Our money is not measured by Gold—Gold is measured by it.
Victoria C. Woodhull
The Public Record
Victoria Claflin Woodhull, later Victoria Woodhull Martin, was an American leader of the women's suffrage movement who ran for president of the United States in the 1872 election. While many historians and authors agree that Woodhull was the first woman to run for the presidency, some disagree with classifying it as a true candidacy because according to the Constitution she would have been too young to be president if elected.
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In all seasons of financial distress, gold, as a standard, has failed.
Gold is relatively valuable for the general uses it can be made to subserve; so, too, and only so, are all other products.
That kind of money which has elasticity, that will be plenty when business is active, and that can be readily put to other use for profit when business is less demanding, is the kind the prosperity of a country demands.
Now, what we require is a measure of values of just as fixed and absolute a character as any of these.
What is seen is not the reality, but that through which the reality makes itself known.
In such a condition of things, courts of justice, with all their attendant judges, bailiffs and attorneys-at-law, would find their occupation gone.
I have deliberately and of my own accord placed myself before the people as a candidate for the Presidency of the United States, and having the means, courage, energy and strength necessary for the race, intend to contest it to the close.
At no time since the close of the Revolutionary War has there been a time more fitting and inviting for such a work.
Whatever may have been the arguments favorable for the continuance of the institution of slavery, the destruction of it has rendered them nugatory, and but few of those who once used them could now be found to favor its resurrection.
With its destruction the lives of two great political parties passed away, and left the people with no distinct lines of demarkation.
Charity, with its long cloak of justice escaped, has long enough covered a multitude of sins.