11&1' 15th, 1921.
~?f lu'fC; fo~
&AI IS ~ SOlUPPS ~
For the past mon tlB.an six years I have been stwlJing a problem..
fhe problem 1&u
A PW.I.AR ;gJ mrmUG)lORE 2RQ'; SlDOL ~SmG Rm.AnYIU.
(f.b.e like thing can be sald Of the Frane, t.be Pound Sterling, the iliark.
mae Lira, the Kroll9n, the Draohma., or ~ other so called nat10nal uu1t of value.)
If rq house, aooording to my opinion and the genera.l op1n1on of the
pubJ.1e is five times more valuable than my ya.el1t 9 then m::r house is worth fift
yachts and 'I1!.:1 ~oht 1. worth one-fifth ot my Muse.
Q,UESTION: But what is rq ~t worth?
If I a.nd the gen.eral pubUo esteem it to be 80S valuable
a.s thirty thousand times as mUGh as the lumJ? of gold weighing 21.22 gt"&ins
(25.8 gra.ins 9/10 fine) then'lq yaohthas the same value a.s ~ thousand
1u:mpa of gold each of the weight of 21.22. gl'ains and each lUII,P of gold is worth
O'DG-'thirty-thousa.udth as muoh as my ~t.
By act of the Oongi-ess 6f the unite' Sta.te. a. 1'Q1l:p of gold weigh.iJ:ag
23.22 grains, atter 'Being properly atSDlped, 1. declared to be s. dollal".
But there 1s DO such. thing, I believe, HW 1:D. use as a piece or gold
Ohio University Libraries, E.W. Scripps Papers, MSS 117, Series 4, http://bit.ly/scripps_mss117