The Impersonal Life

by Joseph Sieber Benner

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the_gold_standard

The Inner Life

THE HERALD OF THE NEW AGE | MARCH 1934

THE GOLD STANDARD

IN VIEW of the possible remonetization of silver, and what has happened to the Gold Standard in this country, the following will prove of deep interest to our readers. The italics are ours.—THE EDITOR.

IN 1865 an editorial appeared in the London Times, commenting upon the adoption of the “Legal Tender act” by the United States Congress: “If that mischievous financial policy which has had its origin in the North American Republic during the late war (1861-1865) should become indurated down to a fixture, then that government will furnish its own money without cost; it will pay off its own debts, and be without debt. It will have all the money necessary to carry on its commerce. It will become prosperous beyond precedent in the history of the world. The brains and the wealth of all countries will go to North America. That government must be destroyed, or it will destroy every monarchy on this globe.”

These ideals have not yet been fulfilled, but when they are, not a monarchy will be left in the world, for the Principles of free government are for all humanity, and are decreed by a Power against which men cannot stand.

It was in 1869 that the plot was hatched in England by which the Gold Standard would be the favorite money of the U. S. and stand as a reserve for all leading governments. England had been on a gold standard since 1816 and meant to see that any other promising nation, such as the U. S. would be so pivoted financially. The plot centralized about demonetizing silver and upholding Gold as the Standard of value. In this way England could buy


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