CHAPTER X. THE NEW CURRENCY.

Trade is very brisk with the photographers. All persons between the

ages of twenty-one and sixty-five years, that is to say, all those who

are not inmates of State establishments, have received instructions

to have their likenesses taken. This step is an essential part of the

Government plan for the introduction of the new currency. The old

system of bank-notes and coins is to be abolished, and so-called money

certificates issued instead.

In a leading article on this innovation, the _Onward_ very truly

remarks that the Minister of Exchange has displayed much sagacity and

prudence in solving the problem of procuring a means of exchange which

shall fulfil all the legitimate duties of such a medium, and at the

same time not allow of the resuscitation of a capitalist class. Unlike

gold and silver, the new currency possesses no intrinsic value, but it

consists simply of orders or cheques drawn on the State as the sole

possessor of all articles of sale.

Every labourer in the service of the State receives once a fortnight

a series of money certificates in the form of a coupon booklet. The

name of each holder is printed on the cover, and with a view to

preventing the use of the coupons by other persons, it is enacted that

the photograph of every individual holder be attached to his book

of coupons. It is evident that the Government orders regulating the

hours of labour for all persons alike, and prescribing for all persons

the same scale of remuneration, will prevent the return of social

inequalities consequent upon the gradations of faculty possessed by

different people, and the use made of these faculties. But, in addition

to this, care must be taken to prevent, through inequalities in the

scale of consumption, all accumulations of value in the hands of such

persons as are of a thrifty turn, or whose requirements are small. This

was a self-evident danger, and, if disregarded, would in due time have

the effect of producing a capitalist class, which would, by degrees,

bring into subjection those less thrifty persons who were in the habit

of consuming all their income.

To obviate the misappropriation and misuse of money certificates, it

is expressly understood that coupons are not, under any circumstances,

to be detached by the holders, but that they only then have their

representative value when detached by the State vendors or other

similar officials appointed for this purpose.

All payments are to be made on the spot in coupons. Thus, for instance,

it is the business of the hall porter, stationed in each house, to

detach daily a dwelling’s coupon from the booklet of each person

resident in the house.

The new distribution of dwellings is to take place immediately before

the opening of the State cookshops, an arrangement by which the further

necessity for private kitchens will be obviated. When these are opened,

the equivalent for a dinner will be detached by the Government official

in the shape of a dinner coupon; that for the allowance of bread (one

pound and a half daily, per head), in the shape of a bread coupon,

and so on. The several coupons in the booklets represent, of course,

different values, very considerable latitude being left to the taste of

each holder as to how he likes to employ his coupons. All purchases are

to be made at the State magazines and shops, and care is to be taken

that the vendors in every case detach none but coupons of exactly the

right value.

As each coupon bears the same number as the outside cover, and every

holder is entered in the Government registry, it is an easy matter at

any time to learn from the collected coupons the way in which each

person has expended his income. The Government is thus, at any moment,

in a position to observe whether persons spend their income on dress,

or on eating and drinking, or how they spend it; and knowledge of this

kind must materially lessen the difficulty of regulating production and

consumption.

Every purchaser has the fullest liberty either to apply to his own use

such wares as he has obtained in exchange for coupons, or to resign

them to the use of other persons. Nay, he may even bequeath things

to others. The calumny that has often been hurled at Socialism, that

it aims at the distinction of all private property, is thus, as the

_Onward_ pointedly shows, fully refuted, and refuted in a manner that

ought to make the enemies and calumniators of Socialism blush with

shame. Socialism never wished for more than to see such bounds set to

individual caprice as should prevent the formation of private capital,

and of a system of plundering.

Those persons who, at the expiration of the fortnight, have not used

up all their coupons, get the remnant entered to their credit in the

new booklet. But, of course, even here it is necessary to draw the

line somewhere, and to concert measures to prevent these successive

remnants heaping themselves up to actual capital. A sum of sixty marks

is regarded as being more than sufficient to enable its possessor to

indulge himself in the gratification of all reasonable desires. Any

more considerable savings than sixty marks are forfeited to the State.

Pictures of the Socialistic Future (freely adapted from Bebel) · 第 10 / 34 章