A Primer of Finance An Honest Dollar the Basis of Prosperity

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19 . 87 I87I 107 61 15-57 1. 0257 1883 95 "5 18. 64 . 85 1872 99 65 15-63 1. 0225 1884 lOI 105 18. 57 . 86 1873 96 81 15. 92 1. 0046 1885 108 118 19. 41 . 82 1874 90 71 16. 17 . 98 1886 106 120 20. 78 . 76 187s 97 80 16. 59 . 96 1887 105 124 21. 13 -75 1876 103 87 17. 88 . 89 1888 no 140 21. 99 •72 1877 114 81 17. 22 . 92 1889 123 162 22. 09 -72 1878 119 95 17. 94 . 89 1890 118 172 19. 76 . 81 1879 109 96 18. 40 . 86 I89I 130 177 20. 92 . 76 1880 106 96 18. 88 . 88 1892 146 197 23. 72 . 67 188I... 103 102 18. 16 . 88 1893 155 208 26. 49 . 60 1894 180 215 3256 •49 2. A Possible Solution. — It is evident, however, that, if the annual sur- plus product were apportioned among the nations of the commercial world by an international agreement, the burden, which would crush the shoulders of a single giant, might be carried without great danger. It would, of course, expand the currency of the world, but it would do so uniformly and equably. Judging from the results of the International Monetary Conferences held in 1878, 1881, and 1892, no nation of Europe is desirous of abandoning the gold standard, or of inflating its currency by a larger use of silver.

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