METALLIC VERSUS PAPER MONEY.

Dominion, Volume 7, Issue 2158, 26 May 1914, Page 6

METALLIC VERSUS PAPER MONEY.

SwypTho rfeeoiit succesabl passing o{ orged hank notes upon the puMic. liawis that notwithstanding the -p>rfeion to \yhieh niodei;iv engraving has atajned, the forgcFj Calling in tlie aid' of Cience,, caft, produce eetourahjn .imiiatons- that dety any hut the specialist o dotect. It has often occurred to me o ask; \\hy eanM m i haiti nictaltk ©kens ho substituted for the flimsy and dorfferous ta'lMiotes now in circu'kOur smaller coins of bronze and -siiver ;fe :b« tokens representing much 'mote. naii their intrinsic, value. Could the tysten! not he extended to represent tho ligher values? 'The W'ken% -ntight-'bo of alloys or different iiietals, <S ho Varied according to the derno.iii.uaii.on of tlieeoiii reprfrseitted. niakingeach laSs markedly different in, coiouie so is te be easy of identification, They ihould ho -.ininted in the highest styfo rd wt-, and of :sufeh ex«eeding hardness as ;o rsceivfi and re'tam th.6 keeridst impression, and so possess a much longer 'life" _'than the soft and ftasHy d e ; f.toed sovereign, the great saving to be efiected is obvious. Since the gernt theory 0,. disease has taken hold of the public inind,' hanksnotes- are. losked upon as a ■■certain ;inedran of iftfectjon.. i'lany people will not touch them, and the amsa'bej is steadily ijvojes'siiig. The aavantagfis J claim for : such a systeih of tdkciis over a note circulation are i- 1 -

1. . Cheapness. As the (joins would bs .rjfadticallj' inde.sfrudl* jble, their cost would .bo i;fio.reforo considerably less than that of jnaintaluipg a lib to 'circ'ttla'tion, .2, Qtoaujiuess, a deSid'etttu'm the iiu> jKirtaiico of wiuoh is daily iiici'easiiig in. Jfflbiio tistiin.ation, and is ..destined so to increase with adtaiachtg tei'iou'ledgc. (By. the Way, 1 hsiVe hoard that Certain business establtshhiefl.ts- iij Loiidou actually wash thqir coins before-' reissuing thoui ■to their cilstonierSij 3, Coirreivieuee. Being tuusli lighter : than gold,and silver corns, they could bo moreiconrcjijeatly Gtftfkd, i. Safety. 'I'kcy ■coiiid not he des.t*ayod by tire or Water; ajid in t'hft injpr.s'oahlft event <xf deiaec.niciitr, all assay ■WOuid help.to determine value. 'lhe.ro is-no rfcitson tfhy,in .addition to takiJtg ■tho placo of a lio'to isste, they shovilu : jftotajso be ■subs.ti.tiited lot the .gold .uwib- \ age, tho ooß'fc of tear «ud Wear of tho ' latter aauualty anjouutjhg 't<» a ctinfeidcra'Wft figure, w'hlch, sf cofltSc, eould bo stti/eil, ■' It may bo ittged that- .path tokoijE '■ eWd bo efrsjiy imitated by : tho fjauijAiiont coinot. f, contend, hofrev.oij ■tfiiVfc the, sc.ieueo Of niinslsniatics has ill o.u.p day att'ai.ued. 'to *uch a high ddgfeo .of pflrfeotjoa tiiat coai.it.effctt.tng siajjid bo,S6Uitferea alnioft . ninth nlorp .so th'a ; ii t'l'lQ tego.ry of 4 bank-note. 1 -am asvoro tlftiro Kre other ■.obsfcatl.os ( swolt, for mkUvhba;, as "use- and ■ waftt," certain. TeAted rights., etc,, that might intevoao ag;iiiiis(i th:si adoption of Iho ■stiggcMncl .i«provcto.c-)tt, waiieii Wqutd wiUw tho iißfr ourJ'ortoy."''a thing of beauty »J>d a joy iot attj etc., Stay '19, iSM.