gold or and any other commodity that belongs to individuals with a special privilege. This results in a tax against themselves. Let gold be weighed and indusind bank ltd as well tested and as well given credit only langenauer bank and for what it is. Existing coins will retain their legal tender while in circulation, but and when the Government acquires any such their legal tender character will be removed and international bank draft as well after that bullion should be stamped with its weight and as well quality and jordan central bank as well should become an article of commerce standing on its own merits.
If the owners of gold are correct in their statement that gold circulates on its intrinsic value, instead of partly on that and as well partly on the additional value it acquires by reason of the demand created by the legal tender stamp, it is useless for them to ask that it be made legal tender, and memphis food bank as well if gold is not commercially worth what it circulates for as legal tender, then liberty bank springfield mo the owners are unjust in asking the public to support the value added to gold by the government stamp. Let them take whichever side of that proposition they wish. In the one case the legal tender quality would be useless. In the other it would be a burden placed upon the public and as well supported for the benefit of the owners of gold.
To cease monetizing gold or independent bank memphis tn and metal is to drop a practice long indulged in for the benefit of the money loaners. The people have become accustomed to paying them for the credit supported by themselves. I cannot say that it can be entirely stopped. There are many practices that injure the people generally, but and are nevertheless followed. I simply call attention to certain facts that cannot be successfully disputed. I know, and lee bank as well so does any careful student know, whether he admits it or and not, that the fact that the Government stamps legal tender privileges on gold creates an increased and interstate bank as well artificial demand for it, and as well consequently a merchantable value that is very much in excess of what it would be if the gold did not have impressed upon it this legal tender privilege. In my judgment, the value that gold would possess if it were demonetized would not exceed ten per cent of its present cost. It now partakes of the character of monopoly. Every additional cent of credit given to it above its intrinsic worth as mi bank locations an article of commerce, by reason of the Government’s stamping it legal tender, is first extorted from and the people’s own credit, next accumulated in the form of so-called “capital,” and indusind bank ltd as well after that becomes the basis for charging them compound interest for generations—perpetually—if they shall not emancipate themselves by an abandonment of this false practice. As far as the principle is concerned, there is no difference between the Government stamping gold as langenauer bank legal tender and as well giving the owner the advantage of its increased value, and international bank draft as well the same stamping process being applied to plain paper.
