
ises to pay money.
What does demonetize" mean :
Ans.-To deprive something by law
OF the quality of money. 1t is ar
imaginary act, since real money is
not dependent upon law for its value
Remonetize ?" Ans. To re-
verso law by which it is imagined
that something is demonetized.
" Fifty-cent dollar?" Ans. A
coin stamped to indicate that it i.
worth 100 cents, but worth intrins
ically but so cents.
"Bi-metallism ?" Ans.-A theor,
that two metals can be used as ,
standard of value, the unit OF ont
being kept by law at the same valu,
as the unit of the other.
international bi-metallism ?" -
Ans.-The theory that bI-metailisn
is impracticable if undertaken by
single nation, but practicable if un
dertaken in concert by all the Chief
commercial nations.
"Gold standard?" Ans.--To hav,
gold coin of II certain weight by
comparison with which all tn,
other forms of money have thei,
value measured is to have the golo
standard. The United States ha,
this standard.
"Sound money" None,
each dollar of which will bring lO(
cents in gold.
Mono-metallist 2" Ans. - A
man who wants one metal only useC
as money. Sixteen to one free coin
age men are said to be mono-metal
lists in effect because they wish t
coin 80 cents worth of silver int
so-called dollars which shall be lega
tender for 100 cents, with the result
of driving gold out of use in thi.
country to those countries where
dollar in gold will buy 100 cents
worth Of silver. "
Money unit ?" Ans.-The coir
used as unit in business transac
tions, as the dollar, mark or franc.
"Present ratio of silver to gold p
Ans.-The present ratio is about 3:
to ]; that is to say, an ounce OF
gold will buy about 80 ounces of sill
yer.
Gold mono-metallist ?" Ans
One who wants gold alone used a.
money. The term Is often misap
piled to any one who favors the
maintenance of the present none
tary system of the United States
France or England, in which the
value of all kinds of money is fixeC
by reference to the gold unit Of
value.
PROF. III. II. Harris Greek, } Prof
Is. Puryear (Chemistry,) and Prof
Edmund Harrison I.atin,) all CLOSED
their connection with Richmond
College last week, the two first by
resignation, and the last (who had
held the chair for twenty-nine years,
by the trustees declaring his chair
vacant. These departures are the
result of the election of Prof Boat.
wright to the Presidency, none OF
the three professors being willing to
cooperate with him. On the night
of the Final last week the students
in a body went around to the depart.
| ing professors houses and made