“Why, yes,” remarked Mr. Rabbit, “tell us about it. If calamus root passes current with some of my acquaintances and catnip with others, I see no reason why people shouldn’t play make-believe among themselves, and say that pieces of metal and pieces of paper are worth something. In this business people have a great advantage over us. They can put figures on their pieces of metal and paper and make them worth anything, but with us a joint of calamus root is worth just so much. It has been worth that since the year one, and it will be worth that right on to the end of things. Just so with a twist of catnip. But tell us the story—tell us the story. I may drop off to sleep, but if I do, that will be no sign that the tale isn’t interesting.”
“Well,” said Mr. Thimblefinger, “once upon a time there was a country in which money became very scarce. The people had a great deal, but they hid it in their stockings and in the chinks of the chimneys and in their teapots. The reason of this was that other countries close at hand made their money out of the same kind of metal, and they’d bring their goods in and sell them and carry the money off home with them.
“Of course this helped to make money scarce, and the scarcer it was the more the people clung to it, and this made it still scarcer. Naturally everybody kept an eye out in the hope of finding a supply of this metal.”
“What sort of metal was it?” asked Buster John.
“Gold,” replied Mr. Thimblefinger.
“Oh!” exclaimed Buster John, in a disappointed tone.
“Yes,” continued Mr. Thimblefinger, “nothing in the world but gold. Those who had money held on to it as long as they could, because they didn’t know how much scarcer it would be, and those who didn’t have any were willing to sell whatever they had for any price in order to get some.
“It was lots worse than playing dolls—lots worse. When children play make-believe with dolls, they soon forget about it; but when grown people begin to play make-believe with money, they never get over it. The wisest men get their heads turned when they begin to think and talk about money. They have forgotten that it was all a make-believe in the beginning.”
Here Mr. Rabbit yawned and said: “You’ll have to excuse me if I nod a little here.”
“Yes,” remarked Mrs. Meadows, “I feel a little sleepy myself, but I’ll try to keep awake for the sake of appearances.”