The San Francisco call. [volume] (San Francisco [Calif.]) 1895-1913, 1895-10-27
SCIENTIFIC MONEY!
An Able Financial Treatise by Taylor Rogers of
San Francisco.

San Francisco.
Scientific Money" is the title of book
which has just made its appearance from
the press of the Hurlbert Printing Com
pany, San Jose.
Taylor Rogers, Mayor Sutros secretary,
is the author. Mr.. Rogers is a man of
culture and recognized business acumen.
and this book entities him to rank among
the leading thinkers of the day on cues
tions of finance.
The book is a condensed argument and
combined plea for paper money. He de-
mands the abolition of the present metallic
system as sure means of solving nearly
all the great National problems of the age.
Scientific Money" is bright, thoughtful
and never dull, no matter what may be
said Of the logic of the argument
The author claims that in the establish
ment of gold and silver as the monetary
basis the Government discriminates in
FAVOR OF two Industries. The mines from
which those metals are taken rest in the
hands of limited number of persons and
are worked by a comparatively limited
class OF our population. Therein lies the
discrimination of the Government.
In the outset, Mr.. Rogers lays down as
should have only these qualities:
First-It is standard fixed by the Nation for
and as a measure of the value of all other
things.
Second-It Is a legal tender for all debts.
Third-It is any substance without COM
modify value and in convenient form for use
in exchanges.
Fourth-It is redeemed when debts are paid
and exchanges are effected by 1t.
In his work, touching the question of
discrimination, he writes:
The United States has produced since 1s48
$1,S70, 100000 in gold and 81 ,072, 900 900
silver, aggregating $2,943,0 900. 900. Accord
ing TO the oracles of the gold standard, each
dollar of this vast sum represents days work,
and is thus stored up wealth. If this effort had
been applied by the rules of economic truth,
would this country present, the tragedy OF
this century, the crowning of few million
aires, while at their chariot wheels straggle an
army OF tramps, ragged, heart-broken and
without hope?
To gather this pile of metal required more
work than it cost TO win the grandeur of peace
at the close of the Rebellion, for on July l,
1866, our debt ran to the highest, 50, 773, OOO-
600. All mines are private property in
the same sense that tools, cattle, railroads,
banks and lands are. They subject to sales,
4
and have no exemption or rights not conferred
on all other property existing in private owner
ship. The Government works no mines, and
until recently sold them with the land bought
as homesteads, pre-emptions, etc. :, disregarding
all their existing mineral value. Even where
mines are know to exist, the United States will
issue patents therefor. These facts show that
mines are not National, but purely private con-
Germs.
II humanity must perish without gold and
silver then let fervent prayers rise, like holy
incense, that our patriotic metal-worshipers
will soon invade the penetralia of the tropic
jungle and tie the miners pan to the icy pole
Aye, let the prayer be deep, that their search
may be measured like "the wounded snake
that slowly drags its length along" and as en-
during as the heavens "with cycle and cpl
cycle scrubbed Ger" and patient as the martyr
wrapped in his pale robe of fire. The
gradual decentralization of silver shows how
heartleSs metallic money is. 1t is quite clear
how and why the metallist should antagonize
a paper currency. But that gold, after 1000
years of friendship, knit together through a
myriad struggles, should turn on silver and
stab it in the dark is picture to which the fu-
ture historian will point as the darkest con-
quest OF modern nations. Poland and Ireland
may stand weeping, and for sympathy, but
| greater wrongs than theirs are to-day being
written in the blood of many lands.
After bringing many arguments to bear
in favor of paper money, Mr.. Rogers as
| serts that the wealth of the Nation and the
popular will of the people would be back
of the issue; that its influence on the
financial and industrial world would be
beneficial beyond estimate and forever
relieve trade from the disastrous results of
the eternal struggle between gold and
silver.
1t is very evident the author has nothing
IN common with either the gold or silver
men or the bimetallists. Printed for Tay-
lor Rogers. 1888 Washington street, San
Francisco, by the Hurlbert Publishing
Company of San Jose. For sale by the
San Francisco News Company. 141 pages;
paper; % cents.