Wages, Fixed Incomes And the Free Coinage of Silver; Or, the Danger Involved in the Free Coinage of Silver At the Ratio of 16 to 1 ..
Wages, Fixed Incomes And the Free Coinage of Silver; Or, the Danger Involved in the Free Coinage of Silver At the Ratio of 16 to 1 ..
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Digitized by VjOOQ IC FRBB COINAGE OP SII.VBR. I07 price of silver that I want you to consider for a moment. During the very time that the price of silver was depreciating so rapidly, there was a large and steady buyer in the field — ^that is, Uncle Sam.
You and I and all the rest of the people of this country were loading ourselves down with silver bullion merely to * make a market ' for it, Sliver declines and please the mine owners of the West mspiUoi the \yy keeping up the price. And yet ou...r ^^°^ best eflForts in this direction failed to Pufchases made by the ^^P ^P ^^^ price. The production was Government so enormous, as the figures Barr has just read show, that the law of com- merce — the great law of supply and demand — simply said : * this can't be done ' — and no power of human legislation could do it then, or can do it now. Storey, when was the Bland bill made a law?** **In February, 1878, wasn't it?*' **Yes. And from that date until the passage of the Silver Purchase act in June, 1890, this Govern- ment was coining two million silver dollars every month.
What to read after Wages, Fixed Incomes And the Free Coinage of Silver; Or, the Danger Involved in the Free Coinage of Silver At the Ratio of 16 to 1 ..?
You can find similar books in the "Read Also" column, or choose other free books by Roberts, Isaac to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
Digitized by VjOOQ IC FRBB COINAGE OP SII.VBR. I07 price of silver that I want you to consider for a moment. During the very time that the price of silver was depreciating so rapidly, there was a large and steady buyer in the field — ^that is, Uncle Sam.
You and I and all the rest of the people of this country were loading ourselves down with silver bullion merely to * make a market ' for it, Sliver declines and please the mine owners of the West mspiUoi the \yy keeping up the price. And yet ou...r ^^°^ best eflForts in this direction failed to Pufchases made by the ^^P ^P ^^^ price. The production was Government so enormous, as the figures Barr has just read show, that the law of com- merce — the great law of supply and demand — simply said : * this can't be done ' — and no power of human legislation could do it then, or can do it now. Storey, when was the Bland bill made a law?** **In February, 1878, wasn't it?*' **Yes. And from that date until the passage of the Silver Purchase act in June, 1890, this Govern- ment was coining two million silver dollars every month.
What to read after Wages, Fixed Incomes And the Free Coinage of Silver; Or, the Danger Involved in the Free Coinage of Silver At the Ratio of 16 to 1 ..?
You can find similar books in the "Read Also" column, or choose other free books by Roberts, Isaac to read onlineMoreLess
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