What is money? Money is a product of nature. Money is a part of nature. Money is something that man cannot create. All the legislatures and congresses of the world cannot by any possibility create one dollar, any more than they could suspend the attraction of gravitation or hurl a new constellation into the concave sky. Money is not made. It has to be found. It is dug from the crevices of rocks, washed from the sands of streams, from the gravel of ancient valleys; but it is not made. It cannot be created. Money is something that does not have to be redeemed. Money is the redeemer. And yet we have a man running for the presidency on three platforms with two Vice-Presidents, who says that money is the creature of law. It may be that law sometimes is the creature of money, but money was never the creature of law. A nation can no more create money by law than it can create corn and wheat and barley by law, and the promise to pay money is no nearer money than a warehouse receipt is grain, or a bill of fare is a dinner. If you can make money by law, why should any nation be poor? The supply of law is practically unlimited. Suppose one hundred people should settle on an island, form a government, elect a legislature. They would have the power to make law, and if law can make money, if money is the creature of law, why should not these one hundred people on the island be as wealthy as Great Britain? What is to hinder? And yet we are told that money is the creature of law. In the financial world that is as absurd as perpetual motion in mechanics; it is as absurd as the fountain of eternal youth, the philosopher's stone, or the transmutation of metals. What is a dollar? People imagine that a piece of paper with pictures on it, with signatures, is money. The greenback is not money--never was; never will be. It is a promise to pay money; not money. The note of the nation is no nearer money than the note of an individual. A bank note is not money. It is a promise to pay money; that is all. Well, what is a dollar? In the civilized world it is twenty-three grains and twenty-two one hundredths of pure gold. That is a dollar. Well, cannot we make dollars out of silver? Yes, I admit it, but in order to make a silver dollar you have got to put a dollars worth of silver in the silver dollar, and you have to put as much silver in it as you can buy for twenty-three grains and twenty-two one-hundredths' of a grain of pure gold. It takes a dollar's worth of silver to make a dollar. It takes a dollar's worth of paper to make a paper dollar. It takes a dollar's worth of iron to make an iron dollar; and there is no way of making a dollar without the value.