Show SOME NEW FACTS IN THE HISTORY OF GOLD MONEY it Is quite a comedown for gold to be used for money or the basis for currency it would require a combination of hIst historian orlan philosopher banker politician and mystic to write the history ot of the pre precious clous metal dr freder frederick IC k G howe consumers cou counsel ansel of the agricultural adjustment administration told the cosmos club the other algat among the ancient hindus it was revered as sacerdotal ile he who tampers with it said the law dies on a dunghill and rots in hell to the end ot of time only princes could so much as touch it gold was first demoted to the profane status of money doctor howe said by the Lyd lans who put the kings stamp upon it and used it as a medium of exchange interest immediately arose to ac per cent farmers lost their land and sold themselves and their families into slavery in order to live this 80 30 per cent doctor howa said was the first money interest and arose naturally out of the former lydian system of doing business trade had been primarily in cattle when cows were sold on credit it was assumed they would have calves so the seller demanded the price of a calf as additional payment this was calculated at about one third the value of a cow when you pay interest to the bank today you are paying genetically considered the price of the calf of the cow you borrowed other notes on gold from doctor howes studies all the gold on earth Is worth about it could be e stored in a room of 30 cubic fee feet the workers of the united states could earn it all by working GO CO days at 5 a day they could earn all the gold in their own country in 20 days the total of gold in the united states has about the same intrinsic value as to total of diamonds Wab washington hington star |