years, it would be impossible to make paper money circulate. But money made from property having a commercial value would circulate, and would assist materially in restoring order and civilization. In fact, it would be hard to restore civilization without its use during such a period.
CHARLES NAGL.
"We are approaching such a period now, unless wise statesmanship shall intervene; commodity money—silver and gold—will be our only money, and will have to answer the purpose of a medium of exchange until a stable government can get on its feet and issue paper money.
"All know and feel the necessity of money, and if chaos comes in this country, it may be years before there is another government sufficiently established to give confidence generally to its issue of paper money.
"In the meantime silver and gold coin will be the only thing on which we can rely for money, and of the two silver will be as it always has been, the greatest friend of the people."
MONEY BASED ON LABOR.
J. FOSTER RHODES.
J. R. Sovereign, Master Workman of the Knights of Labor, who had a seat on the platform, now asked a question:
"You have given us the theory and science of money," said Mr. Sovereign, "as based on property. I want to know if it is practical to issue a form of credit money based on labor?"
