Kansas agitator. [volume] (Garnett, Kan.) 1890-1905, 1897-03-05

Cut This Out and Paste 1t In Youl
Scrap Book for Future Reference =
Be Sure and Remember These Def
nitions.
Money is coin stamped metal, us.
ually gold or silver, stamped by au'
thority and used as medium of com.
MERGE. Webster Dictionary.
money is the medium of exchange
Whatever performs this function, does
the work, is money, no matter what II
is made of"-Prof. Walker in Political
Economy.
Money is simply employed for bar.
tering. as a ship for carrying. 1T
action is similar to carts, it fetches
for its owner the things he is in want
, of."-Prof. Jevons.
"The intrinsic value of money was
the idea in the day of crude barbar'
ism. The simplest and most perfect
form of money is that which presents
nothing but transferable debt, such as
PAPER. 1t is only when states have
reached a high degree Of civilization
that they adopt this perfect form Of
money."-Rees' Encyclopedia.
Whatever power there is over thu
currency is vested in Congress. II thu
power to declare what money is not II
Congress it is annihilated.
We repeat, money is not substance
but an impression of legal authority, g
printed legal decree. IL Wallace
SIG, United States Supreme Court.
AN article is determined to be mon
ey by reason Of the performance by
it of certain functions without regard
to its form or substance. '-Appleton's
Encyclopedia.
Metallic money, while acting as
coin, is identical with paper money In
respect to it's being destitute OF in
trinsic value. NORTH British Review
Money is a tool of exchange and
nothing more. 1t Is not a measure
of value, nor standard of value, mol
a representative of property. 1t trans
fers property conveniently from one
party to another; as a wagon hauls
goods from one place to another
Professor Price.
Moneys are of great varieties. The
palpable characteristic which distin-
guishes money from the numerous
subjects that resemble it, but which
are not money, is its mark Of author
ity, signifying that it is issued, circu-
lated and made payable for debts, SER
vices, fines, taxes and commodities by
virtue of law."-Alex Delmar in Sci
ence of Money.
Money is value created by law
Ga statutory law. The value Of me-
tallic money is created by law."-Hen-
ry Cornuschi.
THE legislation assumes that In
contemplation Of law, money Of every
species has the value which the law
fixes on it; that Congress has the
constitutional power to say that ten
pennyweights of silver shall hence
forth be the dollar and do the Office
heretofore done by sixteen penny
weights, four and one-half grains.
Attorney General U. S. az Wallace
U. S. Supreme Court report, page 519)
"The gold dollar is not commodity
having an intrinsic value, but money
having only statutory value.
And every dollar has the same value
without regard to the material.
The gold dollar has not intrinsic value
Money has only statutory value
In business transactions gpld
is net a commodity, but money; moth.
ing more nor less. This gold has ant
had a statutory value; legally eacf
dollar passes for one hundred cents
and legally it has no other value. -
Supreme Court of Iowa, Vol. 16.
There is legally no such thing al
gold or silver money. Money is the
sovereign authority impressed on thai
which is capable of taking and retain
ing the impression. That upon which
the stamp is placed is called coin;
the coin may be metal, parchment Of
paper The value is in the stamp apt
not in the metal or material. Judge
Tiffany's Constitutional Law, writer
before the war.
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