Barbour County index. [volume] (Medicine Lodge, Kan.) 1880-current, 1896-09-16

Money is value created by: law.
Its value is legal, and not material. I"
Henri Cerunchi.
| Money is the medium of exchange.
f, Whatever performs this functions, does
the work, is money, no matter what it
is made of."-Walker's Political Econ.
omy.
Anything upon which the govern
ment places its stamp and declares it
a full legal tender in payment of debts
and taxes, is money; no matter what
Its material may be. Henry Clay.
Gan article lis determined to be
money by reason of the performance
by it of certain functions without re-
gard to its form or substance. "-Ap-
pleton's Encyclopedia.
''The palpabie characteristic which
distinguishes money from the numer-
GUS objects that resem bles it, but
which are not money, is its mark of
authority signifying that it is issued,
circulated and made payable for ebts.
services, fines, taxes and commodities
by virtue of law. Alex Del Mar,
Sciene of Money.
The intrinsic value idea of money
was the idea in the days of crude bar
barism. The simplest and most per-
feet form of money is that which rep
resents nothing but transferable debt
such as paper. 1t is only when states
have reached high degree of civil
zation that they adopt this perfect
form of money.'-Rees' Encyclopedia.
Treasury notes secured by the
pledges or the faith and credit of the
! government, with or without interest,
will make better currency than gold
or silver. Victor Bonnet
1.-THE value of money has fallen
through. the issue of paper money, as
well as through the increase produc-
ton of gold and silver.-Dr, Setbeer
of Germany.
"Thus it appears that, whatever may
be the material of the money of a
country, whether it consists of gold,
silver, copper, iron, salt, cowries or
paper, and however destitute it NAV
be of any intrinsic value, it is yet pos
sible, by sufficiently limiting its guam
tity to raise it to conceivable extent"
Professor McCulloch
Whoever controls the volume of
money of any country is absolutely
master of all industry and commerce.
james A. Garfield.
"The proposition is not to be dis
puted that the increase of the currency
all other thing being equal, raises
prices.wherever money circulates.''-
Rogers Q. Mills.
Failing prices and restitution are
inseperable companions The disas-
tiers of the dark ages were caused by
decreasing money and falling prices"
David Hume the great historian.
can increasing value of money and
falling prices have been and are more
fruitful of humen misery than war.
pestilence or famines. They have
wrought more injustice than all the
bad laws which were ever enacted. -
| United States Silver Commission, 1876,
page 10.
"Money is the life blood of business.
Make it plenty, all business prosperous
and workingmen are employed at good
| wages. Make it scarce, all business
| languishes, merchants become bank
rupt and laborers are starving. Wen
dali Phillips
81 believe the struggle now going on
In this country and in other countries
for single gold standard, will, if sue
cessful, produce widespread disaster,
In the end, throughout the world. -
James G. Blaine.
eff government contracted a debt
with certain amount of money in cir
culatiou, and then contracted the
money volume before the debt was
| paid, it is the most heinous crime that
government could commit against
the people. Abraham Lincoln.
can intelligent writer's on currency
agree that when it is decreasing in
amount, poverty and misery must pre-
vail. Secretary Crawford in Report
| to Congress, February 12 1892.
"If all the nations of Europe adop-
ted the system of Great Britain, the
! price If gold would be raised beyond
measure, and we should see produced
In Europe, a result la mentable
enough. Leon Fauchet Us 43) in Re-
searches upon Gold and Silver.
But we are now debating about an
exclusive specie currency; and deny
that an exclusive specie currency is the
best for any highly commercial coun-
try; and deny, especially, that such
currency would be best suited to the
| condition and circumstances of the
| United States
avow myself therefore, decidedly
against the object of return to an
exclusive specie currency. l ind
great difficulty, confess, in believing
any man serious in avowing such an
object IF saems fo mo rafbor /, e,,b