PREFACE

The author of the present treatise were more than human did he not experience some slight misgivings upon this, his first introduction, to the reading public. The task he has undertaken is one of no little magnitude, and in its accomplishment he has been often reminded by well-meaning friends as well as ill-disposed enemies, that his chances of success are very small. The purpose had in view has been, in the first place, to furnish a correct and thoroughly reliable philosophy of money. Many of our most eminent statesmen freely confess themselves totally ignorant of the principles and economic laws of money; and when this is the case with statesmen, the condition of the common people in this respect must be deplorable indeed.

This work is intended not only to place within the reach of the people’s leaders the information required to dictate a sound financial policy, but also to furnish the bone and sinew of the country the knowledge necessary to recognize wise legislation, and prevent the adoption of measures which, though seemingly beneficial, must result in disaster. The author has fondly cherished the hope that this little treatise may pave the way for a currency reform in this country, the need of which no one can question who shall carefully consider the facts here presented. He realizes fully that no movement toward reform may be expected to originate among those who are well content that things should remain as they are, and he has, therefore, striven to reach by simplicity and homely illustrations the minds of his fellow-countrymen, whose labor he considers the source of all wealth, and whose labor alone he is firmly convinced should be made the standard of value in money.

No little assistance has been received from the Treasury Department, to whom thanks are due for the uniform promptness and courtesy with which all questions addressed to that department have been answered.

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