The Providence news. (Providence [R.I.]) 1891-1906, 1896-09-08
PERSIAN cow MONEY.
It Was Demonetized by the
Greeks.
WHY NOT RESTORE 1T NOW9
We Could Have Hen Money For Small
Change - Whisky Certificates Would
Make Good Fiat Money = Why Discrimi-
nate Against the Farmer?


nate Against the Farmer?
The silver miners want something
more done for silver" But silver has
had good deal done for il, and it has
proved to be bad job. Silver does not
improve with age; whisky does. Under
the Bland and Sherman acts we made a
forced loan and ran the country in debt
nearly $500. 600. 900 in order to do some
thing for silver by buying silver bullion
We have most of il stored away in
cellars. 1t has not improved by age. 1t
cost nearly dollar an ounce and is
now worth less than 20 cents. We stand
to lose about $160, 600, 600 on what we
have done already for silver. If we tried
to get rid of the silver without forcing
people to take silver dollars, we should
lose q great deal more.
Now, if we had bought whisky at the
same rate per month--S2, 600, 900 worth
from 1873 to 1890 and nearly 81, 000,-
900 worth from 1890 TO 1S93--we might
either in money or in whisky. and then
we should have done much better. Each
years notes could have been secured on
each years whisky purchases, so that as
tho years went by every series would
have been worth premium because the
whisky improved with age.
Buying the whisky would also have
made q good market for corn and rye. l
don't know how much corn or rye it
takes to make gallon, but it must take
q good deal. Every gallon would have
been certified in quantity and quality
by the government stamp on the pack
age, just as The silver dollars are.
According to the l6 TO attorneys of
the silver miners, all that is needed to
make silver as good as gold is n force
bill or legal tender act. Now, If cheap
silver can be doubled in value by a
force bill, why not anything else-why
not whisky?
The farmer wants to get double prices
as much rs the silver miners want 10,
and if it only needs the force Of legal
tender act to put up the price of silver
from GO or 20 cents an ounce to 81. 80,
why not put up other prices? Mr.. New
lands of Nevada says that the purpose
of the Silver party is TO make 90 cent
silver dollar equal to 100 cent gold
dollar. Why not make whisky certih-
Gates or cattle certificates a legal tender
secured by good liquor and good beef?
One kind Of fiat money is just rs good
as another II people are to be forced to
take fiat money whether they want it or
not, would it not be we'll TO give them
q kind of money that has something
better than silver behind it--something
that improves with age? People say
there is never enough good whisky, so
that if we had bought the whisky and
put il away TO improve by age there
would have been enough whisky, there
would have been plenty Of money, and
there would have been great deal bet
ter market for corn and rye.
But perhaps cattle wonld do better
than whisky. No one could object to
cattle. Cow money is older than any
other kind Of money. Cows, sheep, asses
| and other cattle were money and did all
the work of money for centuries. Who
demonetized the COW? 1t was worse
crime than the act of 1878. There are
only a handful Of silver miners but
only think of the number of farmers
who have suffered because COWS were
| demonetized. Why should not the farm
ers supply themselves with all the legal
tender cow money they want off their
own pastures2 1t only needs legal ten
der act and an issue of legal tender COW
money payable in kline.
The ancient Persians were a great
people before the Greeks conquered
them, and it was the Greek coins that
did away with the COW money. We
might copy tho Persian laws. They fixed
the amount OF money and the value OF
it. When physician attended family,