The Lamar register. [volume] (Lamar, Colo.) 1889-1952, 1896-08-01
NUMBER 9.

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silver, but if il should amount to one
hundred dollars, the most radical free
silver man would take 1t very unwilling
ly. Yet it is the law and is legal tender
for any amount. Naturally silver is
subsidiary money, made so by the law of
preference and convenience in all men,
and which is beyond the control of CON
gressional legislation.
Experience has taught that we require
at the present time about l25 millions in
silver Of all kinds for our business needs.
The balance amounting TO hundreds of
millions is piled up in the treasury, al
though the government Is using every
inducement within its power To get it
out into circulation. We have at the
present time about co millions of silver
dollars and 63 millions in subsidiary com,
halves, quarters and dimes, in circulation.
The people do not want the balance and
will not use il although ii is equal in
purchasing power to gold.
The silver baruns know II they can
compel free coinage, the gold viii disap-
pear and reduce our circulation that
much and necessity Will compel people
10 use silver in its place. Their next de
mand will be to retire all the paper
money as Well, to mike room for more
silver. The Rothchilds will not "be in
it, long with these schemers il they can
succeed in deceiving the people. They
will never succeed, however, for il takes
very little study OF this matter to show
the villainy underlying it. They say
that its legal tender quality will at once
raise its price to a parity with gold.
They know better and do not desire it
either. They are mining gold too and
every cent discount on silver adds the
same amount in premium upon their
gold under free coinage. They talk
about the small amount of gold we have
and the necessity OF more metallic
money. As a matter OF fact we do not
use metallic money very much and the
people do not desire it. In the settle
ment OF balances in the money centers,
gold is used, or its equivalent, because
people prefer it. There is plenty OF il
and each year adds to the amount, for it
is being mined in enormous quantities
Nothing is palmer to any sensible man
than that.
The modern world transacts its bust
ness and trade upon credit system that
is simply wonderful. Trade and business
amounting TO millions upon millions OF
values are carried through without the
use or handling of single dollar. Sta
tistics show that of all our trade at home
or abroad, amounting to sum so vast
that the mind cannot conceive it, % per
cent is done without handling dollar IN
actual money. The bill of exchange,
bank draft or check does all this. If A
buys anything OF b, instead Of carrying
his money around with him. he deposits
II in some bank and writes b check for
the amount. II b has confidence in A
and the bank, be probably prefers it to
the actual money. 1t is simply u writing
that entities him TO the agreed amount
either in actual cash, or by turning 1T
into his own bank to keep until he wants
to use it, or probably transfer it to some
one else in like manner. 1t is safe
convenient and cheap way to handle that
property until he wants it.
The check is not money. but If the
giver is solvent, it is title deed to the
money in any form you may desire it,
and you willingly exchange your prop
erty for it. THIS is the refinement of
convenience and usefulness to the bust
ness world. Money is simply property
in form made necessary by trade and is
nothing else than the free willing ex-
change of one mans property for another.
The fundamental principle in exchange
of this kind is that no man willingly ex-
changes his own valuable property ex-
cept for other property of at least equal
value TO him. That is the absolute con-
dition OF permanent prosperous trade.
Equal value for agreed equal value.
Anything else is certain and immediate
destruction of commerce for it will ex-
haust the party who is made to get less
than he is made to give