Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1895-06-12

collection and enforcement Ui Ito obi.
gnliuus, cannot gaiusay the fisht Of
same power TO enact what SORT aud
what quantity Of cOlnui money shall
C paid aud shnll be received in diH-
charge aud liquidation VI the same.
such l. the legal tender quality,
ana though lt is highly artificial, yot 1t
IL doub1itas one of the mOtt valuable
functions u coined money.
Hu who WOuli dultlvc one sort Of
coin o. this quality, and leave II only
with the other, whore two kindu had
buCn used before from timB immvm.
orihl-lfOm tho origin o. the credit
rystem-is guilty OF grcsB Injustice.
Aui tha. equivalent policy, another
WAY u doing tho samo thin which
VJu u permit only the making and
u.u % ule sort Oi coined money, and
which W4uld prevent tbs lrcu nui fur
thur making aud use OF tho utacr,
where uYth had formerly been cJtull
aud usHl lI money! u final lqliia.
ton, pom tuatsB Eni maintains e Bys-
tenn oi BONDAGE.
ThOJn goat artificial functions Of
cUiuui money were MT the cause NJ Ito
primary worth and use, although they
NAYS aided very largely TO II In bo.n
Incro respects. Coined money mas al
~nJB been aud yet % In Itself thing
~ ygius anu this value Is NJ two hin 10
"a general Value derived from the ma.
terini ont q which % IA tainted, aud a
specific or particular vF'uo determined
by law. tins nful II called thU metal.
lic or bniliUn valuC; the second e.
known o. ihH money worth ur legal
value. INu latter IL always u matter
OF law tho bullion value II ono OF Usii.
matilda Uui opinion; neither VI the
cJiuCi metals VI the world has the beet
ur Highest m flts VI Intrinsic No inhrf.
on. vallg. B1'l ure usel Boo the arts,
uut u the uaH b. which Il thiuE ID yut IL
o. br q sole uuaiuFs Of the value, iron,
with ~ ntuvasAfy product, steel, i8 tue
most valuable, rs lt "a the most usBiul
N All mCinll. but the wat abundance
q thi- uIoiul metal denOtiug n supply
unlimited, has deprived II Of mJnuiaty
functions.
Silver snd gold, TN order, have been
frOu Tho earliest tirarH an yet remain
the principal coin metal among man.
WuI. BuyUr ana gIl1 have been
deemed Aul called tue precious met.
ale. The word ltgClOus iu4ICaiUA SHELF
myuuy U.S. aad 0gigin. IL leads VI.
rtully % pslCt; 10 o. not only closely
related 10 but IL connected with pficl.
Plico 20 tho namu o. that aum o money
iu coin which We pay In exchange Tor
what We wish 20 ruTylasu, aud u must
have alwnyu buOu in itsuli thing OF
yAlur-a material capable OF casy car.
rage, VI other qualities suitable Tor
cUiLngC-sui 70 MuFt have alwuyd
hsu relative 10 other commodities the
quality o. scarcity " scaItIluss ~ PUP.
ny. FJf 5000 years gold ami silver
nave been mined, coined aud used AH
money. During all that time those
two precious metals have been iurn.
ibhuu, botn Ms 90 quality anu 10 cost "
production IN euUu manu6rand amtu 4
AZ not " be- impaired wish any Othgr
commodities " 10 admit VI no com.
phIisOu save with each other. 10 has
already been sid tlnt thu tull.On
value " the coin metals was largely
maiicfs o. opiulon anu estimation.
The bullion value Of silver ana gold,
hefuund ultUw hrfc, nae always f,stvd,
and rests tOuay, upon the conception,
upon cue opinion, upon ono Biuglu aud
simple item OF belief ltisHu Old be-.
ilUl, universally credited, based upon
tho actual experience OF q hunitud
guugIaliOl6 VI the buman race. IL D.
thlt; Thal uB there has been 30 the
| agts pact, ~ there will b. iu the years
% come, no discovery Vt rithur Of sucu
metals when, us 90 quantity Or No 10
| tAU UxpuuHu ui producing snail make
them cOmpa able iu value with any
other materials suitable Tor The use OF
| mankind a. mlncy. rna faith aud
credit % mauGiud la tue natural guI
uuU1i QurrahIu limitations Ui supply ns
o. gLUru materials Iubls uushAh0n
aud unIslufbou, 90 10 dil at thu mot
dawn OF commerce, "a ). uid On tao old
lays VI the patriarch whose oliver was
current mnury wi,u thu merchant.
Tiers has slwsys been u difference
between tie COMMERCIAL value u tuu
lwo metals NgI tuc legal coinage value.
| This characteristics OF ON HfoHco at
Gguus 10 uu,h. No denomination Oi
tho g0lu coinage 1i the Unitoi states
mas bullion value t. equal the
legal tender vgliu thereon, rms gOll
dollar h not HIN n purpJrls 10 be.
Foo " nDlu series ui those gOli coins Is
mAGu from bullion only nine.tel,hs
nus. DO not 10 iliO tbs reasons Tor
| ilis-l state the fact. The whole 81
! the gold coinage 10 tith1d--it 10 plaCua
under png bullion value by tho sub
| ttTACllUn Jl uut-tuutA-luis IL why
| lhese coins outside OF our own country
psFs only by weisnt, not BY c9unt.
! rHu missing tenth 10 what 10 called
| alloy. ihiB niIOy ~ cot gold at ALL,
| "a a mixture OF copper anu silver, uniy
/ ono tenth uf silver and ulut-tentus OF
| copper. o. course this alloy reduced
| Inr commercial value ~ metal OF thu
| whole sggiGs Of gold coin. This IL me-
| whe!e spoken VI because OF very
| cuntus claim maze b. tho advocate
gll4 recommendation, that pirCl pi
money whose bullion may be less tuRn
It's legal value ~ unBJuud anu Is dis
| uOntgt.
10 n the same with tho silver coin.
age, the dollar and that patt called
auUsidisry muuey, This IL o3ined an.
| dor par commercially. Like the gold
loius, tho MI y is one tenth, wholly OF
copper, sud uvaiIgs that the proportion
| a grams OF nelal used uiminitlIcs
| with thu Denomination OF tho coins,
| Ihe half dollar has hut lH2 graing, a
GOOD deal less ,hGn halt the nuI.bpr Df
| The whole dollar, the quarter dollar hns
only 10 grainsi Tho dime has Oaly 3S
| rTalnt--tne holder Oi ton dimes hAb
| only $50 grains, yet no can get halves
or quarters or tue whole Tor tl,so
| dlmus, Notwithstanding the ulsJ price
| OF the metal Ia chem 10 lar below Us
lawful value. Tho nickel pAssea l1r
| ave cuulb--ths bullion value OF tho
metal which uumpO o. II Is not h ~ ,ue
legal. The cent rliusd by the Uaittd