The Ways and Means of Payment
Colwell, Stephen![The Ways and Means of Payment](https://support.digitalhusky.com/media/annotations/sorted/186/18634778/CHSBZCOP0318634778.jpg)
Excerpt from The Ways and Means of Payment: A Full Analysis of the Credit System, With Its Various Modes of AdjustmentMoney, by which we intend coins of gold or silver, is neither a standard of value, a measure of value, nor a representative of value.The precious metals are commodities of value, and do not, of course, lose that quality, though they gain another, by being coined. They become, by coinage and the law of legal tender, a standard o...