Object Lessons Short Chapters On Finance Money Legislation And the General

Cover Object Lessons Short Chapters On Finance Money Legislation And the General
Object Lessons Short Chapters On Finance Money Legislation And the General
George G Merrick
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71 else to accomplish that result, and the de- monetization act of the Revised Statutes was an illegal and unconstitutional consummation of the fraud. I want to restore that money to where it was before, and thus aid in pre- venting the consummation of their designs. " (Speech by Senator Beck of Kentucky, page 258, "Congressional Record, " Jan. 11, 1878. ) John G. Carlisle, on Feb. 21st, 1878, at that time a member of Congress (House) from Kentucky, now Secretary of the Treas- ury, when speakin...g upon the Bland Bill of 1878, used the following prophetic words : "I know that the world's stock of precious metals is none too large, and I see no reason to apprehend that it will ever become so. Mankind will be fortunate, indeed, if the an- nual production of gold and silver coin shall keep pace with the annual increase of popu- lation, commerce and industry. According to my view of the subject, the conspiracy which seems to have been formed here and in Europe to destroy by legislation and other- wise from three-sevenths to one-half of the metallic money of the world, is the most gi- gantic crime of this or any other age.

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