Sequachee Valley news. (Sequachee [Sequatchie], Tenn.) 1896-1952, 1911-07-27
THE, ERROR : :.
MONEY SYSTEM


"
It is hard for any man to imagine
Ter being taught that money is val
q. that it could be anything else
but / believe it to be anything agreed
On by the government as a unit By
which value may be measured, and j
seems to me that paper dollar j
nuch to be preferred, as the cosi
Duld be only trife as compared tt
BUR gold dollar of 1913 grains which
a2 Aas q nation must borrow if we OBJ
it.
Mh1Hoss Eye, +" If You buy Of
&rchant a yard of domestic,
domestic be any better il
BY gold yard stick
be any longer than measured
Eooden yard stick
iii observe from these ques-
1T is the domestic which is
1t is product of labor
Inc regardless of what 1t is
with.
9th of the yard is established
Hcopy of which is kept with
other yard may be compar-
khis for standard it is easy
ne and to understand great
er lengths.
V so with money. Take
ard dollar. 1t is gold
|hich any other dollar 8
ineness may be measured
but even this does not
py way to understand the
dollar any more than the
helps us to know the
of cloth. 1t helps to
Falue of other articles but
Iwn value be determined
In comprehend its value
ehend the value of other
IA it is applied2
make the word "value"
power any given article
hange itself for other arti-
the market They make
.kp mean that exchange value
iii dollars and cents From
must admit that any article
more or less value, as it is able to
xchange itsslf for more or less of 9th
rsfs3 s3ods. ou must conclude that the
reater or less exchange power makes
'the5*ice high or low. when the trusts
Sid HIT control.
~ Ksf1 Marx, the great German So
tcialist, said Price is the money
Name of the labor realized in any COM
enodity" From this you get the So
z $cialist idea that all articles have one
thing In common which gives them
&power to exchange themselves in the
anarket, and that is labor mower or the
Naste Of human energy life expended
q their production. This is as true
kDf the gold dollar as Of the domestic.
Every article which has power to ex-
change itself for any other article pos
ssesses this common quality and no 9th
er, that is, the waste of human life.
/ If there is or can be found a just
measure by which the relative values
\pf different articles may be determin-
hd it seems .nat the one and only COM
mon quality could be taken as a just
measnre, This common quality, re-
Zlpeat, is the amount of human labor to
produce an article, as, to illustrate.
when you 60 to the market you will
I want to know how much of human life |
which you have expended in produc- |
ing a bushel Of wheat, shall be ex-
lschanged for how much of human life
Eexpended to produce domestic, hats.
shoes, etc.
Under capitalism very few ever
nfhink OF anything but the dollar, and
very many honestly believe as you,
h Mr. nHoss Eye, that it must be a
gold dollar, but believe it to be the
dollar which has already caused more
poverty, misery and death than any
medium OF exchange the world has ey-
or known. for it requires bonds upon
which we and our children's children
must pay interest.
Stop now and think. Our govern
ment goes to the trust or company
which owns the gold mines and says
we want FIVE hundred million dollars
lin gold, for which we give you the
beople's note upon which we will pay
. you four per cent. interest semi annu-
lily in advance In gold. Every time
t1honey is wanted bond is issued.
they are good, too, and the gold bugs ,
No glad to get them because of the in
crest clanse. It's more bonds to get 4,
kore gold TO pay more interest which ,
nterest) causes us to need more bonds !
q. procure more gold to pay more in
sferest, and on and on till the few who
live in idleness and luxury will absorb
the wealth of the nation and the many ,
DKho produce good things for their
Masters must live and die in ignor- ,,
@nce, poverty and distress. i
lsS Your gold has many advocates, even
'fIse book on political economy furnish !