The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1896-10-19

MONEY NOT CREATED BIZ LAW.
Nr. Bryan's tdea, which he has i'd
vano@d snnumArabis times during the
present campaign, ~ THAI money Is tAe
creation OF law. and that the purchasing
power Of coined money IS due solely 20
It's having been declared a legal tender
by statuse. On this basis rests the whole
foundation OF the theory that there Is
something magical about the government
mint mark. which grafui;oasly placed on
a piece OF metal gives TO Il value which
/; DID not have before. This. also. is the
fundamental groundwork Of the whole
Populisfic fat money idea
Money IN the sense OF a commodity. In
Interchangeable at AL times for ali other
commodities. existed long before coinage
laws. Gold and silver were by weight
accepted mediums OF exchange thousands
OF years before the first legal tender law
was passed by tyrants ID enable them TO
swiadle their subjects. or BY dema goguss
10 curry favor with debtors by anording
shsm an opporf unity to swindle their
creditors.
Through all ages Il has been the bullion
value OF the coined money which fixed It's
purchasing power. not the mint mark o:
the government. excepting in the case OF
token coinage which owed its value to
The fact that IL was interchangeable with
money of higher actual bullion value
and tho quantity OF which vas always
limited
Today, IN the whole empire OF China
silver Is used In all mercantile transac-
tons. by weight aud not by measure.
Contracts call there FOR tne equivalent Of
q specific weight OF silver. not a specific
number OF named coias. So II Is today
In all International trade settlements be-
tween civilized countries. The dollar or
the pound are terms sgnifying a certain
specific number OF grains of pure gold.
not any particular coin with any artificial
value attached BY reason of n mint mark
The coined money is simply a convenience.
IL bears device which shows conclusiyeiy
that IL contains a certain weight OF gold.
With a certain amount o. alloy. No matter
what country may have issued that coin,
II by the ties; Of the scales II falls below
the weight which Il should rlghtfuily bear
Il IS rejected. or only accepted at It's
actual weight CA the other hand. the
few coined Mexican gold pieces are a.
copied as readily as those bearing the
Imprint az the m.nts OF this country.
So Il IA with the coined silver OF ali
Countries having open minis It's sole
measure OF value Is It's weight and the
market price OF fhe bullion In a.. In terms
Of gold. Not a coin issued by any coun-
Try has a value Without o. hin the
| borders Of the country whicn issued I,
/ beyond the value OF the bullion OF which
/ Il "a composed. save alone thc token coins
/ celned on government account. which
| are interchangeable for gold In the coun-
| tries which coined them at their face
value. AMI arc used IN limited Quantities as
| small change.
| Tho sole measure ~ value throughout
| TIA civilized World today is sold. Every
thins else whlch does duty as money ranks
either "a bullion Or "a credit The notes
OF issae o. sueh governments IS our own.
tons. sach as ;he Rank % England. FORM
a COW entens medium OF exchange. ana
| pass uRgaesti0aed oy ne commercial
( world al thstr face value. because In
| s,sntiy Interchangeable for r5la WIKI ne
| government or banking institution which
! ISSUED them. ana she commercial world
| kaows ;has gacs- They are re es4aiva-
Tents % goa. Our legal tender silver ao,-
| as are. ~ fsr as a portkoa q their value
/ IS concerned precisely IN ths same category
az she governments promise 20 pAx print
| ed on pager. Their erchanEe&talltv
| With gol3 kecps them al a price above
| tselr halilan vsIae. ana w.ll cea.1nue 10
| keep them a; tsclr faee value 50 long a.
she VII ana ,as sA.a;y 20 Interchange god
| sor them sx.s,s 81 the part 81 30 govern
nsens wsicA tsrsei ;sesn.
IA every country vl}h nagns. eaca e trse
coinage 81 silver. ia va'oe 81 toe cefnea
money Is prs .ey Identical with tsat o,
;ae ts'1isn. Saaa'4 re vslae Q: TIE bui-
/ ton Secitae gre pafehassns value % ne
| coined rscaey &ecaoes pgh a. TIE ~
| terry ~ ea.asss - ere ye8sa aaln;s dis
/ closes sAs sses. ara cea.a.as a raess in
/ teres; az less0a, Tae 6seisas ia TIE Par
/ caassns sa.ae q tne -atss7 rsae> wss re
/ cause - q slstev saa prolonged oaic-y
| gToa al classes n fH4-a. oart. .afsrsy frosn
/ 49, EaeOgeans eousscfes -~s-e. TIE
/ army eT,cs-s ART tae vsI sertaa.s sAw
! 80 vs.a~ g: tsssr saiAT-es p&y~o.s IN L.
Gaa ropes sss.ak day - Gay 49, -
fa8 in sAs Prise az silver. ortE ,ae,- su-
cosaes became n suossases eat a ;rfae
/ sapre tHsa cne-As.t NAT tAsy Sses tsv
years ASe- Tss complaints became 81
gvse-sl iass as Appls.an's Ansual asaey-
ei'rsSsa - tsss sayzs TIE gowers1as -:
/ - iasz AarVwars~i - Aswasf ;sat. n
compensation sos sae gress 4ecilae n zee
value ~ sAs sssee@. government servants.
~sesaer elsa - m1lsry. asa,a sssre-
&sseF rvostee ens~sats ~ {hesr sazAzses. 40
10 sas Aaas .. &l.aS@. - lie s~sa .. ~.