12 - THE SUN. 



producers will become speculators, prices rise, consumption de- 

 crease, corners be made, until the demand comes to the supply. 

 And what is this supply? It is a wolf, called capital. And 

 the demand — Heaven save the mark, is labor shivering and 

 stai-\'ing. And, unwittingly, mistaking a partial liberty for li- 

 cense, it is still calling upon the legislature for more protection ! 



THE CURRENCY. 



After a just price, the remaining element in a just exchange, 

 is a just currency. If it does not, in return, guarantee the price 

 paid, the price itself might just as well have been unjust. If 

 the price paid then be a labor one, the currency, Avliich is to 

 represent and guarantee the price, must also be a labor one. 

 A labor statistic cannot be stated in dollars and cents. Gold 

 does not measure labor, labor measures it If a whole moun- 

 tain-full of gold should be discovered, the world Avould be bank- 

 rupt; for it would be such an inflation of labor, as to totally 

 repudiate it. Labor is now the currency of the world. Gold 

 and silver are only the counters of the money changers. The 

 merchant and the farmer use no other as the basis of their 

 calculations. For, what is a dollar's worth of any thing, but that 

 thing compared with the labor in something else — an ideal labor 

 dollar? If then, a gold dollar is. but a labor dollar, why not di- 

 rectly say so, and without subterfuge, come to a speciiic basis? 



Do we not all know that gold is but a gambler's lie? That it 

 costs three times as much to dig it as it is worth, and after it is 

 dug, a leather dollar would serve the purpose better? For while 

 gold is in a currency, it cannot be used as a commodity, and 

 while an article of virtu, it is good for nothing as a currency. 

 As one scarce commodity, so infinitely divisible that a micro- 

 scopic atom,* locked uj) in a Jew's safe with the key thrown 

 away, it will still represent all property and serve as a hash for 

 — ? Looking at gold from the side of labo|| it is a fiction and 



••'In»tend of itB beinf;; the value of the metal that coiilrols the valne of money it is 

 the valne of the money tliut governs the value of the metal. The value of money is 

 entirely independent of the cubntancc of which it is machr." Vhaa. Morari on Mon- 

 ey, p. 3'J. "IncreaMe the scarcity of gold to a certain degree, nnd the smallest hit of 

 It may become more ])recl()UH than a diamond, and exchange for a greater quantity 

 of other goods."' Adutn SmUh'K Wealth of Nations. B. /. Oh. XT. "Wore the cur- 

 rency nuJlcieHtli/ limited, a Hhilling might be made to do the bui^iness, or pass at the 

 value of a guinea." J. II MrVulloch. See Hicardo, Mill, Opdyke, Walker, AC. 

 A dollar's worth of nickels Is worth eight cents. 



