Misuse of Legal Tender

Cover Misuse of Legal Tender
Misuse of Legal Tender
Sidney Webster
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All the governments of the world enter- ing into treaty stipulations with one another to throw wide open all' their mints to the free coinage of full legal-tender silver coin Misuse of Legal Tender.
and gold coin, on a fixed-weight ratio, can, by the thumbscrew of legal tender, probably lift the price of silver or depress the price of gold (whichever be the proper phrase) to a parity at 1 5% to i ; but what can the United States do if there shall be refusal at London, Berlin, Paris, Vienna, Mad
...rid, and Rome ? Washington can not by war, even by the aid of its "white squadron, " compel international bimetal- lism can it ? Concerted action by all the nations can make an international court for the adjustment of international differ- ences, and peaceful arbitration the universal rule, and can thus bring to pass the end of armed strife, and the opening of the happy day when nations shall learn war no more and prepare for war no more. But, unfor- tunately, the coming of international bimet- allism now seems postponed to as far off a future, thanks largely to the doings of the American Congress in 1878 and 1890, as is that "Congress of Nations " for which good Misuse of Legal Tender.

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