Show 01 Z N I 1 tri gale M N I 1 airm IR i k i V k 1 I 1 M R i I 1 11 1 M m sasa bolit tO lit 4 si y I 1 V s t im i M I 1 I 1 A 3 A I 1 aiB I 1 0 STU I 1 I 1 t i 0 t arx w i I 1 J MOW hi ta C T 1 I sr X arlio 0 W IM m fan 5 i A 2 7 int as ws U ia i ia atiles demaa I s 1 1 1 7 1 u 1895 fo I 1 I 1 10 2 i i X Z 1 I 1 f t z r 71 ya ft K as 8 Th I 1 tiso fik far tram t bimetallism fia i i t fia f feht of f t hw ii coins U eb both at h ai A t is I 1 that ii V I 1 11 t ai libia beam be am ia actual al coina coinage g 0 ani ana an to show lid diw entirely distinct Sis is a question 7 1 0 C bartza I i mihai of bf a stand arl gue I 1 have only to refer to fo L 6 reua deport of the ra in tinaa A lau A arency c committee of I 1 1893 now M bw before me which h ich points out bui that scandinavia holland and can ida hiet h e with little orno orn 6 gold corn tin circulation arcu lation that Canada and the D Dutch ea east A indies nave the gold itan standard dard without 6 even re n a mint pr or any gold coinage at all ally and tria then had a gold standard darid with ith m ilits closed against the private co coinage in age of gold as well as ai silver and currency of inconvertible paper atud nd the wes indies a circulation based on gold but ant co consisting asistin C ot ol token silver made legal tender to an unlimited amount 9 that in order to estimate value time weight freight or extension there must be a standard conr standard of weight is the troy pound of the mint our standard unit of all measures of extension is the yard vard and is adjusted tp to the old bronz bonze yard measure obtain obtained U ed of england in 1856 and kept at washington oar standard unit of dry measure is the winchester bushel containing 2150 42 cubic inches and so on for all these things there has to be a standard and with respect to all but money the idea of the standard is aas easily 1 y understood as it simply measures ures the weight P extension or capacity of things but is not given or taken in elchan exchange V e for what it measures money however er is is not 0 only the measure hut but also the equivalent of values and is gi given and taken in exchange for what it measures arnon among a al 06 0 6 hazed nations value e is estimated by its price in mone money v money is therefore a standard of value and our law jaw provides that the dollar shall be the unit of that standard 10 that the standard of value is also the standard of deferred payments for all future or t time contracts to illustrate As it 1 is i s competent for an individual to SV say for this horse you now sell roe me I 1 will pay you one year hence 50 bushels of wheat or bushels of corn so it is competent for the government to say say what shall constitute its dollar or standard of 0 value or deferred payment so that all contracts for future payments shall he be payable inso in so many grains of silver or so many grains of gold designating e the number of each co cons constitute titu te a dollar or be the equivalent of its I 1 unit of value in the individual cod contract tract just referred to one bushel of wheat was fixed on as equivalent to two of corn or in other words the ratio was 2 to I 1 as between the two thing sin gin which the deferred payment might n be made when payment became due if etwas it was easier easie r to pity pay in bushels of corn than 50 in wheat the debtor would pa pay in corn and if there was a la large rge number of uch such contracts acta that would increase the demand for corn and tend to bring 1 it lupow a parity with byll ith v wheat heat at the batio 0 2 to L 1 I 1 11 1 1 that the sherm an act of 1873 1973 having deprived averof silver of its function iw is SL a I 1 a t standard aldard pov of value alue the hole burden ol 01 0 ith the e fr functions actions of primary money was chereb de on Z gold ire by lar large gei il call its pu uthaug power anth respect to all commodities 2 Z I 1 i flyr th this hib is bs clearly cl earli shown 6 e art enfiled en tiled it f TP i iii 2 2 a 7 z atri it L hii 81 I 1 Z liag 11 sab TW at the tery verv i time tiene silver d aggra 1 td by agi heing n za d deprived i ot of its C 1 I a standard of value gnp ibie i tn a silver 1 I ver odellar wall iii Z w 3 aca 6 more i t han ahe 1 I 1 16 JM t W 90 liar rf 7 i c I 1 i i t I 1 T p aa 1 I t aind iiii 4 tu 5 g ti be kaip f V 9 arf t nae I 1 t I 1 isto 4 J ef S z fr as lb jf 9 i 1 t j 0 w sg I X t 1 I 1 ara I 1 1 1 dvm 1 1 1 a ag W ar i ff crea am t ic 1 r T il 1 lova U ja dt tva irol 1 j ow 1 r 11 1 ax I 1 Q W pe lar t av 1 i I 1 yn 4 I 1 ill 0 I 1 ow e f 7 S 1 41 1 1 ja 1 fi A M MR P 1 I 1 MW U ar 1 X ak d 11 ibi I 1 a W h omra W epta R V L 1 I 1 a mai go S F W A rw r va 41 it UW r 14 il M awil i IV L mawer 2 X 2151 il 1 t 0 mp A VF xv fold g bd ft an 0 10 WE ib R j ma s y aa I 1 I 1 R fg ME wa t I 1 I 1 r M af 1 1 I 1 7 |