Hutchinson gazette. [volume] (Hutchinson, Kan.) 1895-1902, 1896-09-17
MONEY AND IT'S USES.
READ WHAT THOSE WHO ARE
ACCEPTED AS ATHORlTY' SAY.
Daniel Webster, Henry Clay, Abraham
Lincoln, WendAll Phillips, James
G. Blame. David Hume, Roger Q. Mills
and many Others Give Their Opinions
on the Subject OF Money,

"Money is q value created by law
Its value is legal, and not material. -
Henri Cerunchi.
money is the medium of exchange.
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
Il full legal tender in payment of debts
and taxes, is money; no matter what
It's material may be. Henry Clay
can article lis determined to be
money by reason of the performance
by it of certain functions without re-
gard to its form or substance. APP
pleton's Encyclopedia.
"The palpabie characteristic which
distinguishes money from the numer-
Gus objects that resembles it, but
which are not money, is its mark of
authority signifying that it is issued,
circulated and made payable for debts,
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 civili-
cation 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
"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, S@tbeer
Of Germany.
"Thus ltappears that, whatever may
be the material of the money of a
country, whether it consists of gold,
silver, copper, iron, salt, cowries OF
paper, and however destitute it may
be of any intrinsic value, it is yet pos
Bible, 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
priceswherever money circulates. -
Rogers Y. Mills.
Failing prices and restitution are
inseperable companions. The disas
ters of the dark ages were caused by
decreasing money and falling prices "
David Hume the great historian.
San 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.
II believe the struggle now going on
In this country and in other countries
for a single gold standard, will, if sue
cessful, produce widespread disaster,
in the end, throughout the world. =
James G. Blaine.
eff government contracted debt
with a 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
a government could commit against
the people. Abraham Lincoln.
"Allintelligent writers on currency
agree that when it is decreasing in
amount, poverty and misery must pre-
vail. "-Secretary Crawford in Report
to Congress, February 12 1899.
"If all the nations of Europe sdop-
ted the system of Great Britain, the
price If gold would be raised beyond
measure, and we should see produced
in Europe, a result lamentable
enough. Leon Fauchet us43) in Re-
searches upon Gold and Silver.
"But we are now debating about an
exclusive specie currency; and deny
thatan exclusive specie currency is the