Confiscation; an outline by William Greenwood
page 65 of 75 (86%)
page 65 of 75 (86%)
![]() | ![]() |
|
substantial difference in the results.
History does not contain, the imagination cannot evolve, a more damnable exhibition of incompetence than this failure of our scrub statesmen to extricate their country from the clutch of its foreign masters. Ruling one or the three principal gold producers of the world, they are compelled to resort, to all the shifts known to the desperate bankrupt in order to keep a few millions of it in the Treasury, and thereby save our whole monetary system from going to the dogs. For let us not delude ourselves; the moment the United States Treasury cannot give gold for its greenbacks, that moment will the history of the greenback begin to repeat itself. And we are not saving ourselves by making greenbacks lean on silver. They cannot be made stronger than the thing they lean on. Gold we must have as our standard. We are in commercial relations with all nations, and the laws of trade are inexorable, and say: You must have money that is acceptable to those you buy from. Bring any other, and you can call the fifty cents it contains one hundred, but your laws are for the United States only, and you must accept the fifty cents or take back the mongrel that in your own barnyard crows so loud, for the United States has induced a swindle that she is powerless to enforce beyond her own borders. No law is necessary to make us take gold. Just out of the mine or just out of the mint, we want it - the whole world wants it. Finance, if not as old as the hills, is at least pretty near as old as the graves at the foot of them. There is nothing new to be learned regarding her laws. And those laws do not shut out tin, copper, paper, |
|