The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1897-02-05
a School of Finance.

/
| Beaumont. Texas, February s.-Refer.
ring to the Galveston News of last Sunday
euitorial and otherwise. on finance, II Is
stated that Mr. Bryan wouldn't know fin
ance If it should meet him on hunt and
there are laid down some axiorns or
ldioms and other things that need LABELLING
and elucidation.
Following are a few quotations which
! VIII induce some OF the readers of The
Post to procure copies of last sunday
| news SO hnger may be kept on the place
viz; ~ i''0N
culation" III
| we have an international coin now
the American gold dollar, and that certif-
cate OF II, the American silver dollar.
"A coin bearing an International stamp
| would be no more convenient than is the
| Amorican coin Of today"
This frightened capital will not again
De placed IN The West until the cry of the
silver orator is silenced forever"
Money is labor made portable"
none previously existed"
Creatures of law arc promissorv who'll,
or partly"
doid, under no conceivable circur
stances. could become a creature of law f"
~ Tor the definition OF money, it Is
SIMPLY laucr made portable"
1t advises its readers to get ready for
night school and that the lessons will nm.
pear IN its daily. and among the sub,ects
TO be treated Finance" is found.
WIN me foregoing quotations be the tex.s
Tor future lessons2
There Was class in finance boiro ...
ed here, but the foregoing rather stagEers
them. FOR their elementary knowledge WAS
viz: F''POSi''ons'
4, Mo"ey is measurer of value and Il me-
u'uth OF exchange determined by law.
Various things wore in the olden tirno
used us medium of exchange 1nchdinc
gold and silver "N'"a
money was begot by law: no money OK
.a,eu pI'or TO governments. and gold ana
SlNer wore concurrentiy made into money
py me various nations of the earth.
Each nation has its eccentric or nec,,,ior
unit OF value; some have two. but nv he
IA" OF that nation they are made equal fn
eaoh other in its own territory.
Hulu ana silver are generally considered
we pest money materials because for wears
.he most OF the nations of the earth have
used them and their many virtues hs,.a
been tested and In case Of the failure az o ono
government, its coin can be used as hui
non IN all the others and with little or ro
TOSS can be recolned into money In any
1lhef' Money dies at the time the nation
80 mn, MADE IT, The coined metal M
one country is treated as bullion When !,
passes into another unless law be rss,a,i
M ne country To which 1t moves. adoni-
ihS IT as It's own N"'i'-
nc SLOW process OF coming the metals
WIN the commercial demands of ,he 80
pie 10Y more money Brought about by tliu
ana Inventions used in producing v,ina.
70 be measured for distribuljop All
behavior OF the owners Of coins hy hns r,e
e oE pr IN ,demandng ~ great tibnta 10
70 larger use Of paper money ,yb,"b tos |
,pia purposes, answers as an sdn,jss'
lhIe substitute when issued in tho i,.'ss-
denominations as coin Wv same |
There is no international ,
commercial money independent of '.S,., no
mont creation VI severn |
tnete are Two commercial units NJ varo |
Sxn wn,gn me money Of one nation nay ind
one graln CT gold and one grain nt siI, VIZ