The Fifty Cent Dollar a Brief History of the Financial Agitation Legislation
The Fifty Cent Dollar a Brief History of the Financial Agitation Legislation
Neil W Carothers
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On the other hand, merely to destroy the THE FIFTY-CENT DOLLAR. 85 existing supply of wheat bread would only produce temporary straits until more wheat might be ground. The government has not destroyed any of the existing supply of silver money (by denying it legal tender quality), but it is doing as bad or worse, in declaring against the coining of silver in the future. We hear no promise in behalf of silver from those who secured existing legislation. And we are to-day without any law by whic...h to replen- ish our future money supply with silver. While the present supply is being worn out and destroyed, we are increasing in population at the rate of more than a million souls a year. With the silver supply being reduced, popula- tion increasing, and gold constantly going out of the country, is it difficult to perceive the quiet, eat- ing process of contraction that has been provided for our once active, prospering and developing country? Q. When the term free coinage is used, is it meant that the government should coin silver and not charge seigniorage or mintage?
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