It is the most absolutely secure of all securities; it can neither run away nor be stolen, it can not be burnt up, lost, or destroyed. Arable land is, in and of itself, capable of supplying all basic wants, and must be always in demand, while gold, so far as concerns any use to which it is, or can be applied, might be dispensed with altogether, with scarcely any inconvenience to society. Certainly money based on land would seem to be better than money based on gold. Senators who are sticklers for so-called "intrinsic value" money, and "full-value" money, should be found supporting that proposition. But it must, on reflection, be obvious that, other things remaining unchanged, whenever the total number of units of money (or dollars) in the circulation of a country increases, the value of each unit will decrease. It is an axiom of political economy that no amount of increase in the number of units of money in a country increases the aggregate value of the money of that country. The aggregate value of the money in circulation in a country, can, _ceteris paribus_, be increased only by an increase of population and business, that is to say, by an increase in the demand for it. If, without increase of population, the money of a country be increased from, say, $1,000,000,000 to $2,000,000,000, the effect would be not to add to the aggregate value of the money of the country, but to decrease the value or purchasing power of each unit of the money, so that it would take ten dollars to buy what had before cost but five. GOLD A FETICH--DEMAND FOR A STANDARD OF JUSTICE. The history of the world affords no example of a money system regulated by human prescience and intelligent calculation. It is not too much to say that the money system of the world--the most important associative instrumentality of civilization, in so far as it is not controlled for their own advantage by the creditor classes--is practically the result of accident. We are even less logical than the ancients, for they availed themselves of the entire supply of money possible to their civilization and development. They used the full yield of both silver and gold, while we, in order to line the pockets of a privileged caste of money-lenders, reduce the money volume to the lowest possible minimum by discarding one of those metals and making all debts payable in the other.