A Silver Symposium; Being an Analysis of the Money Issue. Containing Vital Facts on Free Coinage with Unanswerable Questions Affecting This Campaign

A Silver Symposium; Being an Analysis of the Money Issue. Containing Vital Facts on Free Coinage with Unanswerable Questions Affecting This Campaign

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This historic book may have numerous typos and missing text. Purchasers can download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1896 edition. Excerpt: ... as gold was the cheaper metal already and as the silver in the fifties went for coinage only to the silver monometallic countries, it assisted in keeping down the price of silver from a still further advance, and thus in relatively keeping up the price of gold. While thus displaying his confused idea of the action of the law of real bimetallism, Mr. J seems to have a suspicion that he is not on strong ground, for he finally lands on the assertion that "the law of 1873 did wipe out half the redemption money of the world." This remarkable extension of the powers of Congress to legislate on the coinage of the' whole world may not Jar the free silverite faith ip its own arguments. But it may suggest to the impartial mind the fact which The Dispatch has been urging, that the action of a country which had no silver did not wipe out any silver money, and that the only thing the United States has done in connection with the disuse of silver was to immensely increase its use by the act of 1873, as well as subsequent acts. It is but just to say that Mr. J 's challenge to produce a Journal giving an account of the demonetization of silver was written and sent to The Dispatch before we had proved from the Congressional Globe, published at the time, and furnished to every man who desired to follow the course of legislation, that the silver coinage which the United States actually used was demonetized in 1853; was demonetized because it was the dearest metal; and was demonetized on the plain and practically unanimous avowal of establishing the single gold standard; that in 1873 all that was demonetized was the coin that had never constituted one in?100 of our coinage; and that this was clearly stated in the debates in the presence of men...show more

Product details

  • Paperback | 58 pages
  • 189 x 246 x 3mm | 122g
  • Rarebooksclub.com
  • Miami Fl, United States
  • English
  • black & white illustrations
  • 1236542274
  • 9781236542274