Speeches On Remonetization of Silver And Resumption
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I J But if it should turn out that our silver is really over-valued, ' which I do not believe, the ratio itself can be changed after a full opportunity to observe the course of exchanges, and the effect of remonetization. ~" As'lsIIver was not over-valued in 1873 and 1874, when ifwas demonetixed, and as the new pro- duct of silver has since that time been less than that of gold, the presumption is that it is not over-valued now, and we are bound out of a decent respect for ourselves and our nat...ional interests, to try it.
There is not likely to he so much difficulty in fixing and main- taining the proper ratio between gold and silver as some have supposed, for the reason that if the Government establishes, as it has done, a ratio which it regards as correct, and which is not in fact, far from correct, the miners themselves will help to keep them /;/ equilibria. If it shall be more profitable to mine gold, they will let the silver mines rest, and 1'icc rcrsa. So potent is law on this subject, that a concurrence of the nations in establishing a ratio would make it permanent and universal, and both metals would circulate freely.
What to read after Speeches On Remonetization of Silver And Resumption?
You can find similar books in the "Read Also" column, or choose other free books by Alphonso Taft to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
I J But if it should turn out that our silver is really over-valued, ' which I do not believe, the ratio itself can be changed after a full opportunity to observe the course of exchanges, and the effect of remonetization. ~" As'lsIIver was not over-valued in 1873 and 1874, when ifwas demonetixed, and as the new pro- duct of silver has since that time been less than that of gold, the presumption is that it is not over-valued now, and we are bound out of a decent respect for ourselves and our nat...ional interests, to try it.
There is not likely to he so much difficulty in fixing and main- taining the proper ratio between gold and silver as some have supposed, for the reason that if the Government establishes, as it has done, a ratio which it regards as correct, and which is not in fact, far from correct, the miners themselves will help to keep them /;/ equilibria. If it shall be more profitable to mine gold, they will let the silver mines rest, and 1'icc rcrsa. So potent is law on this subject, that a concurrence of the nations in establishing a ratio would make it permanent and universal, and both metals would circulate freely.
What to read after Speeches On Remonetization of Silver And Resumption?
You can find similar books in the "Read Also" column, or choose other free books by Alphonso Taft to read onlineMoreLess
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