Free Coinage And a Self Adjusting Ratio a Paper Read Before the Philadelphia So
Free Coinage And a Self Adjusting Ratio a Paper Read Before the Philadelphia So
Balch, Thomas, 1821-1877
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" The Fall in Silver, by Ernest Seyd, 1876. But Mr. Seyd has here fallen into an error. The "Trade Dollar" is merely the "small bar" of which Mr. Hooper spoke. (See further on. ) It was for China and the East, and did not affect the status here. It was the law of 1834 to which Mr. Seyd's observations should have been directed. George Walker follows Mr. Seyd. ^' 1695-1727; as far back as I can trace the exodus of silver from England, seems to have set in in Newton's day, about 1716; but the matt...er is obscure. FREE COINAGE AND A SELF-ADJUSTING RATIO. 17 pool addressed a Letter to the King (May 7, 1805), in which he pointed out, as Locke had done in 1691, the defective state of the silver coinage, and argued in favor of gold as the money of the realm, and silver as sub- sidiary coin. Lord Ashburton^^ characterizes "as very foolish" the principal reason given by Lord Liverpool, "that the richest country should have the most expen- sive metal for its money. " M. Chevalier criticises the unfair (though not intentionally so) way in which Lord Liverpool estimates the "variations which gold and silver commodities had undergone.
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