Papers and Addresses Before the First National Silver Convention: Held at St. Louis, November 26, 27 and 28, 1889 ...E. A. Elliott |
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Papers and Addresses Before the First National Silver Convention: Held at St ... A. J. Warner,E. A. Elliott No preview available - 2008 |
Papers and Addresses Before the First National Silver Convention: Held at St ... E. An; Elliott No preview available - 2016 |
Common terms and phrases
33 per cent American amount annual annum Applause appreciation of gold basis bi-metalism bondholders bonds bullion bullion value bushel cause coinage of silver commercial contraction Convention crease creditor currency debtor demand demonetiza demonetization of silver demonetize silver depreciation economists England Europe exports fact fall in prices farmer favor free coinage gold and silver gold price gold standard hundred increase India industrial interest John Doniphan labor Latin Union legal tender legislation manufactured measure ment millions mines mints monetary money metal monometal ounce period population power of gold precious metals price of silver prosperity purchasing power quantity question ratio restore Royal Commission silver coin SILVER CONVENTION silver dollar silver miner silver standard standard of values supply of gold things tion to-day trade Treasury United value of gold value of money value of silver volume wealth wheat wheat and cotton worth
Popular passages
Page 4 - We reaffirm the demand for the reopening of the mints of the United States to the free and unlimited coinage of silver and gold at the present legal ratio of 16 to 1...
Page 88 - I of gold, would in our opinion, be likely to affect the price of silver in the market generally, whoever the purchaser and for whatever country it was destined. It would enable the seller to stand out for a price approximating to the legal ratio and would tend to keep the market steady at about that point.
Page 39 - This bill proposes a silver coinage exactly the same as the French, and what are called the associated nations of Europe, who have adopted the international standard of silver coinage; that is, the dollar provided for by this bill is the precise equivalent of the five-franc piece.
Page 91 - On the Probable Results of an Increase in the Purchasing Power of Gold," rather than the use of the more technical term, "The Appreciation of Gold.
Page 41 - ... payable in either gold or silver, at the option of the debtor, into a contract payable in gold alone.
Page 63 - When, except when, day after day, month after month, and year after year, it is measuring out about the same aggregate amount of goods, as a
Page 66 - ... precious metal in recent years. This investigation has been ordered upon the recommendation of the Commission on the Depression of Trade ; and the plan of inquiry is given in the Minute with some detail, under two general heads. The new Commission are to inquire (1) whether recent changes of value are due, — 1. To the depreciation of silver ; or 2. To the appreciation of gold ; or 3. To both causes.
Page 87 - ... fixity in the relative value of gold and silver and one of marked instability is the year when the bimetallic system, which had previously been in force in the Latin Union, ceased to be in full operation; and we are irresistibly led to the conclusion that the operation of that system, established as it was in countries, the population and commerce of which were considerable, exerted a material influence upon the relative value of the two metals. " So long as that system was in force we think...
Page 84 - ... of silver, and thus displacing silver from the position (which it has always occupied) of doing the work of the currency over at least as large an area as gold, no possible limits could be assigned to the further fall in its value which would inevitably take place...
Page 87 - Now, undoubtedly the date which forms the dividing line between an epoch of approximate fixity in the relative value of gold and silver and one of marked instability is the year when the bimetallic system which had previously been in force in the Latin Union ceased to be in full operation ; and we are irresistibly led to the conclusion that the operation of that system, established as it was in countries the population and commerce of which were considerable...