The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1896-07-30
"NOT THE WHOLE TRUTH
I'll. EIiingston Discusses the Money
Question.
To the Editor Of the Globe.

= To the Editor Of the Globe.
Inc Q D In its reply to Fausett under its
If it is the stamp on money which gives sit Il
value, why ought not the government to make
enougn paper money to give every inhabitant
a million dollars? Now is the G o really in
search or the whole truth? VIII it give 1t to
the world If 1t finds tt? Its queries are easily
answered. 1t is the stamp that makes the
money. and there is no need Of placing any
limit on the amount of money that can he
made, Money is term expressing fraud-
llent conception loaded die in human Ian
guage by which our real wants are misrenre-
s nase ~ M Una we want, what we try to ex-
press by that term Is values in definite
quantities. In money it Is conveyed in very
indefinite and fuctuating Quantities What
the government stamp should do, it should
conveyed in the money. 1t does nothing Of ths
KIND 1t says this is dollars, quarters dimes.
1cents and mills, but not word or indication
OF how much of value they convey. There
as no limit to the stamping of dollars as there
Is practlcaiiy no limit to water passing through
the nozzle OF the hose. for any quantity of hose
&c be provided. The hose here stands for
the government stamp; but how about the sup
ply OF water. All, indeed, that is another
question 1t Is not hose at ALL it Is not the
act OF passage through the nozzle, but some
can obliterate all these natural distinctions
IN the minds Of men by a little see-saw Tahi
tan! Don't talk about your hose; don't talk
s aDUu, your th water. The water Is forced
stream Nice. isn't it; useful; ah amt IL.
A stream. that's it. How concise! It does
not require any lengthy explanation. That
word stream sloes it all-is ALL How EASY is
this and what a perfect system of cultivated
ignorance it discioses
1t Is values we want and the GOVERN
ment, while 1t can stamp without limit. pos
sesses only limited supply of values It
cannot, to any considerable degree create
them, az governments were not established
for that purpose.
1t can then only handle the hose and keen
1t In good working trim, that the stream OF
values do not go to waste for it was estab-
lished for the purpose of regulating values.
and 1t refuses to do SO, but imposes upon
US lot OF meaningless phrases-meney. dol
lars. etc. These beget a brood of iniquity.
such as business, finance, money, standards.
recommendation, bimetallism, the ratio of the
metals, crime and criminals, and no blacker
by such instruments through the failure of
government In the performance OF that duty
which was one of the primary causes of
their being called into existence The regu-
lation of values-when that Is done we shall
hear no further questioning as to the guam
tity of money, or its limits; the interest will
settle into inquiries as to the limitations
Of values. The only reasonable field Away
with money. give us expressions, of con-
veyors Of values, and Of its accurate meas
urement, or come out boldly and tell the
whole truth, that this very essential machin-
cry we have not got at all, but are having
the accursed frauds imposed upon us In its
place. Let us have the whole truth, and
nothing but the truth, in this campaign.
H. Ellingston.