Silver in New York a Mass Meeting in Cooper Union October 27 1890 Address
Silver in New York a Mass Meeting in Cooper Union October 27 1890 Address
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To quickly assess the difficulty of the text, read a short excerpt:
As trade conditions now exist, our distributive share of the world's money is some $1, 500, 000, 000.
That is, that volume stays here as necessary to maintain the equilibrium of prices between this and other countries.
The tariff, undoubtedly, has something to do with the quantity of money that falls to us, or that stays here.
Now, if free coinage of silver should result in providing us with more silver than our share of the world's money, then gold will gradually leave us, and silver will take... its place. But the two metals will not "part company" until substantially all our gold has left us, and that will not be, and cannot be, till an equal amount of some other money has taken its place.
The notion that gold will go away and leave us at any time with less than our distributive share of the world's money, is preposterous, and utterly absurd is the other notion that $650, 000, 000 of gold, if we have so much, will suddenly take its flight, leaving us with a smaller volume of money, which smaller volume will fall to the silver level.
What to read after Silver in New York a Mass Meeting in Cooper Union October 27 1890 Address?
You can find similar books in the "Read Also" column, or choose other free books by A J Adoniram Judson Warner to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
As trade conditions now exist, our distributive share of the world's money is some $1, 500, 000, 000.
That is, that volume stays here as necessary to maintain the equilibrium of prices between this and other countries.
The tariff, undoubtedly, has something to do with the quantity of money that falls to us, or that stays here.
Now, if free coinage of silver should result in providing us with more silver than our share of the world's money, then gold will gradually leave us, and silver will take... its place. But the two metals will not "part company" until substantially all our gold has left us, and that will not be, and cannot be, till an equal amount of some other money has taken its place.
The notion that gold will go away and leave us at any time with less than our distributive share of the world's money, is preposterous, and utterly absurd is the other notion that $650, 000, 000 of gold, if we have so much, will suddenly take its flight, leaving us with a smaller volume of money, which smaller volume will fall to the silver level.
What to read after Silver in New York a Mass Meeting in Cooper Union October 27 1890 Address?
You can find similar books in the "Read Also" column, or choose other free books by A J Adoniram Judson Warner to read onlineMoreLess
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