The herald., 1895-07-21


ent I. . II value were inherent II 1t re-
sided in the article, 1t could not be taken from
1t, and II could not be changed by changes in
the number OF the objects OF which value Is as
serted, or with notifications in the desire OF
men to become possessed OF such articles.
Qualities that are inherent do not vary with
the shifting degrees of estimation in which
they may be held by mankind. Hardness In
stone. gravity in lead, do not suffer either aug
mentation or diminution BY reason OF any in.
crease or reduction Of the appreciation OF
men. II value were intrinsic in articles 1t
would remain intrinsic whether people wanted
them or not. But things can have no eco.
nomic properties by and OF themselves; those
properties exist only because there are people.
A thing can have no use unless some one
wants to use 1t; it can have no value unless
in addition to being wanted, someone 10 will
ing to incur sacrifice to obtain It.
Suppose q metal to have more value at one
time than another. We know that at both
times it has the same specific gravity, the
same density, the came ductility. the same
tensile strength. These qualities being In
trinsic. cannot be removed without destroy
ing the object.
"If fan article had intrinsic value, such value
in it, entirety would at any given time be 100
per cent. The intrinsic value of gold In 1878
was. therefore, 100 per cent: it is still and
must always be 100 per cent. But we know
that in comparison with all other things-gold
today has value SO per cent greater than II
had in 1878. Has IL today, then. $50 per cent
of intrinsic value, or SO per cent more than II
Is possible for 1t to have?"
will not say that Mr.. Widney 'Yticks both
feet into it, by citing Stewart Jones and Teller
as authority for the use of the phrase intrinsic
value in . manner in which they never use 1t.
because l do not think the phrase, above
quoted, is very refined or elegant
expression; but l will say that it
would be we'll to examine authorities before
citing them. 1t is evident from the quotations
l have made from Senators Stewart and Jones
that they do not use the phrase intrinsic value
as the equivalent OF commercial value. Mr.
Teller is well informed on econom ic questions
and being we'll informed, 1t must be presumed
in the absence of evidence to the contrary,
that he would not be guilty of such an ab'
surdity. A. J. UTLEY.
Mr.. Strain Protests
EDITOR HERALp:-Sir, in your issue Of Sun
day and Monday last while your reporter re-
lates his experience with the Faithists, he has
allowed hmse If TO publish Il lot OF neighbor-
hood gossip i'll which my name is prominently
brought forward. To be brief it is untrue that
l ever arranged to turn over my property to
equally untrue that arranged for my wife to
go into the colony Tuffree also says that my
brother stopped at his ranch two or three
weeks. Like the above, my brother never
stopped ono day with Tuffree.
Mr.. McFadden says of me that for time
was respected by every one as good husband
and model citizen. In this I am so much
ahead OF him as during twelve years residence
I never heard this mild accusation made
against him.
ter eloped. Now, the facts are rs.>t she in.
formed me when and where she would be
married and on the occasion was surrounded
by her relatives and friends.
He also passes a condemnatory remark about
my eldest daughters sickness. Such remarks
besides being away from the subject and OF no
public interest. are both ungentlemanly and
untrue
He says that again signifed my intention
OF becoming a "Faithist" Well think oug at
such intention. Both Tuffree and McFadden
live nearer the colony than do and after liv-
ing here for twelve years have never invested
one dollar OF money or dollars worth of prop
erty That fact ought to show that 1 am not
over anxious to do SO; but the old chestnut
must be told again and again. and when these
two men are not abusing one another they
have to turn their attention to some one else
Such conduct has always told badly on this
eghbor ood. and am sorry, as a regular
umns should have been used to circulate the
canards above referred to. Yours uly,
THOMAS STRAIN.
Pleasanton. July lS,