Concerning Cash. Question. What is cash? Answer. Cash may be described as comfort in the concrete. Q. Is it not sometimes called "the root of all evil"? A. Yes, by those who do not possess it. Q. Is it possible to live without cash? A. Certainly—upon credit. Q. Can you tell me what is credit? A. Credit is the motive power which induces persons who have cash, to part with some of it to those who have it not. Q. Can you give me an instance of credit? A. Certainly. A young man who is able to live at the rate of a thousand a-year, with an income not exceeding nothing a month, is a case of credit. Q. Would it be right to describe such a transaction "as much to his credit"? A. It would be more precise to say, "much by his credit;" although the former phrase would be accepted by a large class of the community as absolutely accurate. Q. What is bimetallism? A. Bimetallism is a subject that is frequently discussed by amateur financiers, after a good dinner, on the near approach of the coffee. Q. Can you give me your impression of the theory of bimetallism? A. My impression of bimetallism is the advisability of obtaining silver, if you cannot get gold. Q. What is the best way of securing gold? A. The safest way is to borrow it. Q. Can money be obtained in any other way? A. In the olden time it was gathered on Hounslow Heath and other deserted spots, by mounted horsemen wearing masks and carrying pistols. Q. What is the modern way of securing funds, on the same principles, but with smaller risk? A. By promoting Companies and other expedients known to the members of the Stock Exchange. |