The aegis & intelligencer. [volume] (Bel Air, Md.) 1864-1923, 1895-07-12
A MONEY ClTiCHISM.

Mr.. Il. b. Wheeler asks The Sun to
answer the following questions The
answers are given with the questions
What is meant by credit money =:
Ans.-Promises to pay, such as bank
notes, greenbacks, checks, &c,
Token money? Ans.-Coins-de-
signed for small change-not intrinsi-
calIv worth their face value, but re-
ceived for their face value because ex-
changea bic with standard coin.
Free coinage? Ans.-Coinage free
of charge, at the option of owners of
bullion. In politics it means the free
coinage of silver INTO legal-tender dol
lars at the ratio Is to /, while the
market ratio is 30 10 /.
Ratio IL to /? Ans-Formerly Ii
ounces of silver would buy l ounce OF
gold. Now over 80 ounces are re-
quired, 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 dependent
for their value.
Is silver money? Aus.-Any sub,
stance of intrinsic value which bv
custom is used us IL medium of ex-
change is money. Silver at its mark
ct value is such II substance.
Is gold money? Ans.-Gold in /,
form indicative of its weight and fine
ness is money.
Are banknotes money? Ans
Banknotes are not money. but prom,
Uses to pay money.
What does "demonetize' mean
Ans.-To deprive something by law OF
the quality of money. 1t is an imagi-
nary act, since real money is not de
pendent upon law for its value.
:'Remonetize p Ans.-To reverse /,
Jaw by which it is imagined that
something is 'lemonetiZed.
FIFTY rrnt dollar ~ Ans.-A coin
stamped To Indicate that it is worth
100 cents. but worth intrins. cally but
30 cents.
"Bimetailism - Ans-A theory
that two metals can he used as a
standard of value, the unit of one be
ing kept lay Law at he sane value as
| the unit Of the other.
"InterlIational bimetalism - Ans
The theory that bimernlism is I'M
practical, it undertaken by Il single
nation, but practicable it undertaken
| in concert by all the chici commercial
| nations.
'tIOlu STANDARD .hlS. 10 Have
gold coin of IL certain weight by
comparison with which all Other
| forms OF money have their value mea
sured is to have the gold standard
| The United States has this standard
| Sound money! Ans.-Money
EACH dollar of which will bring ION
cents i'll gold.
"MonometalIist?' Ans-A man
who wants one metal only useC
as money. SiXteen-to-one free
coinage men are said to be mono
metallists in effect because they wisl
to coin so cents worth of silver into
so-called dollars which shall be lega
tender for 100 cents, with the result o.
driving gold out of use in this country
to those countries where Il dollar il
gold will buy 100 cents worth of silver
Money unt?n Ans.-The coli
used as a unit in business transactions
as the dollar mark, or franc.
| present ratio of silver to gold?'
! Ans.-The present ratio is about 3;
to /; that is to say, an ounce of golc
will buy about 81 ounces of silver.
Gold monometallist?" Ans-One
who wants gold alone used as money
The term is often misapplied to any
one who favorS the maintenance tt
the present monetary system of TIN
United States, France or England, il
which the value of all kinds of none!
is fixed by reference to the gold uni
of value.
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