Every evening, Wilmington daily commercial. (Wilmington, Del.) 1878-1928, 1922-11-11

ground, 1000 feet long, 80 feet wide,
II feet deep and kept under water.
(Btum!nous coal detcriorates In airD
The mine owners could then give their
men steady employment and produce
cheapfy. Supplies to all would be GER
tain and price variations less. The
storage charges would be triiiing. and,
best OF all. the mine companies would
get one half OF the value OF the coal
in unit money without interest. TO
help carry the coal"
The Edison plan would be OF great
assistance to the farmer. At present
the farmer sells his wheat because he
must have money to live on. II he
tries to hold 1t and borrow money for
operation he has to pay an exorbltant
rate of interest. Nine times out of ten
he must sell his product when It is In
marketable form. 1t IL ordinarily
bought by n Spectator, held In ware
houses for higher prices. and may he
sold back and forth a dozen times at
n profit each time before Il finally
reaches the hand OF the manufacturer
who must uee II. Edlson's plan would
enable the farmer to hold hie crop by
pdNlnE ~ tIltll WbftDnuSt OF RlbIdEt
charge and without paying any inter
est whatever. He could live on the
500 money that the government ad-
vances him and could sell the crop
whenever he thought the market was
right, but must sell n percentage each
month.
There would necessarily he GER
tain amount Of speculation. but II
would be in the hands of the farmer.
the actual producer of the material,
and not In the hands of n non-pro-
ductive trader who In watching the
board In come brokerage office. Price
fluctuations would be gradually re-
duced as forced sales by the producer
would be practically eliminated. Az
a net result. the farmer would get
Ter would pay less for his wheat than
they do today.
Gold Standard An "Absurdity".
II is of interest to note that wher
| Edison first began TO work out THE
| problem he said; 1T eeems absurd &c
mo that all our values should be baset
on boxes Of metal IN tho Treasury
|
are locked. and Immediately everyon,
believes that all IA we'll They ar,
taken out and their contents dstribu
ted and everyone believce that all /.
| wrong.
| Sometimes ton or 60 Of the col,
which has been locked up in the Treas
ury vaults is put on steamer ant
| sent to Europe, Immediately re ship
ped back 10 New York and business
stability Ia brought to paae. thi
ehuttle-cock business being kept NJ
because no one Gomez out with a plal
10 stop such childish actions.
1t is an abeurdIty, but everybod,
has been educated to believe that Thu
/ absurdity is common sense--eeriou
and not to be controverted. Every
body believes because everybody ha
been educated To believe that value
can be established and held etabl
only by the creation and maintenance
OF standard based on the so-calle
precious metals. In reality, clvIliza
ton has become too complicated f.
the continuance of euch a eystem.
What is gold'a real usefulnese? I
makes pretty iewelry and pictur
frames. and ia used effectively 20
filing teeth, Otherwise It ia almost
wholly useless substance. Yet. we hol
ii the standard OF all valueai"
: All that Is necessary TO put the Ed
son plan into operation is govern
ment ruling which would name Il,
, standard prices over tho IS year perio,
for all basic commodities and eet II
p the necessary machinery 10 receiy
and store the commodities. WhatevC