The Bimetallic Controversy a Span Classsearchtermspan Classsearchterm

Cover The Bimetallic Controversy a Span Classsearchtermspan Classsearchterm
The Bimetallic Controversy a Span Classsearchtermspan Classsearchterm
Henry Hucks Gibbs
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" Doubtless it is impossible to guarantee that no one shall secede, but we think we shall prove that it is in the highest degree unlikely that there should be any such secession first, because it would be to no one's interest to secede, and second because it would be an operation of extreme difficulty. Moreover, we shall show that if such secession were accomplished it would not break up the league', and would indeed be of very little moment. How would a nation intending to secede from such a L...eague set about it. The, changing from one metallic standard to another would be comparatively a very easy undertaking, though extremely costly to the Government which undertakes it. The discarded metal is called in, paid for in the adopted metal, and sold in other countries at a loss, yet Germany, even though aided by the enormous inpouring of gold from Mr. H. II. GiM*. 980 tip 1 Fivncli indemnity has lately found that however easy it may be to undertake such an operation it is exceedingly difficult to carry it through* The changing from a paper currency to a metallic one is extremely easy, but very costly either to the Government which makes the change, and through them to the people who pay for it in taxes, or else directly to the debtor class.

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