Gold Or Silver? ... a Discussion of Both Sides of the Question ..
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We accumulated a fund of gold ; we promised to pay the notes in coin. The notes had been depreciated during and after the war. We lifted them up by resumption in January, 1879, and from that day to this they have been of equal value with gold coin in any market of the world.
"We have pledged the faith of the United States that all forms of money shall be kept equal to each other. Thus far we have been able to maintain that pledge. Is it not a matter of pride to every American that our courage w...as demon- strated in war ; that our generosity and moderation were dis- played in peace; that our financial honor is untarnished and that our credit is equal to that of any nation in the world ?
" The free coinage of silver will break down all this. The Government will lose all control over the amount of money to be issued. This will depend upon the greed of bankers and bullion dealers. There will be no limit upon it except the vast quantity of silver in the world. All this will seek' our market as long as our silver dollar is worth more than the bullion in it.
What to read after Gold Or Silver? ... a Discussion of Both Sides of the Question ..?
You can find similar books in the "Read Also" column, or choose other free books by Miller, Marcus a to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
We accumulated a fund of gold ; we promised to pay the notes in coin. The notes had been depreciated during and after the war. We lifted them up by resumption in January, 1879, and from that day to this they have been of equal value with gold coin in any market of the world.
"We have pledged the faith of the United States that all forms of money shall be kept equal to each other. Thus far we have been able to maintain that pledge. Is it not a matter of pride to every American that our courage w...as demon- strated in war ; that our generosity and moderation were dis- played in peace; that our financial honor is untarnished and that our credit is equal to that of any nation in the world ?
" The free coinage of silver will break down all this. The Government will lose all control over the amount of money to be issued. This will depend upon the greed of bankers and bullion dealers. There will be no limit upon it except the vast quantity of silver in the world. All this will seek' our market as long as our silver dollar is worth more than the bullion in it.
What to read after Gold Or Silver? ... a Discussion of Both Sides of the Question ..?
You can find similar books in the "Read Also" column, or choose other free books by Miller, Marcus a to read onlineMoreLess
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