Show LEVEL OLD TIMERS the exponent the organ or 0 the far inert alliance arid and industrial union of 0 new york has received anti and printed in tac fac a note issued by the treasurer of massachusetts in 1780 which shows shown art an attempt at that time to lo apply what Is known as 03 tile the tabular standard of 0 value it has hag caused a sensation in the east neither professor andrews of 0 brown henry C adams no lofessor fessor seligman or of columbia nor any ot or tile the learned men of massachusetts seem ever to have hoard heard of tiny any such document general francis walker says of it that 1 it I certainly seems as chouch massachusetts had anticipated the conclusions of 0 some economists recording the tha tabular standard of value the document Is dated january 1 1730 and was signed by A gardner treasurer ot of the state of 0 massachusetts bay and leads as follows in behalf of the state of 0 ati day bay 1 I the subscriber do to hereby promise and oblige myself and successors in the felted pelted or 61 treasurer aurer ot at said stale to pay unco price asa arx kidder or to hla his order the sum ol of on oa or before tho the first day oz or ii larch in the year at 0 our lord 1781 with interest at 6 per cent per annum both bom and interest to DO de bald in tho the then current money of said eald slate lists in A greater or lessor lesser sum burn according os as five creater bushels of earn corn sixty elbet pounds and four sevenths par IK of a iun pound of beef ten pounds or of cheeps wool and sixteen dounda ot of solo mole outlier leather shall then cott cot more or less jess that ono one hundred and thirty pounds current money at the then current currert bert prices of said arLI articles CIell this sum bein ing 32 times and a itself hau what the name hajne quantities of the sania samo articles would cost coal nt at tho the priced affixed to them in a law of tills state made in am entitled an act to prevent monopoly and oppression commenting upon it the iho springfield republican says that Is t tel may ay our fathers that motley money was waa quite as ad fluctuating in as any I 1 hing else and hence this curious curkste a r resort sort to stable arable as a enter and ad juster standard tor for certain this fact act lj is of 0 some interest just now because of the endorsement it gives elve to the ali of those who ore are opposing ich the gold eold standard it represents presenta rc an oil opinion lakin then prevailing ja in betts in regard to was honest money maney such as aa now preva prevails lei in tho the abher sections of 0 the west in illustration it copies an extract from senator allens paper in the our current number ot of the review ot of reviews as follows ih the value of money ough to bear as nearly as possible it a lixey relation rel L atlon to the value or of commodities if 1 a roan man should borrow on live years line lime e 1 today to ce day alien ft hen it would take two five bushels of a to pay each dollar it 11 in clear that it ought not to take any more wheat to pay theil debt fit at the time of its mazu maturity rity except c IA tor for the accrued interest Is in other v words a dollar to have cite same oame command and no greater comin command and over the itie products of the farm arid and factory at one time than at another consides Consi dei ing the foregoing the he republican says nays and of course the gold dollar does docs not satisfy these conditions since it 11 nan has admittedly mitt edly appreciated greatly in he relation to t but the point senador allen alien and thil other silver men keep out of and mind li 14 how after so BO many debts have been made in terms forms ot of the hie appreciated prec precia ted doli dollar tir and business halt hai been adjusted to it we are going to I 1 ilehr tiny any pc a able 1 wrongs without inflicting more r by ut at once cutting down the val value ile or poll er of the iho dollar to wh what at it 11 was twenty years ago the republican Is a mistaken silver men do riot not keep out ot at sight and mind the point which the ma kes they keep 1 eap nil all that in mind the first answer Is that when that onslaught was wag blado upon the silver dollar the do debts abts of oc tho the united states ot or corporations of cities states slates and individuals amounted in our cattail countey y to at least five thousand thou band millions or of dollars tile the present debts are am lineal descendants of those except such as biava lave been paid on the national debt and which has gone into the coffers ot of the el editor class clasa but the silver liver men would bo be perfectly willing to have the cha chance ge made to apply to contra contracts hereafter hereafter made a and nd lot let tile hie debts as they are created today to day be payable in gold we wa presume tho the republican would find fault with that because it would reason a that the recognition ot of silver would double the money at 0 the world and thereby reduce tile the purchasing p power 01 e r of 0 the gold dollar even if collected 60 per cc cent at r experience has proved that that would be no oil en those who own gold the jones was wa elven this country between 1819 1849 1859 1959 tho the gold dollar in those years yearn lost halt its ita power does the republican think that thai the men who owned the cold dollar suffered buffered by tho the depreciation rt Hatli at ae cr r did aid they pot not put it in property which went to in an advance in value which made them moro more money than they would have mado made in five decades except tor for the discovery of 0 avid in III california or to make it morn more aas lly fly understood we will suppose that in alaska P gold mine were acro to be discovered e red which according to the judgment c ot t the scientists who had seen it would double the volume op of money in thin country in twelve months would the republican recommend that the government ern ment by force close that told field because the effect would be to reduce the value of 0 gold GO CO per cent centt or would it wisely ray may to tho the people that with that increase in tho the volume ot at money rich mid and poor alike would li be m made a d c t the h 0 richer for the lind find and tor for the the tre treasure n e u r e twenty one years ago we had a treasure equal aquil to one halt half the an money C of 0 the world which lead already re ady been mined our government of et factually closed that field it did it tor for the purpose of 0 du nibling tho the purchasing power of 0 gold bold increasing if the 0 O value of 0 the interest ln which tile the inter est gatherer collected and to make it impossible for those in debt to any more than pay the interest on oil their debt it if it would woul bo be to open a now new eold cold field would it not be v v lse ise to open that old silver nold field where the pit f liver Is already mined and the arguments ari ot of tho the gold men are growing weaker and weaker every day their are becoming more and moro more transparent every dayi day and we predict that uie the party which rip poses full silver this day next year will not have followers enough in tile united states to give it any significance SIC |