The progressive farmer. [volume] (Winston, N.C.) 1886-1904, 1898-03-01
ANOMALIES OF MONEY.

First-To edeem a gold piece, erase
the stamp; to redeem a greenback, pay
it, which can only be done by the SOW
ereign.
Second-While bearing the seal of
the sovereign money can never be
made the personal property of an indi-
Vidual..
DEBTS OF THE SOVEREIGN THE BEST
MONEY
Third have shown that the debts
of the sovereign serve equally as we'll
as his wealth for the purposes of
NOR ey. Why not use his debts alone
FOR money, and forever free US from
the blasting, blighting, whitening curse
OF gold and her full sister in infamy,
silverQ
NEVER PAYS DEBT IN FULL.
FOurth-It is a full legal tender for
all debts, and while the person paying
it over has paid his Indebtedness in full,
and is relieved of all future RESPONSE
5ility, the person receiving it is not
paid, in the full sense of the word, and
never will be till ne parts with the
money for some commodity having
worth or value, no matter what. Toe
only exception to this is when money
is paid by the subject to the sovereign,
and then it is q full and final payment.
ALL TRADE IS BARTER.
FIf5h-All home trade is a barter
transaction in which money can be
used, but all foreign tr6 IF; is entirely
a barter transaction where values or
worths have been given over and Values
or worths must be returned, money be
ing of no force or use.
MONEY AN INSTRUMENT OF UTILITY.
Sixgh-A TRADE where money has
been paid and promised and paid diff
fers in no sense from simple barter, ex
cept that the utility of money has
baen called in to effect the exchange of
values or worths. In the end 1t is
simple barter.
THE SOVEREIGN DID NOT GIVE B A VALUE
o HIS WHEAT
Seventh-When the sovereign in the
exercise OF his autCc oatic powers arbi
trarily forced a twenty dollar green
back upon B in full payment for
twenty bushels Of wheat, he in no
sense rendered a value, but he really
did appoint B an fiji ;er Of his own, and
empowered him, equally with himself,
TO exercise one of the highest attributes
OF sovereignty. B's warrant Of Cfice
was the greenb8ck; the power dele
gated to him was to cancel or execute
debt whenever found in the realm of
the sovereign, without other process of
law, to the amoupto OF twenty dollars
So long as he held that greenback go
long could be exercise that power, but
when he forced it on D in payment for
the sugar he parted with his wrrrant
Of Office, and, by receiving that war
rant, D became an officer of the SOW
ereign, invested with all the powers
originally conferred upon B. At the
moment B transferred the greenback
to D, that moment he paid D in full for
the sugar and received his pay for the
wheat. Here, through the instrumen.
talitY or utility of money, B has bar
tered his wheat that he did not want
for an actual value of sugar hat he did
want. The transaction would have
been the same had gold been used, al
though the conditions would have been
somewhat changed. 1t will be here OBJ
served that every person in the posses
sion of money is an officer of the SOW
ereign, the money in his possession,
whether of gold, silver or paper, being
his warrant of Cm3e, and when he ten
ders and forces money in the payment
of indebtedness he exercises a power
more arbitrary and a~utocratic than
can be- done~in any other name by
any person in the State, the chief execu
tive not excepted. How quickly is the
sheriff disarmed and his process of ex-
ecution against property rendered null
and void by a tender of money, with
out other process of law, to the amount
Of the Indebtedness.
MONEY IN USE A PROCESS AT LAW.
Eighth-While money in realty is an
engine, instrument or implement of
utility in use it is undoubtedly a pro
cess at or in law.
THE DEBTS OF THE SOVEREIGN, WHEN
USED FOR MONEY CANNOT
BE boarded.
Ninth-The sovereign who circulates
his wealth for money places himself
and his subjects at the mercy Of bad
and c-onscienceless men who have it ia
their power to rob his subjects TO almost
any extent they may choose by de
facing. d~enorting or locking up in