Elmore bulletin. [volume] (Rocky Bar, Idaho) 1889-1906, 1897-05-12
A JHNGLiN0 FRAUD.
Experiences Which Opened Two
ITEMS Eyes and Should Cause
Others to Think.

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The people are having object lessons
on finance that can not fail to result
in better knowledge of money and
its true relation to human affairs.
These lessons are being paid for
dearly, but the school of experience,
while its teachings are expensive,
reaches a class OF very Intelligent peo-
people who will learn in no other.
Worshipers OF the golden calf and
their crowd of devotees are so bound
up with superstitions of tie barbaric
pa st that they can not readily free
themselves from the absurd notions Of
"ihtrinsic value" and the rules OF bar
ter and exchange Of the earlier stages
of human existence.
But as new truths appear and facts
Threaten to dispel error there are al
ways those who stand in the way,
shouting for the ignorance, intoler-
an ce and delusiop of former days.
The finance issue is no exception.
Object lessons and experience, how
ever, will in time penetrate the thick
est skull and reach the dullest BRAIN
Two circumstances which occurred
in this city recently and happened to
come within our personal knowledge
illustrate the situation forcibly and
taught two men the well paid for les
son which the whole world must learn
a laborer who works at manufac-
turing establishment took check for
his wages. Presenting it at tho bank,
he received a $40 goldpiece and $500
in other money, but before leaving the
owed $12, entering the bank to make
a deposit.
Handing him the 800 in gold, he
eceived rs in change, but waited a
mo mento accompany his neighbor
dow n the street.
J he $40 goldpiece was placed with
the money for deposit, but when Of
ferdd at the receivers window was
thrown on the scales and found to be
worth only $3.50.
This naturally led to an attempted
explanation. The two men a, ked that
the matter be righted in the bank, but
the receiver was obdurate and would
only accept it AZ the discount.
The paying teller merely said "You
should have kicked when | handed it
out if it wasn't right. Can't do any
thing abont it now"
The laborer insisted that he couldn't
be q expected to carry around pair of
scales, but was informed: "Thats not
our lookout. We can't help that"
SO lie paid his landlord the difference
of vi so and went away with an OBJ
ject lesson pretty well stamped OH his
thinking machine, and as he thought
the matter over he registered a vow
that he would never again accept gold
under any circumstances.
Another instance which occurred
here a few days ago opened the eyes OF
one man wide enough so that he will
be able TO see clear through the gold
basis fallacy henceforth-but he paid
Sl1 Eor his lesson.
IL aving gold mortgage to pay and
expecting that the holder of the mort
gage might claim payment "accord-
ing to the bond" he called at the
the bank and got $500 in the yellow
Coins, but when he wen, to pay the
mortgage the holder carelessly threw
out the papers, saying, "All right, Mr..
s.. Just give me your check"
Under those circumstances Mr.. S.
hadn t the nerve to count out the gold
bat wrote his chek, pocketed the old
n mortgage, went to the recorders Office
, and filed the cancellation, and ther
went to deposit the $500 again.
: reat was his surprised The pac k
: age Of % gold coins which had not
been opened by him, labeled by the
bank as $500 gold, on being weighed
for deposit was worth only $4S9. II
was useless to insist that they were
the identical coins accepted earlier il
the day as $500.
There was no appeal. As this mar
walked home IA blocks to save cents
, car fare he observed posters which
, read, "Vote for Mckinley, sound
+. money and prosperity"
Then he would apparently listen tc
the " sound" OF that gold coin as it fel
in the scales, and ringing in his ear,
was the Sound" OF the receiving clerk
voice eleven dollars short" bu
!, there was lacking in his pocket the
sound of IL silver dollars, taken from
him by the "jingling fraud" of intrin-
sic yalue and gold basis nonsense
= Chicago Sentinel.
SfOo REWARD 100