Coinage of Silver Dollars
Coinage of Silver Dollars
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In our eReader you can find the full English version of the book. Read Coinage of Silver Dollars Online - link to read the book on full screen. Our eReader also allows you to upload and read Pdf, Txt, ePub and fb2 books. In the Mini eReder on the page below you can quickly view all pages of the book - Read Book Coinage of Silver Dollars
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Do we not export more than we ever before exported? Is not the balance of trade in our favor? And if all this be true with a home currency of inconvertible paper money how can any man who has the faculty of thought seriously believe that our condition would be worse with an ample basis of metallic money to support our paper issues ?
The national credit destroyed! How destroyed I By complying to the letter with our national obligations ; by paying precisely as we promised to pay ? Sir, when silv...er was demonetized it was worth more than gold. We seemed to have elected to pay our obligations in the cheaper metal. Did that destroy the national credit ?
England, in 1816, adopted the single gold standard when gold was cheaper than silver. Did that destroy her credit, did that humiliate and degrade her in the eyes of the civilized world ?
No, Mr. President, the United States need no such prop as the single gold standard to support their credit. The resources of this country are too great and too well known, her fidelity to her obliga- tions has been too well proved, for her credit to suffer by her return to her ancient, constitutional, and well-approved policy.
What to read after Coinage of Silver Dollars?
You can find similar books in the "Read Also" column, or choose other free books by Allen Granbery Thurman to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
Do we not export more than we ever before exported? Is not the balance of trade in our favor? And if all this be true with a home currency of inconvertible paper money how can any man who has the faculty of thought seriously believe that our condition would be worse with an ample basis of metallic money to support our paper issues ?
The national credit destroyed! How destroyed I By complying to the letter with our national obligations ; by paying precisely as we promised to pay ? Sir, when silv...er was demonetized it was worth more than gold. We seemed to have elected to pay our obligations in the cheaper metal. Did that destroy the national credit ?
England, in 1816, adopted the single gold standard when gold was cheaper than silver. Did that destroy her credit, did that humiliate and degrade her in the eyes of the civilized world ?
No, Mr. President, the United States need no such prop as the single gold standard to support their credit. The resources of this country are too great and too well known, her fidelity to her obliga- tions has been too well proved, for her credit to suffer by her return to her ancient, constitutional, and well-approved policy.
What to read after Coinage of Silver Dollars?
You can find similar books in the "Read Also" column, or choose other free books by Allen Granbery Thurman to read onlineMoreLess
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