When a dollar is
not always a dollar, when the 100-cent dollar becomes the 65-cent
dollar, and then the 50-cent dollar, and then the 47-cent dollar, as the
good old American gold and silver dollars did, what is the use of
yelling about "cheap money," "depreciated money"? A dollar that stays
100 cents is as necessary as a pound that stays 16 ounces and a yard
that stays 36 inches.
The bankers who do straight banking should regard themselves as
naturally the first men to probe and understand our monetary
system--instead of being content with the mastery of local banking-house
methods; and if they would deprive the gamblers in bank balances of the
name of "banker" and oust them once for all from the place of influence
which that name gives them, banking would be restored and established as
the public service it ought to be, and the iniquities of the present
monetary system and financial devices would be lifted from the shoulders
of the people.
There is an "if" here, of course. But it is not insurmountable. Affairs
are coming to a jam as it is, and if those who possess technical
facility do not engage to remedy the case, those who lack that facility
may attempt it.
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