I now come to the gist of Mr. Lepper's article, and I invite particular
attention to the heart and core of the matter as he presents it. He says
(all the while declaring himself to be a bimetallist): "Let us assume
that gold only has hitherto been used as money, that 25.8 grains thereof
have 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.
Public-domain text, read in full here on John Shaqi.
Reviews
Reviews
No reviews yet
Be the first to share your thoughts on this work.
Join the Discussion
Join the discussion
Sign in to leave a comment or review.
Sign InorCreate an account