The Silver Question is Free Coinage Safe Desirable Or Just Effects of Exper
The Silver Question is Free Coinage Safe Desirable Or Just Effects of Exper
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In our eReader you can find the full English version of the book. Read The Silver Question is Free Coinage Safe Desirable Or Just Effects of Exper 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 Question is Free Coinage Safe Desirable Or Just Effects of Exper
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To quickly assess the difficulty of the text, read a short excerpt:
The course of government first becomes clear, when it ceases to listen which party can utter the loudest cry, but considers only the Counsels of Justice. Justice of the bandaged eye Justice with partiality for no class to that arbi- ter alone let us listen. What has Justice to say to the scheme of making all debts payable in silver, coined in unlimited quantities for the sole benefit of the hold- er of the bullion, a dollar for every 412^ grains?
Were it true, as we are told by the unlimited-co...inage schemers, that both metals together formed our standard of value until 1873, at which date one of 17 them was "demonetized" by a "crime" of some kind against it, the answer might be different. But since that is not true ; since neither our own nor any nation has ever had at the same time two standards of value though its laws have been such as to allow a change from one standard to another, as circumstances of pro- duction changed ; since silver was not demonetized by the Mint Act of 1873, i ts use as money having at once largely increased under that very Act ; since gold has been in fact our standard uninterruptedly from 1834 to the present hour, ex- cepting the seventeen years when we were forced to make all values depend on the prospect of obtaining gold for a gevernment proruse to pay it; in view of this state of facts, there can be no serious question that existing contracts are based on gold values, and that only gold or some accepted representative of gold can justly discharge them.
What to read after The Silver Question is Free Coinage Safe Desirable Or Just Effects of Exper?
You can find similar books in the "Read Also" column, or choose other free books by Arthur B Farquhar to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
The course of government first becomes clear, when it ceases to listen which party can utter the loudest cry, but considers only the Counsels of Justice. Justice of the bandaged eye Justice with partiality for no class to that arbi- ter alone let us listen. What has Justice to say to the scheme of making all debts payable in silver, coined in unlimited quantities for the sole benefit of the hold- er of the bullion, a dollar for every 412^ grains?
Were it true, as we are told by the unlimited-co...inage schemers, that both metals together formed our standard of value until 1873, at which date one of 17 them was "demonetized" by a "crime" of some kind against it, the answer might be different. But since that is not true ; since neither our own nor any nation has ever had at the same time two standards of value though its laws have been such as to allow a change from one standard to another, as circumstances of pro- duction changed ; since silver was not demonetized by the Mint Act of 1873, i ts use as money having at once largely increased under that very Act ; since gold has been in fact our standard uninterruptedly from 1834 to the present hour, ex- cepting the seventeen years when we were forced to make all values depend on the prospect of obtaining gold for a gevernment proruse to pay it; in view of this state of facts, there can be no serious question that existing contracts are based on gold values, and that only gold or some accepted representative of gold can justly discharge them.
What to read after The Silver Question is Free Coinage Safe Desirable Or Just Effects of Exper?
You can find similar books in the "Read Also" column, or choose other free books by Arthur B Farquhar to read onlineMoreLess
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