Scientific Money An American Dollar Should Have Only These Qualities

Cover Scientific Money An American Dollar Should Have Only These Qualities
Scientific Money An American Dollar Should Have Only These Qualities
James T Rogers
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In a general sense, depreciating greenbacks making necessities dearer was a misdemeanor ; the National Bank system was obtaining money under false pretenses ; contraction was robbery; payment of the bonds in coin was a forgery of the contract ; the refunding was a larceny of the bread garnered for unborn generations. They were all grave sins, and meant degradation for the individual. But this Seyd Act was treason, because it was a feloni- ous assault on the purity of Congress a theft of legis- ...lative conscience and the uprooting of a fundamental governmental policy.
Why so, and how as to the latter? While the Con- stitution does not limit Congress to gold and silver as the sole substance for money, it must be remembered that these two were in general use in colonial days and so continued at our national formation, and on to 1873. Each held a definite fixed place under the law. If gold was devoted to large dealings, silver was sanctified to a myriad of daily small uses. If the rich man trusted gold, the poor one loved silver.


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