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 cur renvy it would require a combination of historian philosopher banker poll poli bician and mystic to write the history of the precious metal dr frederick G howe consumers counsel of the agricultural adjustment administration told the cosmos club the other algat among the ancient hindus it was revered as sacerdotal lie ile who tampers with it said the law dies on a dunghill dunah 1 and rots in hell bell to the end of time only princes could so much lucli as touch it gold was first demoted to the profane status of money doctor howe said by the lydiana Lyd tans ians who put tile the kings stamp upon it and used it as a medium of elchan exchange e interest immediately arose to 36 per cent farmers lost their land and sold themselves and their families into slavery in order to live this 30 per cont doctor howe said was the first money interest and arose naturally out of the former ly dlan alan 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 t 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 tire are paying genetically considered the price of the calf of the cow you borrowed other notes on gold from D doctor howes stud studies ae s all the gold on earth is worth about it could be stored in a room of SO cubic fact the workers of the united states could earn it all by working CO 60 days at 5 a day they could earn cam 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 washington star |