Coin's Financial School |
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Common terms and phrases
22 feet amount answer Applause bimetal bimetallic bimetallists Board of Trade bonds bushel of wheat cents Chicago COIN'S commercial value commodity commodity money continued COIN credit money cubic foot debts decline demonetized silver dollar or unit England exchange value fixed France free coinage Gage gold and silver gold as money gold dollar gold pieces gold standard grains of pure interest Latin Union Lesson LIMPING BIMETALLISM Lyman Gage measure of values measured in gold ment metals Metropolitan National Bank million dollars mints money based MORTGAGES National Bank number of dollars number of grains one-half paper money parity payable in gold payment premium pure silver quantity of gold ratio redeemable redemption money replied COIN seat silver and gold silver as measured silver bullion silver coin silver dollar tariff tion token money tons of silver unit of value unlimited demand value of silver worth
Popular passages
Page 12 - Dollars, or units ; each to be of the value of a Spanish milled dollar as the same is now current, and to contain three hundred and seventy-one grains and foursixteenth parts of a grain of pure, or four hundred and sixteen grains of standard, silver.
Page 131 - If it is claimed that we must adopt for our money the metal England selects, and can have no independent choice in the matter, let us make the test and find out if it is true. It is not American to give up without trying. If it is true, let us attach England to the United States and blot her name [whose name ?] out from among the nations of the earth.
Page 16 - SEC. 14. That the gold coins of the United States shall be a one-dollar piece, which, at the standard weight of twenty-five and eight-tenths grains, shall be the unit of value...
Page 10 - July next, foreign gold and silver coins shall pass current as money within the United States, and be a legal tender for the payment of all debts and demands, at the several and respective rates following...
Page 133 - States, who own substantially all of our money, have a selfish interest in maintaining the gold standard. They, too, will not yield. They believe that if the gold standard can survive for a few years longer, the people will get used to it— get used to their poverty— and quietly submit. "To that end they organize international bimetallic committees and say, 'Wait on England, she will be forced to give us bimetallism.
Page 3 - Washington is sinking; the government is running at a loss with a deficit in every department; a huge debt hangs like an appalling cloud over the country; taxes have assumed the importance of a mortgage, and 50 per cent of the public revenues are likely to go delinquent; hungered and half-starved men are banding into armies and marching toward Washington; the cry of distress is heard on every hand; business is paralyzed; commerce is at a standstill; riots and strikes prevail throughout the land;...
Page 48 - Coin," " that Congress should pass a law to-morrow authorizing the purchase by the Government of 100,000 cavalry horses of certain sizes and qualities, and the Government entered the market to get these horses. Horses would advance in value, not only the kind of horses desired, but also other horses upon which there would be a demand to take the place of the horses sold to the Government.
Page 10 - OF THE SAME KIND. Directly after the pretended quotation from the law making all foreign silver coins legal-tender, on page 10, " Coin " speaks of a scarcity of silver. " On account of the scarcity of silver," he says, " both Jefferson and Jackson recommended that dimes, quarters and halves would serve the people better than dollars, until more silver bullion could be obtained. This was the reason why only about eight million of the one hundred and five million of silver were coined into dollars.