Page:Coin's Financial School.djvu/112

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94
COIN'S FINANCIAL SCHOOL.

The Record said:

The Idea of money based on labor is a new one, but the plan is so practical and sensible, we can see no objection to it. To enlarge its use necessitates the government ownership of railroads. Government ownership of the telegraph lines would also add to the quantity of this class of money. It would certainly be sound money, redeemable in value received in the way of services.

There would be no serious objection to government ownership of railroads and telegraph lines if all of the employe's were disfranchised. If they had no power to vote there would be no danger of Cæsarism from them. If the country was prosperous, and all branches of business were lucrative, the number of people desiring to hold a government situation would be materially reduced.

Coin's answer to Mr. Scudder, as to the cost of producing silver, was approved by all the papers except the Tribune. But as that paper has become the unblushing defender of the classes, on the income tax, bribed and unjust property assessments, and every other iniquity that bears heavily on the many and favors a few, little importance was attached to what it said.

The monometallists that were such from personal interest had been piqued and disappointed at the headway the little bimetallist was making. His lectures were having an influence that speeches, books and articles could not have, as he was challenging contradiction of his statements. With such an audience of students of finance, authors arid bankers, these statements became admitted facts, that in their judgment were dangerous to their cause.

Two columns had been erected on the platform for this morning, and each of these were surmounted by a sheaf of wheat. This was due to the good taste of Mr. Milliken, by whose direction it had been arranged.

Three globes were on the platform. One was very large and the other two were very small.