The Butler weekly times., 1897-02-11
coming, and it will be of long dura.
MONEY LUCIDLY DEFINED.

he dennes money thus:
Through our Heterogeneous system
the public mind has seemingly lost
the power to discriminate between
real things and the shad ows or signs
OF things. 1t is necessary that dis
guises be pulled aside and that real
facts appear
"rhere is iu truth only one real
money-metallic coin 1t may be
composed of gold or silver; it might
be of something else, but it is not.
Greenbscks, Treasur notes and
national bank notes are but promises
to pay. IL the nature of things they
can be nothing more. They pass as
money, perform the funct'cns Of
money often more conveniently than
money itself.
'B cause Of this, confusion con
and we are led astray SEEING that
the greenback is uttered by the
Government, that it has by the legal
tender quality impaired to it the
power to pay dehts, and that it cir
culates with all the power of money.
discrimination ceases, we call il
money; and the idea that govern
n-nt can create money by its sane
ton or fiat becomes rooted in tn,
mind
'The distinctions just pointed out
are, however, fundamental distinc
tions. They should be taught in the
schools They are simple and easy
TO be understood even by child.
"While the silver dollar is real
money, its power to exchange fol
other things is more than doubled
by an artificial value impaired to i
through the law which gives it pow
er equal to the dollar in gold to pa.
custom dues.
"Haviug an equal value in thi
direction, and the quantity being
limited, it has equal value in al
directions, but the difference betwee1
the metallic value of the silver dolla
aud this arbitrary value lies in tn
realm of credit
| ELEVEN CARDINAL BELIEFs.
Mr.. Cages views on other ques
tions, submitted by The World, ar
authorized by him in this form:
3. He is not merely in favor
civil. service reform. He was on
. of the first men in this city to Civ
support to the national moyemer
, that resulted in the present law.
He has spoken freely in public q
the question. He was one OF tt
leaders of the agitation out OF whie
grew the civil service act now
/. force in Chicago.
He goes as far as, if not furth
than, any man in Mr.. Cleveland's
Mr.. Harrison's Cabinet in his belle
He will extend the merit syste
= wherever he finds an opening for
:. 4. He is against the trusts.
5. He believes the Sherman An
y Trust law can be enforced.
6. He believes the Republica
. should invite and encourage t
co operation of sound money Den
h Gratis.
7. He sympathizes with Cu'
and believes the Government shor
=, use its good offices to bring abou
= termination of the bloody strife.
. S. He does not believe in invo
ing this country in war.
9. He is not radical in his to
% views. He is inclined to low tar
90 10 He indorses the arbitrat1
~ treaty with England.
10. To the question: "Do you tn
90 the national banks could have boz
the demand for gold OF the P
.,v three years better than the Uni
of States Treasury if the greenba
40 had been retired?" He makes
20 answer:
-. "To obtain the coin for sucf
movement bank notes would be
sented for redemption as the gre
backs have been. II the coin dem
; proved continuous the banks VIC
N recoup by calling in maturity lo'