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The Science of Money (Classic Reprint)

The Science of Money (Classic Reprint)

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Excerpt from The Science of Money

State upon such an equitable and permanent bas1s as will satisfy the requirements Of justice and of an advancing civilisation. There is no desire to weaken the security of capital, nor to deprive it of its just reward; there is no desire to in?ate, any more than there is to contract the currency; there is no desire to experiment with untried moneys or untried principles: but there is a resolve that the monetary mechanism shall no longer be subverted to the intrigues of a few avid men, whose gains have already been so enormous that their presence in a State has come to be regarded as a source of danger.

In short, the promotion of under-handed legislation concerning money can no longer be tolerated. There must be no more pompous Latin Unions, created to dupe the vain, trap the unwary, and enlist the treacherous; no more surreptitious suppressions of Royal Prerogatives; no more Mint Codes, to be read by title and enacted in secret no more deceptively Revised Statutes, to be passed en bloc; and no more incumbents of high office betrayed or allured. These disgraceful devices and practices are of the past; in future, the noisy clamourers for honest money must bow to the decision of the State on this subject; or, like the Tarpeian woman, they will be left to perish beneath the Objects of their own avidity. Although the gold of South Africa is being produced at the present time with labour which costs but ?3 a month, the system has to be sustained by methods that are rapidly exploiting the labourers, and may render it neces sary ere long to recruit them from the working classes of Europe - an event that will entirely change the bearings of this industry.

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