If I am fortunate enough to leave a dollar when I die, I want it to be a good one; I don't wish to have it turn to ashes in the hands of widowhood, or become a Democratic broken promise in the pocket of the orphan; I want it money. I saw not long ago a piece of gold bearing the stamp of the Roman Empire. That Empire is dust, and over it has been thrown the mantle of oblivion, but that piece of gold is as good as though Julius Caesar were still riding at the head of the Roman Legion. I want money to that will outlive the Democratic party. They told us—and they were honest about it—they said, "when we have plenty of money we are prosperous." And I said: "When we are prosperous, then we have credit, and, credit inflates the currency. Whenever a man buys a pound of sugar and says, 'Charge it,' he inflates the currency; whenever he gives his note, he inflates the currency; whenever his word takes the place of money, he inflates the currency." The consequence is that when we are prosperous, credit takes the place of money, and we have what we call "plenty." But you can't increase prosperity simply by using promises to pay. |