the cost of the bonds by which the bullion was purchased there would be in the U. S. Treasury the bullion value less the interest on the purchasing money invested; the condition being idle values that might be invested to draw interest and the interest being paid by the U. S. Government, on bonds until such bonds are cancelled, this condition being as long as the purchased bullion remains in the U. S. Treasury; should this coined bullion be paid out of the U. S. treasury by July 1, 1905 to cash gold or silver certificates, what would be the amount of the cost to the United States Government? The per capita money in circulation during 1903 is published as being thirty and two one-hundredth dollars. Amount of silver bullion purchased from Feb. 12, 1873 to Nov. 1, 1893, five hundred and eight million, eight hundred and fifty-three thousand, nine hundred and seventy-six dollars. Amount of bullion purchased by the United States government is not stated by the statistician. If the government collects its revenues in gold and pays salaries in legal tender money such as the citizens usually receive in exchange for their services, the government ought to accumulate gold and silver; especially if they paid some of their rents for postoffices, and building sundries in legal tender notes. One of the intentions in beginning this essay with Eldorado was to try and give the purchaser of this book the worth of the money invested, even though it was necessary to borrow Eldorado to do it. The reader may hold it to be bad logic to select Poe to begin an essay on money; Goldsmith might have been better author (i-ty). Goldsmith and Poe both well knew the value of money. To increase the circulation of money, United States coined silver dollars should circulate at their own intrinsic value; at present this would permit employers to pay more silver dollars in wages to salesmen, clerks, reporters, farm hands, and in other employments besides trades unions, where the employee to some extent can keep up their wages by co-operation. This would be a currency at intrinsic value, not a depreciated currency; a very large silver dollar is not necessary; those now made at the mint would do. With the paper silver certificate note now in circulation this money system would not be exactly correct, or correctly applicable to the present situation; these silver certificates should be made payable in silver in amounts thereof equal to the gold value of a dollar in silver, this system being, Gold with Silver ad valorum. This being a condition that could be made to exist, then why not legislate to give cheap silver a chance to increase money circulation. RICH AND POOR. Rich. Rubber coated, travel stained, Poor. Rich. Nor feared they envy some enjoy, Who can not buy so big a toy: The horse, the harness, oats, and hay, Till tramway trolleys yield the ways. When he had money to spend The blank walls seemed to draw To close out ever more Their room so high in air Was chill and small, and square, A few broke chairs were there With shining dishes over spread A table stood where wealth might tread, Seemed to breathe a stifled air, With this grandly silent throng Poor. Home again, faint, Rich, or Poor. Cold, and footsore, Into the cavernous maw Dull pain for heart and head. Their hands they might shake To go hungry away from the door, With a babble of sound And the banging of feet on the floor To soften their tread, For they feared no confusion or roar. A dreary life that we all might dread Is a life where no thought for our feelings is read. T GOVERNMENT In all governments. And errors storm. HE idea of this record, recording in this collection of essays, improvements in government throughout the United States of America, is not that the authors and signers of the declaration of independence and the national constitution did not exactly work on the right lines, but that those works do not apply to the work now (1905) most needed, which work must be mostly done locally. Ordinary honesty is always needed in the work, and methods of government officials, whether these officials be elected or appointed; this that the amounts of money collected from the people by taxation may become less and less as time goes along, so that the old |