The Jasper weekly courier. [volume] (Jasper, Ind.) 1858-1922, 1895-08-02

wAsnixGroS. July a DEAR SIR: Return
ing from a small furlough. I lind your letter.
In il you state. Money. whether
made Of metals or paper. is merely fiction O.
the law. The commodity value Of the material
out OF which money is coined created is OF no
consequence in a currency"
In Wyoming. Otoe county. Neb.. there lives .
good citizen who. the field and In the
United States senate. has been conspicuous
figure. He has In his time advocated
nearly all kinds OF money. including. OF
course, the poor mans money. meaning sill
YER at II 70 l. And now he adyertise> for sale.
for cash in hand 10 the highest bidder. a half
mile square OF his large domains Many thrifty
citizens OF Otoe county arrive at the Hotel
Wyoming the night before the sale. 10 be- on
hand when the bidding begins at O'Clock the
next morning During the night the hotel II
burned 20 the ground. sixteen OF the would be
purchasers each having a thousand silver dol
lars melted in the confiag that the
Goddess OF Liberty and In God We Trust
are erased and swallowed up In ragged chunks
az bullion. awaken Co find that the commodity
value 81 money is OF consequence. For. pl.c-
ing their bullion Of silver on the market. they
find IL worth only c. cents. whereas they
bought IL AT a mint value with labor and
labor's product at 81 - an ounce sixteen
thousand dollars OF silver coin accidentally
melted into bullion brings IL owners less than
T. on
But there was also one would-he purchaser
who had melted in that same FIRE tlUo Of gold
coin that the Goddess and In God We
Trust were lost 10 view in lump of yellow
bullion without a single sign OF governmental
stamp thereon. And this one who held gold
finds that the con. modify value ~ his bullion
j. nearly. II not quite. equal 10 that
stamped upon a coin by the
United States mint He has learned. at
least. that the bullion value and the mint
value Of gold ac very much the same and
that therefore gold Is by far the best metallic
money.
4 II j. safe u wager u 70 that the gold coin
] owner feels sixteen times A. much coa,olat On
when selling in bullion Ms gold thousand dol
lars docs anyone ~ the others selling his
! Thousand dollars OF silver reduced To bullion.
Y And ihe poor mans best noner T. that which
+ loses least in value when by ire or otherwise
( i loses the stamp ~ the government
And II NJ thai IRE some fla; money advocate
lost few thousand paper. promises-to-pay
( dollars he also will rise up and dispute the
/ popular failacg that money j. mere fiction II
the law and vehcrncnty denoure the vngary
that a commodity value Ia money unncce~-
sar- and useless. Gold and silver were MONEY
before any law made them so before anv gov
eminent coined them or any mint stamped
them And then each was valued by the de-
nland for each. and now also the relation ~ the
supply 81 silver to the demand for silver rcgu-
l late> it, value.
But you further ssy that the government
! not taking silver for coinage ut rs to has de-
stroyed the demand for silver In a govern
me nj Ike ours which an entity il simply
al az u. there can be no demand created
either for silver or anything else. except the
Integral parts 81 the composite evolve that lie
I rrlard. only the people Of the United States by
their generally expressed desire for "a thsns
can create a demand for H.
Yours Faithfully.
4 SrtftrtSt AOpT,pG