The Louisiana populist., 1896-01-10
LAW MAKES MONEY.
THE PROOF is POSITIVE. UNE-
OUIVICAL AND DIRECT.
Numerous Acts of Congress are Cited to
Demonstrate that Money is Simply a Crea
ture of Law-The Goldbugs are Actuated
by Greed and Nothing More.

declare that law does not make money.
They convey an idea that they do
not believe; that money is produced by
the magic wand of an imaginary bust
ness god.
The being that the gold power
clothes with the functions of making
money has never been definitely de-
scribed.
What it looks like, where it abides,
and just how it exercises the power of
creating money needs explanation.
Mr.. Carlisle believes in this money
producing spook, as he declared in his
Delmonico speech year ago that this
government could not make money.
III this government cannot make
money, then it is but natural to con-
clude that no other government can
make money.
As money is created and does actu-
ally exist, there must be a creator.
Ii the creator is not law, then the
goldbugs will confer a favor if they
will tell an anxious world who that
creator is,
The modern reformer who has stud
led this question in all its phases has
come to the conclusion that law makes
money. Now let us examine that de-
duction few moments.
The young republic of America dis
covered in 1892 that it needed money,
and on April 2 of that year its law
making power actually made money by
declaring that the stamp of the gov
ernment on 27 grains of gold eleven
twelfths fine should be dollar.
At the same time this law-making
power also declared that same stamp
on 3719 grains of pure silver, properly
alloyed, should also be dollar.
Now, here are two dollars, or money
made of two metals by law. Nothing
whatever entered into the process of
making this money but law.
On June %, 1884, the law changed
the gold dollar, reducing its fineness
from eleven-twelfths to nine-tenths.
As law made the money, of course it
could change it at will.
Notwithstanding this change of the
fineness OF the gold dollar by law, it
remained dollar just the same. Thus
law makes money.
From 1892 up to 1857 the gold coins
money of Europe, Mexico, Central
America and the South American ma
tiOns were declared to be money by |
the laws of this country, and were a
legal tender.
In February, 1857, the law unmade
all this foreign currency and declared |
that it was no longer money IN the
United States. Thus the law can not
ouly make money but it can unmake it.
For more than hundred years the
avs of England and most of the Eu-
'opean countries made one pound of
gold worth Is! pounds of silver. So
he law not only makes metal money,
put 1t regulates the value of the metal.
Previous to 1853 all dimes, quarters
Ind halt dollars Of silver money in the
United States were of corresponding
weight with the dollar. Two halves
Weighed the same as a dollar, and so
lid four quarters or ten dimes.
In 1853 the law changed this condi-
ion and made the silver change z per
ent lighter than the dollar. To-day
wo halves and four quarters are per
ent lighter than a dollar, but the law
ays they are dollar, Notwithstanding.
The law, therefore, makes money.
When the war between the states
'rOke out the banks refused to pay out
old and silver, and the government
Ound it necessary to have money to
efray the war expenses. Law was
allied upon and made the greenbacks,
nd it paid the expenses of the war and
Tas the best money up to the time the
money gang succeeded in destroying {
that the country ever had.
In 1873 the law created a new va
iety of money called the trade dollar.
contained 240 grains of standard {
liver, yet it was only dollar. That {
anne year the standard 412I grain 4
ollar was demonetized. The law {
topped making it, but in 1873 it was
gain ordered coined. In 1876 the
rade dollar was deprived of its legal /,
snder qualities, and despite the
nperior quantity of silver it contained,
was only worth 80 cents. All these
hanges were the result of law.
In 1892 the law also created a cop I
er money 1-cent piece. One hundred ,
these pices were declared a dollar.
hey weighed 26O.0 grains.
On February 2, 1857, much lighter =
snt piece was created by law. 1t :
ontained SO parts copper and IL parts !
ickle. Both of these cent pieces were !
tender, and circulated side by side,
lough they differed radically in the >
mount of metal they contained. i
In 1864 still another cent piece was a
'eated. 1t contained 4S grains of cop '
sr, tin and zinc. One hundred OF l
lese cent piece contained 480 grains, q
lille the old cent piece contained 26.D v
rains each. They were both money
ade by law.
A pound OF the metal OF which tnis