| Show SOME NEW FACTS IN THE HISTORY OF GOLD MONEY it Is quite a comedown for gold to be used tor for money or the basis for currency it would require a combination of historian philosopher banker poll and mystic to write the history of 0 the precious metal dr frederick 0 howe consumers counsel of 0 the agricultural adjustment administration told the cosmos club the other night among the ancient hindus it was revered as sacerdotal lie he who tampers with it said the law dies ciles on a dunghill and rots in hell bell to the end of time only princes could so much as touch it 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 ag per cent farmers lost their land and sold themselves and their families into slavery in order to live this SG 36 per cent doctor howe 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 sell seller er 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 stored in a room of 30 cubic 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 washington star sar |
