It is Gold That Has Risen Not Silver That Has Fallen

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It is Gold That Has Risen Not Silver That Has Fallen
Robert W Robert William Hughes
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It would operate as potentially as any local measure is capable of doing to cut down the premium on gold, that curse of our times. But complete remedy can be supplied only by the co-operation of Great Britain and Germany, the two countries holding the great bulk of bonds of the world. Those are the true sources of effective relief. Full and final relief cannot be obtained in permanency until those countries cease to demand gold exclusively for their dues and consent to accept in some form and p...roportion the money which measures the wages of the laborers, the products of the industries, and the properties of the million.
WHAT SAYS ENGLAND ?
But there is no present probability that these great powers will make any concession of their legal rights. The last ut- terance of Great Britain on the subject was the declaration of the Royal Commission, which recently made exhaustive in- quiry into the subject and took proof mountain high of the necessity of abandoning the monometallic policy. That dec- laration was in these words : (See page 90, part second, of final report.


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