The Silver Dollar a Business View
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In our eReader you can find the full English version of the book. Read The Silver Dollar a Business View Online - link to read the book on full screen. Our eReader also allows you to upload and read Pdf, Txt, ePub and fb2 books. In the Mini eReder on the page below you can quickly view all pages of the book - Read Book The Silver Dollar a Business View
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'' The only one that the gold-bug now advocates, as he sees that gold does not ^o away, is to claim that silver would be dumped upon us in case of a Free Coinage bill passing — and I will pass to this feature of the question.
WHY SILVER WOULD NOT BE DUMPED ON THIS '"'^UNTRY.
In the foregoing I have shown from the beit authority ob- tainable how much silvei' there is in the world used as money.
"GRESHAM'S LAW. " 31 The Treasury statement shows that England purchased §15, 066, 710 worth of silver... in iSgi. All of it bullion purchased for the purpose of paying India for wheat that England had bought from that country. If they had had a stock of bullion on hand they would not have purchased here.
Now, in regard to other nations sending us the silver thcv are using as money and replacing it with gold, I must say. Tiiat the men who advance that theor> must be a little more crazy than the gold men who threatened such dire disaster to the country if we coined silver.
The silver money of Europe is coined on the basis of a ratio of fifteen and one-half to one; our ratio, as before men- tioned, is sixteen to one, because, when the great and power- full nation (?) Portugal was overruled by Spain and France in the ratio of sixteen to one, they failed to change the ratio for the Colonies, and the silver in our dollar was based on the quantity of silver in the Mexican dollar.
What to read after The Silver Dollar a Business View?
You can find similar books in the "Read Also" column, or choose other free books by Edward Frederick Browne to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
'' The only one that the gold-bug now advocates, as he sees that gold does not ^o away, is to claim that silver would be dumped upon us in case of a Free Coinage bill passing — and I will pass to this feature of the question.
WHY SILVER WOULD NOT BE DUMPED ON THIS '"'^UNTRY.
In the foregoing I have shown from the beit authority ob- tainable how much silvei' there is in the world used as money.
"GRESHAM'S LAW. " 31 The Treasury statement shows that England purchased §15, 066, 710 worth of silver... in iSgi. All of it bullion purchased for the purpose of paying India for wheat that England had bought from that country. If they had had a stock of bullion on hand they would not have purchased here.
Now, in regard to other nations sending us the silver thcv are using as money and replacing it with gold, I must say. Tiiat the men who advance that theor> must be a little more crazy than the gold men who threatened such dire disaster to the country if we coined silver.
The silver money of Europe is coined on the basis of a ratio of fifteen and one-half to one; our ratio, as before men- tioned, is sixteen to one, because, when the great and power- full nation (?) Portugal was overruled by Spain and France in the ratio of sixteen to one, they failed to change the ratio for the Colonies, and the silver in our dollar was based on the quantity of silver in the Mexican dollar.
What to read after The Silver Dollar a Business View?
You can find similar books in the "Read Also" column, or choose other free books by Edward Frederick Browne to read onlineMoreLess
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