Cæsar's Column: A Story of the Twentieth CenturyDonnelly, Ignatius
Science
Cæsar's Column: A Story of the Twentieth Century
Donnelly, Ignatius
Dystopias -- Fiction; New York (N.Y.) -- Fiction; Science fiction; Social problems -- Fiction; Twentieth century -- Fiction
"By no means," I replied; "there are many metals that exceed them in
rarity and value. While a kilogram of gold is worth about $730 and
one of silver about $43.50, the same weight of iridium (the heaviest
body known) costs $2,400; one of palladium, $3,075; one of calcium
nearly $10,000; one of stibidium, $20,000; while vanadium, the true
'king of metals,' is worth $25,000 per kilogram, as against $730 for
gold or $43.50 for silver."
"Why, then, are they used as money?" he asked.
"Who can tell? The practice dates back to prehistoric ages. Man
always accepts as right anything that is in existence when he is
born."
"But are they not more beautiful than other metals? And are they not
used as money because acids will not corrode them?"
"No," I replied; "some of the other metals exceed them in beauty. The
diamond far surpasses them in both beauty and value, and glass
resists the action of acids better than either of them."
"What do you propose?" he asked.
"Gold and silver," I said, "are the bases of the world's currency. If
they are abundant, all forms of paper money are abundant. If they are
scarce, the paper money must shrink in proportion to the shrinkage of
its foundation; if not, there come panics and convulsions, in the
effort to make one dollar of gold pay three, six or ten of paper. For
one hundred and fifty years _the production of gold and silver has
been steadily shrinking, while the population and business of the
world have been rapidly increasing_.
"Take a child a few years old; let a blacksmith weld around his waist
an iron band. At first it causes him little inconvenience. He plays.
As he grows older it becomes tighter; it causes him pain; he scarcely
knows what ails him. He still grows. All his internal organs are
cramped and displaced. He grows still larger; he has the head,
shoulders and limbs of a man and the waist of a child. He is a
monstrosity. He dies. This is a picture of the world of to-day, bound
in the silly superstition of some prehistoric nation. But this is not
all. Every decrease in the quantity, actual or relative, of gold and
silver increases the purchasing power of the dollars made out of
them; and the dollar becomes the equivalent for a larger amount of
the labor of man and his productions. This makes the rich man richer
and the poor man poorer. The iron band is displacing the organs of
life. As the dollar rises in value, man sinks. Hence the decrease in
wages; the increase in the power of wealth; the luxury of the few;
the misery of the many."
"How would you help it?" he asked.
Public-domain text, read in full here on John Shaqi.
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