Theodore Jerolaman

History and Science of Money

Piracy of the gold standard fully exposed

Bellevile, N.J.

golden calf I would rather be the man to free the humblest toiler in the land
From galling fetters which selfish greed has environed him about,
And sink into an obscure grave, unnoticed and unsung,
Than to outrank imperial Cæsar, laurel-crowned
And borne triumphantly aloft ’mid applauding multitudes,
With countless slaves chained to triumphal car,
And have for sepulchre grandest mausoleum ever reared to Egyptian king.

By far the most valuable practical knowledge that can illumine the mind of man, is that concerning money.  A correct knowledge of its principles and operations is worth more to the merchant and the man of enterprise than the capital invested in his business, and to the farmer, the artisan, the salary or wage-laborer, than the outcome of ten years of his toil.  Yet, even among merchants and those who conduct the great enterprises of the country, hardly one in a thousand has any real and correct knowledge of a matter which, more than all others, should receive their profound study.  It is almost universally true that that which is counted as a knowledge of money in reality is ignorance of the grossest character.  Out of that ignorance I have spoken things of which I am now ashamed and greatly grieved, and which I shall undo if life and the opportunity are spared me. —WEBSTER.

And I sincerely believe, with you, that banking establishments are more dangerous than standing armies ; —Thomas Jefferson to John Taylor, May 28, 1816
It is raising up a moneyed aristocracy in our country which has already set the government at defiance, —T.J. to Josephus Stuart, May 10, 1817.
Bank paper must be suppressed, and the circulating medium must be restored to the nation to whom it belongs. —T.J. to John Eppes, September 11, 1813.
Let banks continue if they please, but let them discount for cash alone or for treasury notes. —T.J. to John Eppes, September 11, 1813.