The Louisiana populist., 1897-04-16
WHAT is MONEY?
SOME VERY PROMINENT Az
THORITlES ON THE SUBJECT.

Cue This Out and Paste 1t In YouS
Scrap Book for Future Reference
BE Sure and Remember These Def
nitiOns.
Money is coin stamped metal, u.s.
ualIy gold or silver, stamped by au'
thority and used as a medium OF COM
merce. ."-Webstevs Dictionary.
Money is the medium of exchange.
Whatever performs this function. does
the work, is money, no matter what 1t
is made 0f,'.-Prof. Walker in Political
Economy.
Money is simply employed for bar
terifig. as ship for carrying. Its
action is similar to carts, 1t fetches
for its owner the things he is in want
of."--Prof Jeyons.
"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 the
currency is vested in Congress. II the
power to declare what money is not IN
Congress it is annihilated.
We repeat, money is not substance
but an impression of legal authority,
printed legal decree. ."-12 Wallace,
519, United States Supreme Court
IAN 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 its 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 a standard OF value, nor
a representative of property. 1t trans
fers property conveniently from one
party to another; as wagon hauls
goods from one place to another.
Professor Price.
Moneys are of great varieties. The
palpabIe characteristic which dtstin-
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
"a statutory law). The value OF me-
tatllc money is created by ken
ry Corluschi.,
"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
weishts, four and one-half grains. -
Attorney General U. S. az Wallace
U. S. Supreme Court report, page 5lS.)
1.-The gold dollar is not COMMODITY
having an intrinsic value. but money
having only a statutory value.
And every dollar has the same Valu
without regard to the material.
The gold dollar has not intrinsic value
Money has only statutory value
In business transactions gol'
is not commodity, but money; moth
ing more nor less. This gold has an
had a statutory value; legally eacl
. dollar passes for one hundred cent
and legally it has no other value"
Supreme Court of Iowa. Vol. 16.
"There is legally no such thing a
gold or silver money. Money is tn
8 sovereign authority impressed on tha
which is capable OF taking and retain
t ing the impression. That upon whic
: the stamp is placed is called coin
e the coin may be metal, parchment
: paper. The value is in the stamp an
= not in the metal or material. ."-Judt
Q Tiffanys Constitutional Law, write
s before tho war.
II The men who know all abo
q finance" have had things their ow