The Farmington times. [volume] (Farmington, Mo.) 1874-1902, 1900-04-05
A HISTORICAL REVIEW.
Influence That Money Has Had pOn
the rHblic Welfare from Time
tmme HsorIRI.


Constitution. they descend from the
principle cuuuciutcd In the great
miNrd moneys cuse Of 1904; the cir.
cumsiuucrs connected with the Span.
ish conquest OF America: the Spanish
free coinage act Of l6Us. the british
free coinage act Of 1900. and the in
.t.uliuu Of the coinage and printing
pros-ra n would, therefore, seem
necessary that writer's on the sub
jet should possess some familiarity
with these topics But though the
author Of th" present work has CON
suited many trrati-cs relating TO
monetary systems he has never yet
met with one which c,iurrd the least
rrmp VI these various historical clc-
mru,- Some Of them contain in
formation relative % the "details Of
monetary is,ucs These. when care.
fully culln'cd. are of value to the
historian. legislator and commeuia-
tor Hut, for the most part, books on
money are GlIrd with doctrines, or
worse yet. mere diluiions Of doctrines
without history or experience 20 sup
port them doctrines based on words
100 definitions, ON fgmcnts OF the
mind false worthless, misleading
ui-rhicNouS and hurtful
"'rhr legal political and social char.
Hr'rr "f money; IT. influence upon the
public welfare; the prominent place
/ b. occupies IN the annals Of the past;
. the committees experiments that have
. n,ru made in the fabrication and
emission OF IT,. symbols; the civic
struggles that have ccutcrrd upon
. ... control. and the learning that
ha. brru devoted To its principles by
philosophers legislators and jurints.
surely claim for it's historical treat.
w.mr some better preparation than
doctrines The father of the Undue
. tau method was born more than
three centuries ago; Set it H. only now
rna' his method is being applied 90
90" study of money
"Ihr mixed moneys case decided
'mt money WIS y public measure.
measure uf value. and that like
u'Hrr measures. b. WAS necessary In
fH, public welfare that us dimensions
ur volume should be- limited defined
auI regulated. los the state The
whole body of learning left u- by the
ancient and rrua~rrnt world was in.
t.hr1 tu This celebrated Judgment
ARISTOTLE paulus Iiudin aud Iudrlius
We're summoned =" it, support, the
Roman law. 'h" common law and the
..N'uios nIl upheld 10. 20 demonstrate.
90 THAR Go" state alone had right
'' ISSUE money aud 'n decide W what
substances IFS symbols should be
wH'' whether "i gold. silver brass
'. pewter Whatever the state de-
'..'" q" n" money war money That
N.~ T. he GET OF D..
This decision greatly alarmed the
merchants of London aud fur more
than half century after D. was
,uwria'cd they were ovruprd with
'NurF to defeat ms operation In
'rH 'hrg succeeded 100 getting the
m.'''r before the star chamber, but
their plan. were rejected The rev.
'rt- lhc restoration of 1860 revived
rh'm Their final Fucccss dates from
lnHn
Arhnugh the author does not dis.
,a.- the politics Of money. but con.
auu- himself strictly to its bistor,
l,f. SAYS the National Waterman. the
principles laid down in the celebrated
mixed money ease To- which nc ire.
qu,utly ud,rrts. and which he regards
a. sound legal doctrinc uo, a. no
oyrrthrovu. render il evident Tint
the airociuu- act recently pas,,d by
the house of rrprcs.piatiyss and
tho senate is I'm fits rssrpc, am.
constitutional and void II surrc,.
der both the issuance Of money and
the retirement II money "a IN, barks |
Il pledges the national treasury and |
after 10. every individual md ror,,r,.
tipn in the country. 20 the pnymont |
ot It's indebtedness in rold mctnl |
whether the same il curr.rt I, c,i,,s |
at the date Of poymcrt ar MT +,
other word. I, mako an content. |
ua,abl, i'm money of the d,y -, con
tract. instead az In un,cy ~ a.,
dn, Of paymept This prircirl. b,.
been the subject nj discussion TO-
upwards of 200 wears !, di,d.d |
parties in Rome during the com,noD-
wealth.; il divided them d,,ino, tho |
empire, il divided them dnring tbc |
middle ages. II divided them durin, |
she renaissance. II divided tbcr, d,r.
ing the last century. and {, diyidcs
them vet. Hundreds of works havs
been written on the suhiect md mn. |
more learned ar morr r,r,o,o y.i,, /
sound doctripc than tho. ,.hi,b -,
written durip, Tho stv,..,L -
seventeenth centuries During tbis |
period many legal decisions were rem.
Gcrcd ON the subiect ,II ~ ,hsm
having down the nri,ci,,Io r. rnr,is
taxable terms. that contrac,s 49,
only eouitnbly nnynbIe m rnon.ys ~
the day Of pavment and tbnt MI
lnws which hound The deb,nr 40 49,
other terms verr In nr;ncinlc mini,