The Roanoke times. [volume] (Roanoke, Va.) 1890-1895, 1895-06-26
more obvious than under other and di-
rectly opposite conditions.

y
portions and separated by thousands of
miles of broad ocean from another coun-
try possessing certain character of
money: where also the manners and Gus
toms of the people altogether differ, and
the level of life for the masses is much
higher; where, instead of 4, 200, 900 or
5000, GOO, or even 30, 900, 900 or 3d.
600, 900, of inhabitants, tho country has
10, 600, 900; where, too, q country is in
no way dependent npon other countries
for the supply of its needs, but has with
Ill itself every element necessary to the
supply of all the wants of its people, but,
above all, where the spirit of freedom
and independence prevails to degree
unknown elsewhere-there is no neces-
slty whatever for money system cor
responding with that Of any other coun-
try. On the contrary, when the situation
comes to be carefully analysed, many
reasons will appear why it would be bet
ter for such country not to have a finan-
cial system to correspond with that of
other countries.
Ii money be necessary at all, it is nee
essary NIL the time Whatever the vol
ume OF money may be, that quantity is
needed every day and every hour of the
day There is no circumstance of bust
ness or season of the year i'll which it is
not necessary that the volume should be
steady. The equities Of all contracts de-
pend upon it. In transactions requiring
deferred payment, justice is impossible
unless the money volume increases with
increase OF population and demand. It
is as unwise, therefore, for the people of O
country to permit their money to be tax
en- away i'll any material quantity as it
would be to permit the agricultural i'm
PIGMENTS employed in the country to be
taken away when they were needed for
the operations of northumberland it
would be more Objectionable and injuri-
Gus to take the money than the agricul-
tural implements, because the season de-
handing the uso of agricultural nipple
ments is short, while the season for
money is the entire year--nnd every day
of tho year.
The advocates of the gold standard
lay great stress upon the fact that 90
per cent, rs they call it, of tho business
OF the world is transacted now with
checks, drafts, notes and bills of eX-
change. Ninety-fve per cent Of the bust
ness they regard, and rightfully regard,
as a very large percentage, but when we
show that 90 per cent of our business is
domestic business, is a business between
our own people themselves, and not be-
tween our own people and foreigners,
then tho per cent done with foreigners
becomes of enormous Importance, while
the 90 per cent done between our own
people is IL matter of no consequence
whatever!
suppose Contracts Were Made Not In
Terms of Money, but Wheat
Suppose the people of the United
States i'll al. their dealings, foreign and
domestic, siould make their contracts
for payment not in dollars, but in pounds
of wheat Suppose the foreigners insist
ed that i'll these transactions tho Ameri-
cans should use the system of scales and
weights that were used abroad. And
suppose we found after awhile TINT &c
cording to the foreign system the specific
gravity of the pound weight was con-
stantly and wrongfully increasing Sup
pose that upon this discovery objection
was made by many Americans to MAX
ing payment according to this foreign
standard. What would be thought of
other Americans who should noisily in
sist that payment should be made to
these foreigners according to the pound
which was constantly increasing i'll
weight, although they knew or could
readily ascertain that this increase Of
weight was surreptitious, clandestine
and fraudulent?
Suppose the payments to have been
made, however, according to the inter
probation placed upon the contract by
these noisy Americans, many of whom
regarded themselves as citizens of the
world rather than of the United States,
and that all foreigners declined to enter
into further obligations except upon the
understanding that Americans making
foreign contracts should use these for
eign scales and weights Very well.
What injustice cOuld there be in letting
such of our citizens as insisted on max
ing foreign contracts ON those terms
carry out their contracts according to
their agreement, letting each man indi-
yidually pay his Indebtedness to the for
eigner according to the terms and under
standing of the contract and according
to the scales and weights of the foreign
country?
But what objection could there be to
permitting all the remainder Of the PEG
pie of the United States conducting their
business among themselves according to
the scales and weights which were the
standard in tha limited Stotos so,1o.
and weights by which exact justice may
be meted out between citizen and citizen?
Prosperity cannot come from injustice.
Let our people among themselves have
just weights and measures; let the for