182 LAND AND LABOR. 



the prosperity. Others have been equally positive 

 that gold, only, must be the standard of values, and 

 with that all our industrial distress would disappear. 



If these two classes would but fairly examine the 

 facts of our present distress, and look abroad and see 

 that the same distress is prevailing in every civilized 

 country of the globe, with the conditions under which 

 it obtains, they would be compelled to admit that 

 money has nothing to do with it, either as cause or 

 remedy. 



I fully recognize the use and value of money as a 

 medium of exchange, *a representative of values 

 nothing more. I also appreciate the necessity of hav- 

 ing our medium of exchange, our money, of equal value 

 and character with that of other commercial nations, 

 so long as we remain a member of that family ; and, 

 also, the great value of an unfluctuating, uniform cur- 

 rency at home. In trade, in commerce, in all finan- 

 cial transactions, these things appear to me indispen- 

 sable for security and success. But these are matters 

 of trade, of commerce, and finance of the great 

 wheel of circulation, and not of the goods which are 

 circulated matters which I do not here propose to 

 discuss. Our industrial production and consumption, 

 and the trade that grows out of these two things, are 

 very different matters. These last things have to do 

 with labor, work, employment the production and 

 use of that which is needful and useful to man for his 

 existence, comfort, and development, among which is 

 " money" itself, and w/rich is the onlyfction. 



Heretofore all our discussions have been n limit 

 "money, money/' and "trade, trade," never once 



