Object Lessons Short Chapters On Finance Money Legislation And the General
Object Lessons Short Chapters On Finance Money Legislation And the General
George G Merrick
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71 else to accomplish that result, and the de- monetization act of the Revised Statutes was an illegal and unconstitutional consummation of the fraud. I want to restore that money to where it was before, and thus aid in pre- venting the consummation of their designs. " (Speech by Senator Beck of Kentucky, page 258, "Congressional Record, " Jan. 11, 1878. ) John G. Carlisle, on Feb. 21st, 1878, at that time a member of Congress (House) from Kentucky, now Secretary of the Treas- ury, when speakin...g upon the Bland Bill of 1878, used the following prophetic words : "I know that the world's stock of precious metals is none too large, and I see no reason to apprehend that it will ever become so. Mankind will be fortunate, indeed, if the an- nual production of gold and silver coin shall keep pace with the annual increase of popu- lation, commerce and industry. According to my view of the subject, the conspiracy which seems to have been formed here and in Europe to destroy by legislation and other- wise from three-sevenths to one-half of the metallic money of the world, is the most gi- gantic crime of this or any other age.
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