Before we separate, I want to read to you what Webster says currency is, because I want you to be thinking over the matter in the mean time. Webster says:
"Currency is the state or quality of being current; a continual course or passing from person to person or hand to hand; general acceptance; circulation."
Mr. Laboringman: You mean something that everyone takes and is glad to get.
Mr. Lawyer: Precisely so; it is that which is in circulation, or is given and taken as having value, or is representing value, as the currency of the country.
If we all keep this definition in mind, we shall have very little trouble next Wednesday evening in agreeing upon what currency is, and what it ought to be.
Uncle Sam: I want you men to remember one thing, and that is this, that we want no currency in this country that isn't as good as gold, and currently redeemed in gold coin to prove it. Nothing will satisfy Uncle Sam but the best, and don't you forget it. On top of that I want to plant another proposition, and that is this: It's not my business to be exchanging gold for that currency either. Compel the banks to do that, for that is their business.
But first, we will settle what our currency is, and what it ought to be.
Good Night.