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Updated: May 20, 2025
It is assumed that some standard is indispensable; it is asserted to be the imperative duty of governments, if they would not make their exactions of taxes arbitrary, unequal, and oppressive, if they would render the dealings of individuals mutual and just, if they would preserve the property and labor of their subjects from the merciless caprices of the powerful, and keep society from reverting to a more or less barbarous state, to supply a fixed and equable money-measure; and the majority of the governments have selected gold and silver as the best.
All this is very different from the raising of apples by means of tractors and other machinery, gangs of pruners and pickers, broadside extensive methods, with highly organized systems of handling and marketing, in all of which the money-measure is the chief consideration.
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