FREE BOOKS

Author's List




PREV.   NEXT  
|<   39   40   41   42   43   44   45   46   47   48   49   50   51   52   53   54   55   56   57   58   59   60   61   62   63  
64   65   66   67   68   69   70   71   72   73   74   75   76   77   78   79   80   81   82   83   84   85   86   87   88   >>   >|  
been taken to be one dollar, and that it is now desired to supplement it with the use of silver." I had not supposed that any person in the world could be under the influence of a delusion to the extent of propounding three such hypotheses as the foregoing. Mr. Lepper might with equally good reason, in discussing the constitution of nature, have said, "Let us assume that the world is a circular disk of tin," or rather, "Let us assume that the world has always been _regarded_ as a circular disk of tin. Let us assume that the world, being a circular disk of tin, weighs 3,820 lbs., and that it is now desired to improve its constitution by adding forty pounds to its weight and by converting it into a square block." These propositions would be just as philosophical, just as useful in argument, and just as well warranted as those which he presents! His assumption is that gold _only_ has been used as money. But it is not true that gold only has been used as money. It is not true that gold principally has been used as money. It is not true that gold has been as widely used as silver. It is not true that it is as universally used to-day as silver. It is not true that it was used at as early a day as was silver. It is not true that it has been used as a standard unit of money and account in the United States as long and as universally as silver has been used. It is therefore absurd to say, "Let us assume that gold only has been used as money." It is preposterous to offer such a hypothesis. If we should grant the affirmative of such an assertion, we should rush into a region of falsehood and fanaticism identical in all particulars with that station which the goldites now occupy, and from which they send forth their clamor. Mr. Lepper says further: "Let us assume that 25.8 grains hitherto have been taken to be one dollar." But it is not true that 25.8 grains of gold have hitherto in our American system been taken to be one dollar. It is true that, according to our fundamental statute, and to all subsequent statutes down to the year 1873, 25.8 grains of gold were taken to be of _the value_ of a dollar; but they were not a dollar. Our gold eagles were of _the value_ of ten dollars; our half eagles were of _the value_ of five dollars; our double eagles were of _the value_ of twenty dollars; our quarter eagles were of _the value_ of two and one-half dollars; our one-dollar gold piece, of 1849, was _not_ one dollar, but was of _the val
PREV.   NEXT  
|<   39   40   41   42   43   44   45   46   47   48   49   50   51   52   53   54   55   56   57   58   59   60   61   62   63  
64   65   66   67   68   69   70   71   72   73   74   75   76   77   78   79   80   81   82   83   84   85   86   87   88   >>   >|  



Top keywords:
dollar
 

assume

 

silver

 

eagles

 
dollars
 
grains
 

circular

 
hitherto
 

desired

 

universally


Lepper

 

constitution

 
affirmative
 

assertion

 
absurd
 
region
 

falsehood

 

quarter

 
hypothesis
 

fanaticism


preposterous

 

occupy

 

system

 
American
 

subsequent

 
statutes
 

statute

 

fundamental

 

double

 

goldites


station

 

particulars

 
twenty
 

clamor

 

identical

 

discussing

 
nature
 
reason
 

equally

 

weighs


regarded

 

foregoing

 

hypotheses

 

supposed

 
supplement
 

person

 
propounding
 

extent

 
delusion
 

influence