The evening herald. [volume] (Albuquerque, New Mexico) 1914-1922, 1919-08-25

that the dollar win not 90 as far as
I'VE want a dollar that Will always
buy the same aggregate quantity OF
broad. butitr. beef, bacon, beans,
sugar. clothes. fuel and other csren-
tiat thlncs that We spend u Tor. WHAT
Il needed ~ 10 stabilize ~ Standard
lie the dollar, just as we have stan
1.rdiz0d the yardsiick. the poo
weight. the hurnci basket. the pint
cap, the horsepower, he volt. and.
Indeed. all the units OF commerce cN-
'.Except the dollar. none OF the old
rough and ready units are any longer
conaidered good enoug FOR modern
business. The dollar Is tho only sur
vival OF those primitive crudites. lm-
agine tho modern American business
man toicraiing "A yard defined as the
girth OF the president OF the United
I S,atesi suppose contracts III yards OF
cloth TO he now fulfilled which hus
been made In Mr.. raits adninlstra-
lion,
sin order TO secure a dollar rom
stant IN its purchasing power over
goods In general Il should IN erect
he a composite OF those very goods ~
general. Fol Instance. W. might
imagine n composite commodity dol
mr. consisting OF . board feet of lum.
her. i-g0 Of a bushel Of wheat. y o
pound OF meat. SO pounds Of coal
pound Of sufuS, I ounce Of butter, J
,rg and t-iOn of "a pair OF shoes,
WHY Cold isrcnsno MONEY.
That assortment would Away
cost "a dollar simply because a dollar
Is that assortment The price Of INA
I cnmposite would always be "a dollar
iuai a. today The price OF gold u al
ways s2o.ei on ounce. H.,
"Ferhnus some Hcurnful critic d
- 800. e.. H..NnH HIF mnNV NmHnm
Vfnienf. not to soy rrotrsuue, such
Ldnilar would be " o. were IN clrcuin.
ton or were used for export or I'M
port. With It's 30 pounds OF coal,
n far to heavy TO carry with lt
wood and hay Il Is far Too bulky 10
the pocket; Us solitary crE woul'
I spoil. while to divide "a pair OF shoe
In a hundred parts would ruin them
Gold Is to be preferred because n !
im~uerishahlr. eaAiiy diyiAible. ensll.
portable and caEilN salahie
And these are precisely the 81
irihutcs which led US 10 select Eoli
and not. as some persons mlstakeni
.iassume. any attribute % stability.
And 81. because our ancestor
found a good medium Of exchange
We now nnd ourselves saddlcd wit
"A bad standard Of value. The prob
: lem before Is to retain gold as % goo
medium and yet TO make II into
80 "a Ia
, good standard n"t y" Hn"l"v" "
Eoid uut 20 ree.li ~,
make conform " w,
er 70 the .yH =" ."i
~" W'thpr " /.
sthhvHtl ."i. VI" TX
m. w"irht ~ n m, :,
Eold dollHF iH NJ" hN'u }" 81
ehrr,ioie N.itln 49,, Ak
power NHAt We nD,u y 49, o
llr hAeH lh wv "'
thefei"Ie N"ll"'.' ="
81 DO NOT thlnk tnai any inr liH
- whether or nol ne "l.'l,s w ~
OF h"h'S Nn.n d'tt.
h thNt ~. ~ ,..h a. IN,
hlh y So. 49, Ill sft IN
chnhlNE p,N'' ""t. ~ d,
more Ee"us, "a,
p slehd OF ne'ns $500 I,
i--V OF az "uI' ~ r.It
ounce pr y p"unu s." m Il, 10.
= "oula surrey ""H 10"
. row Wh'.n p ~, .-n,ts H. 100,
y ma W, lt.,r ''' "
, IMAM !. "H,, au.t p,,.cr
'hl"h' N~' ~" 49,
o ~ Mexican Eoid dollit ''h'
% about hull as much as OUT" ".l "'
Y less ~purvhhsluf power.
J. should ADOPT the saih, "Yll-l '"i' =
u have, % thhi 'dh"ua hHH' ny" "l
= could doubt mat it" put htsHlb ~
rr would rise thNt J" INC pl''' Nv
10 in Mexico would ial' .
" since, men, lht h'd''"I OF 'tN"