Robinson Crusoe's Money;: or, The Remarkable Financial Fortunes and Misfortunes of a Remote Island CommunityWells, David Ames
General
Robinson Crusoe's Money;: or, The Remarkable Financial Fortunes and Misfortunes of a Remote Island Community
Wells, David Ames
Currency question -- United States; Money
There were some prophecies, and a good deal of apprehension, that
there would be difficulty experienced in obtaining sufficient gold
to serve as money or as a basis for currency, especially when it
was remembered that the influence of all that had recently happened
had been to encourage the export of all the gold that was owned
or produced on the island. But as the goldsmiths and the jewelers
never experienced any difficulty during the war with the cannibals,
or afterward, in obtaining all the gold they wanted, no matter how
scarce and valuable it was as compared with currency, and could have
had a hundred times more than they actually used, if their customers
had been willing to pay for it; so the merchants, traders, and people
at large on the island, as soon as they became satisfied that it was
economical to use gold, and determined to have it, experienced no
difficulty in obtaining an ample supply.
One circumstance which, pending this result, tended to greatly
relieve the popular apprehension on this score, was the reading in
foreign newspapers that the people in certain comparatively poor
countries--as Oregon, Arizona, Nevada, and Washington Territory--had
no more difficulty in obtaining and retaining all the gold that they
found it desirable to use for the purpose of money, than they had in
obtaining and retaining all the wheelbarrows and steam-engines that
they desired to use in conducting their business; and laughed when
any body talked of depriving them of their gold money.
The first step having been thus taken in the right direction,
a sequence of other proper acts occurred as naturally and with the
same favorable results as in the celebrated case of the old woman
and the kid; in which it will be remembered that as soon as the
water began to quench the fire, the fire began to burn the stick,
the stick began to beat the dog, the dog began to bite the kid, and,
as a consequence of this sequence and its concluding act, the old woman
got safely home with the kid, though at a period of the evening much
later than was desirable or proper. And so, by a succession of events,
prosperity slowly but surely came back to the island.
Public-domain text, read in full here on John Shaqi.
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