Wheeling register. [volume] (Wheeling, W. Va.) 1878-1935, 1895-04-26
aayrSW~ TALKS FOR SILVER.
... exchange Value of Money Versus the
alleged Intrinsic Value.

|.f.lII-A. ta.'t' W. my fN-'N' WV
Alleged Intrinsic Value.
-.... Editor of the Register:
S.. NutinsviJle, w. Va. April 90
and silver was adopted by the an
money that is the principle
.d1n of money was conferred
these TWO metals. and i'm this way
metals became the instruments
by which property and labor
- ..0lauged the property and labor
-aj being the basis OF money,
because of the intrinsic value of
-aIs, but on account of their du-
suitability Gjap,abiiiJy Tor
lis money The function or atJri-
exchange value embraced IN
uep,e of money was conferred
these metals and nearly all civil
-ararumeuts since then down 10
nos by any International agree
trt simply one government fol-
the example of another until
e every civilized government i'm
world he'd adopted by their mdi-
laws sold and silver as money,
each one of their units on an
.rv. legal tender i'm payment OF
debts which gave 70 the quantity
-..-l contained iu each sold and sill
coin. bv reason of the free and un-
aE coinage of both metals on the
fixed by law. am equal exchange
.a. not intrinsic value, IN property
labor I'm each one of the govern
hts having adopted gold and silver
money ON the basis fixed. The
rti-v of -1'I and silver embraced
r4-r cola and silver coin has an
canal exchange value OUTSIDE lLe ma
of the governments coming the
Metals and within the limits OF the
....rrr a.. not having adopted the
metal. Us money or having adopted
r.. and no. rle other, because theown-
could take either or both these
r.iu.s of gold and silver to the
Of ans government having
.af sold and silver as money,
having them coined into money
they became equally under the
legal tender in the payment Of
debts which gave % each coin an
I exchange value i'm the property
labor OF the government which
..L that particular quantity of met
AS an instance. prior 20 the 0emOue-
.u OF silver. 5Tli4 grains of sill
and 232 grains of gold. the Quani-
-. %. metal contained i'm each dollar
ar equal exchange value in prop
and labor. even i'm gOld-standard
and MS Wen as elsewhere. slOng
s--. TWO quantities of gold and sill
when coined into money. are eX-
changed or redeemed. equally under
H- iu their base property and la
. they could not be less than equal
exchange value in property and la
t1- Notwithstanding there might be
difference I'm the intrinsic value of
METALS The things exchanged are
property and labor, the medium or in
-ualt by which the exchange Of
property and labor is accomplished is
money the money not being the basis
s aEsdnge but property and la
... IS The basis. AN intelligent writ
0s both of this and former times, de-
-Iaa the exchange value of money
comparing it with the commodities
0- labor which it exchanges. or in
which it is redeemed. When the Unit
e States government was created. fol-
.Hw.l- che example of nearly an the
other governments. the United States
adopted. lr her Individual laws, gold
and silver as money, the same kinds
which had been adopted by the indl-
rual laws of other governments.
The fact THAT nearly all the principal
governments adopted, on am equality.
gold and silver as money, gave TO these
TWO kinds of money. equally ON the bal
sis fixed. the very highest and most
unlimited use imaginable. as money.
for exchanging property and labor in
I civilized parts. at least. of the globe.
With these two kinds T. money proper
ly and labor could De exchanged not
only within the limits of the govern
mont coming tine metals. but between
citizens of the various governments as
r.. because the owner. at will. of
.-fii grains of silver and 23.2 grains of
-.l or on that basis coined or UNI
uai under the laws of any of the
erumeIts coming the metals. could
have these quantities. nc the minis,
coined into money. when the money
came @ legal tender FIN the payment
a.. bls. and possessed an exchange
H as money iu the property and la
Ht the government coming the
money! Gold and silver money are
-.-eE eIuahleasa medium 10 exchange
property and labor. made SO by the
- than any other kinds of money.
u.s. because they are unlimited in
tu'less as money and not because
..e intrinsic value of the metals of
The money is composed, as the
Intrinsic value of the metals, or
material of which money is made
.u.I au element i'm the use Of money,
money being used exclusively as
Instrument. means or medium,
ri.h property and labor are eN-
~ Therefore, money has an
r"uea value In property and labor
exchange is regulated or fixed
N under the natural law Of sup
.I demand. independent of the
".s. value of the material or sub
Of which money is composed.
number of units of money con-
u sold and silver. being money
uited influence together with
we production TO DE coined on
basis fixed. i'm order 10 provide for
."re increase IN population and
.rg.a. demands tacitly and by
cannon consent custom and usage
mankind. because the standard of
change values of the world. that is.
standard by which all
property and labor
.H measured and exchanged. un-
law of supply and demand. the
r.lic standard There is no such
u reality as the s0-called double
i the number of units contain