Silver Not a Local Issue Speech of Hon Darwin R James of New York in the Ho
Silver Not a Local Issue Speech of Hon Darwin R James of New York in the Ho
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To quickly assess the difficulty of the text, read a short excerpt:
If so, they were nirain mistaken.
"it is more than a local issue, it is an international one, and it is be- cause the silver men have failed to comprehend this fact that they have gone on in their blind, selfish advocacy of a financial policy which has operated as disastrously at home as it has abroad, and which threatens at this moment to strike down with paralysis the commercial and in- dustrial interests of the country.
With these views and under these circumstances I do not hesitate to say ...that the coinage under the Bland act has been from the beginning and is now a colossal business blunder. The advocates of the measure proposed and expected it to restore the price of silver, but it has steadily declined as compared with gold from an average price of 52 9-lGfZ. Per ounce in 1878 to an average of 48 Q-lGd. In 1*^85, and at this time it is quoted in London an 46|d. Per ounce. Such are the facts, and here we are witli the silver question still on our hands.
If it had not been for the passage of the Bland bill in 1878, 1 believe that long ere this silver would have been remonetized in Europe, and that botii in Europe and the United States the mints would have been open to the free coinage of silver as they are to gold, and that the two metals would have been at a parity one to the other at a fixed ratio, as agreed upon.
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To quickly assess the difficulty of the text, read a short excerpt:
If so, they were nirain mistaken.
"it is more than a local issue, it is an international one, and it is be- cause the silver men have failed to comprehend this fact that they have gone on in their blind, selfish advocacy of a financial policy which has operated as disastrously at home as it has abroad, and which threatens at this moment to strike down with paralysis the commercial and in- dustrial interests of the country.
With these views and under these circumstances I do not hesitate to say ...that the coinage under the Bland act has been from the beginning and is now a colossal business blunder. The advocates of the measure proposed and expected it to restore the price of silver, but it has steadily declined as compared with gold from an average price of 52 9-lGfZ. Per ounce in 1878 to an average of 48 Q-lGd. In 1*^85, and at this time it is quoted in London an 46|d. Per ounce. Such are the facts, and here we are witli the silver question still on our hands.
If it had not been for the passage of the Bland bill in 1878, 1 believe that long ere this silver would have been remonetized in Europe, and that botii in Europe and the United States the mints would have been open to the free coinage of silver as they are to gold, and that the two metals would have been at a parity one to the other at a fixed ratio, as agreed upon.
What to read after Silver Not a Local Issue Speech of Hon Darwin R James of New York in the Ho?
You can find similar books in the "Read Also" column, or choose other free books by Darwin Rush James to read onlineMoreLess
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