People's Pilot, Volume 6, Number 16, Rensselaer, Jasper County, 8 October 1896 — The Best Money. [ARTICLE]

The Best Money.

We deny th at the best money is the money of the greatest purchasing power. If that were the case, then the greater the purchasing power the more valuable would be ’the money, and the dollar which would buy three bushels of wheat would be better than the dollar that would buy two bushels of wheat, and so on ad infinitum. If this were the best money, and, as your monetary school would have us believe, is for the best interests of the whole people, then the tendency would be have the money get better and better and the purchasing power of the dollar get larger and larger, because good money,* from your definition, lies in the direction of greatest purchasing power. We deny this; every honest American denies it; every toiler denies it; everyman who is willing to give value received for what he gets denies it, and only the selfishness of the men who have money or who have contracts in the shape of bonds and mortgages which call for money and those living upon fixed incomes have ever maintained that an increasing standard, like the law of 1878 fastened upon this country, is good: money or is honest money.—George P. Hummer to Millionaire Steinway.