The Atlanta constitution. [volume] (Atlanta, Ga.) 1885-19??, 1895-07-22

Hhould be drawn to pTOL9ct the men
earn money as well as those ghc owe
iney A man who works faithfully and
les on his daily earnings should never be
icrinced for the benefit of men who live
"a what they borrow. But all these things
viii be more fully explained as the con-
Sest progresses"
Harvey Defines Money.
1 Mr.. Horn thought he had not succeeded
in gaining much information. Pursuing his
discussion of what constituted money and
What it's functions WERE Mr. Horn ELECTED
rom Mr.. Harvey this statement:
tA'Money is a medium of exchange and
measure of values. AS a measure of
tues it IS a thing representing value.
hen we express price. we have reference
, the unit of value or its equivalent. With
pld and silver in existence as primary
Aoney there Is double the quantity of
4 rooney, real money. as there Is when gold
| only is In existence as primary money.
Money is also a medium of exchange.
what is meant by that is this: Instead
| OF exchanging one property for another
property we exchange II for the money, and
money being by law and usage a common
medium of exchange, we are thus able to
exchange il for the other property desired.
We exchange property for money and then
exchange the money for the property or
for services. To understand the impor-
lance of money we must consider the CON
ditions that would exist IL we had no
money. 1t would then be a matter of bar
! ter and exchanged one kind of property
for another. The men of today do not I'M
derstand money and its relation to prop
erty and TO society. IL they did we would
not be engaged in this discussion Under
this last head comes the question whether
all money should be issued by the govern
ment or all or part OF il should be issued
by private parties and corporations. The
necessity for money. the fact that 1t is
the organic flud Of society," should make
It sole1v the creation of the government.
late interstate commerce by laws,
Is matter affecting society.
is SO intimately connected with
ization Of society as money, and
have a school of financers
ssocate that ii should be the
- private parties and corporations
egulated by them. 1t should be-
&ei principle with MS that the
money is an act of sovereignty.
AIRY system should be fixed upon
principles by which every dollar
s as every other dollar. All money
se legal tender in, the payment
debts, AMI no act of discrimination
LITIGATION or debasement Of the cur
by any one should be permitted"
dong aud continued appiause.D
Mr.. Horr-There is quite a large portion
OF that essay that is true indeed. 1 think
there is more truth in that simple, short
statement than can be found in the whole
OF COINS school. 1t is true that money is
the LIE blood Of commerce and Of bGs
ness. II is not true that money can exist
only when IL Is created by law. Money
was in use and well understood long before
there were any laws upon the subject
Money does not have to be made a legal
tender 70 make il good money even; this
IS a mistake of Brother Harvey. As a
rulc. legal tender laws are never needed
except 10 make somebody take some
money that is poor No enc ever yet aad
10 enforce a legal tender Enactment 30 ge.
somebody to take the best money m exist
euce. People will take what is best when
ever they can get ID. and you don't have
to have legal statute to make thcla 60
4. you know. Indeed, you may pass al
the legal statutes you please IN certain
directions as 70 money. ana the people VIII
so risht along and use the common rules
Of business IA spite Of your laws.
The debate then drifted from the legal
tender feature of money issues to lesiria-
ton upon the subject Of monel in zoe
United States IN It's course. MIR Harvey
uaractcI Mr.. Horrs iustra-
ons az dorr r.ortel that
- S..
vlal
y mas ao-,t
WITH 3mlIuieuts, the
debate -.