People's Pilot, Volume 5, Number 29, Rensselaer, Jasper County, 23 January 1896 — Hay and Gold. [ARTICLE]

Hay and Gold.

According to the Indianapolis Journal the hay crop of Indiana in 1893 was worth $26,340,240. According to the director of the mint the gold crop of the entire United States is only $39,000,000, much less than the hay crop in two average states. Why can't we have a hay basis instead of a gold basis? According to Professor McLaughlin and other gold bugs we need not have the actual gold in circulation, only a few pieces to determine the “value.” As our hay product is much more valuable than our gold product, why not store up a dollar’s worth of hay in the treasury department at Washington and call that a basis?—Bob Schilling.