“SO LONG AS IT DOES.”

Waikato Times, Volume 117, Issue 18589, 30 May 1935, Page 9

“SO LONG AS IT DOES.”

, (To the Editor.) * Sir, —-Mr James is not offended with ' Mr Earle Valle; In fact, the writer Is * enjoying himself. I admire Mr Vailc, ' because I think he is typical of a I “fine old English gentleman" and an example of that glorious stock of England, a real Tory, of which stock I , also have the stream running In my I i veins. In debate lie Is courteous and ! plain-spoken, without being offensive; . and I trust my steel Is as true as his ; steel—a foeman of worthy calibre. ’ Mr Valle is under a misapprehension i regarding the Douglas Social Credit , supporters. They are not Socialists. I I The movement contains all shades of [ j opinion—political, religious and social; , j hence It Is not a party, like the , j Socialist Party or the Tory Party—it ’ j embraces all. | I disagree with Mr Vaile over his • statement about. cowrie shells, etc. ■ Whether in the eyes of Mr Vaile they : were bad money, they served their 1 purpose and the purpose of money, i The parties had confidence In these tokens, and they did permit the exi change of goods from purchaser to i seller, the same as a spurious halfI crown circulating to-day. The token, whether good or bail, did exchange, so proving my contention that it matters not what money is, so long as it doesDoes Mr Vaile realise that we, as a Dominion and the British Empire, aro off the gold standard? Mr Vaile is in error attributing a variable 111 to the Douglas advocates. Wo require [ 111 to be ill, not as it is to-day, £1 ' j worth only about 2s, which varies daily. Again, Hie Douglas £1 would naturally bo based on labour as re- .! fleeted in the production of real ; j wealth, not on a fictitious financial £1 [ based on something the financiers call ; ! sterling. ; Mr Valle refers to printing presses i and bates of notes. Even Mr Valle’s ; , Bank of England notes of any denomi- ; | nation cost Ihe same to produce, so ' j do the iOs, £1 and £SO Reserve Bank | notes of New Zealand. They all cost 1 i about 2d per dozen. ' Put. Mr Vaile on a desert island ■ | with one bag of genuine Bank of England notes, another hag with genuine golden sovereigns, and natives that • know not English, and a bountiful ; supply of natural fruits. What are ' Ids bags of genuine money worth, ■ i and would he starve? The natives ■ I would not accept his hags of money, , : because they do not know the value"; i hut 1 reckon Mr Vaile would drop t those bags and obtain that fruit if he $ were hungry. So why bother about j a little piece of paper with ink . splashed all over il? Under those cir--1 cumstances his pieces of metal and . paper arc worthless.—l am, etc., MARCUS JAMES. ! Hamilton, May 29, 1935.