Salt Lake Telegram | 1918-09-20 | Page 6 | Useless Discussion

it nt Usel Useless Se ess ss s's Dis Discussion Ir 71 t p f Under this head might ight come ome the effort being made mad in n some some om quarters ders to consider the question of dropping g gold ld as the fin financial I S of of the the reater art of the civilized world and ado tin Some greater reater part adopting some metal t metal as the monetary standard I. I x Jn In these days of warfare when millions ns o of men are are are fighting g to to prevent ce ent the overthrow of world libert liberty aV ri effort to chap change a the monetary systems systems' of the nations involved in the war v be more foolish than an attempt to trade horses in a af st J Those who argue in favor of a change cha ge the point ot t the accepted a c e ted f fact ct that gold no longer is is' the most precious m metal tal Three 1 materials I t r als each worth ma many y trines times as much as gold now now are e being mined died to d to a limited a extent One Ole of f these metals metals more iridium more valuable e iI in the arts than Ulan g gold gol an and more valuable be than gold gild or a any y other metal in chemistry has a value o of an ounce while I Of palladium Ji i mand and platinum are are ie worth respect respectively vetY vely and 13 an ounce j All three r e o these these met metal lt are of or th the great greatest reate ft t value e in the he F manufacture fa ture of scientific war war instruments me sl while h e gol gold can an be used in m warfare warfare Y as a a medium of exchange rid the he bribing b by byr some nations n h of of I. I W. W Ws W.'s and other With iridium iridium's as s a a monetary standard nations would fight for forit forit I it it and millionaires es would cry cry for for it while the he ordinary mortals would have to to- tobe be content with the beli belief f. f that such uch a a n metal tal real really Y existed t d e. e i. i r t Although h the entire production of gold has cost ost much pore more than its present market value and its scarcity is is' is isa a source of w rry Y for s some me nations th there re is no possibility of an i immediate mediate cha change ge to a any any y other metal as a monetary standard I Should such a change eventually take place it is safe to pre pre- diet that the original monetary metal silver would silver would be taken into 5 serious riouS consideration as the white bride of of the golden groom I