Hutchinson gazette. [volume] (Hutchinson, Kan.) 1895-1902, 1897-08-05
Definition of Money.

lead, iron, paper, Or any other com
modify.
If neither gold nor silver were used
as money in any part of the world
would they be worth the same as they
are now? No; neither OF them would
be worth five per cent of their present
value. With fifty years of supply on
hand the demand for them for the 9th
err purposes would not make them
worth ten cents pound Rvoirdupois.
What does the stamp on gold or sill
YER or paper which passes as money
signify? 1t signifies the will of the
sovereign power of the government au-
thorizing the stamp or superscription
which appears on the gold, silver or
paper, and also designates the number
of units or parts of units of account
which the particular piece of gold or
silver represents.
Did any country ever use any gold or
silver in war where the existence of
the nation was involved? We know of
but one instance where such was the
case. Germany in the Franco-Prus-
sian war continued TO use silver sup
Iplemented by paper and did not sus-
pend specie payment during the war,
Was gold ever used as medium OF
exchange during any great war of any
of the great commercial nations of
Europe? 1t never was. Every great
nation has been compelled, with the
single exception of Germany, in the
Franco Prussian war which used silver
to suspend specie payment and use pa
per to designate the will of the sover-
eign power of the nation.
If nations in great emergencies, such
as war, are compelled to stamp the fat
of the government on paper to prevent
dissolution and destruction, why may
not that be done in time of peace to
rescue the country from universal dis
tress? There would be no difficulty in
the exercise of the sovereign power of
the government to create money in
times of peace as well as war if money
dealers and Insurers did not get control
OF all governments in times of peace
For whose benefit is the United
States confined to the use of one COM
modify, gold, upon which to stamp its
paramount authority designating it as
money? For the sole and exclusive
benefit of those who own that commOd-
ity and those who have bought bonds
which are gold futures and require the
delivery of the commodity gold.
Is it true that the gold combination
has corner on the gold of the world?
1t is most emphatically true. That
combination has induced the monarch
les OF Europe to purchase more than
half the gold Of the world and hold it
in reserve for military purposes. The
other half is either held CT controlled
by the combination.
On what terms and conditions can
those who have no gold obtain it? Up
on such terms and conditions as the
owners of gold may prescribe.
How much gold have the people of
the civilized world agreed to deliver.
that is to say, what is the amount of
their gold obligations? This question
cannot be accurately answered. The
amount is variously estimated from
one hundred to one hundred and fifty
thousand millions.
How can the people obtain gold to
deliver to their creditors, in other
words, to pay their debts? They must
buy it from those who have it, and If
they can not get it in any other way
they must be sold into slavery as the
Romans were when that grand ciyili-
sation was decaying and falling INTO
Why do the Republ,,'.p party want
conference in Europe 20 decide what
avs shall be passed ia this country?
Because they know that legislation in
his country for the benefit Of America
S deprecated by the crowned heads Of
europe, and they desire 10 please the
overeigns of what they term the most
civilized nations, however much it may
Iisplease or injrre the American peo-
lie.
How long has the United States been
ending delegates to European none
airy conferences to ask permission to
egislate in this country? More than 1
wenty years.
DO the people Of the United States {
hinh it wise thing to allow Euro
can jurisdiction over our domestic af- !
airs? Some Of them do. The banks. :