The Bland Bill; Its Grounds, Its Alleged Dishonesty, Its Imperfections, Its Future

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' The Americah bimetallism restored by the Bland' Bill' is at 16; the silv^er dollar weighs' 16 gold dollars. '' ' " ' ' '' ' ■ . " ; ■ In ' order to substitute the proportion 15 1/2 for the pro- portion 1 6; the United Stfe'fes must either have 'reduced from 412.50 grains to 399.90 the Weight of the old silver dollar, bt failed from 2'5 . 80 to 25 .'61'; the weight of the gold dollar.
" TorSisethe weight of the' gold dbllar, that is, to dihiiriish the "paying' power of gold at the vdry time si
...lver 'has' fallen in value, wohld have seeiied paradoxical, especially as eill the ^61d dollars m^st 'have been melted down in ordei- to make heavier' 6ne^s. Such an operation mfght have been agreed to, if, by agreeing to it, internationcil bimetalhsm were realized ; but it could hot be thought of on' the occasion of a limited mintage bill for silver. ' '; ' ' '' Dirhinish the weight of the silver dollar I But the mono- metaHisIs would then haVe exclaimed 'against confiscation.
*'Not only are the bondholders paid in silver, but dollars lighter' than the dollars stipulated are given thein." ' This discrepancy between the Washington 1 6 and the Paris 15 1/2 givi^s the greatest delight to certain mohbnletallists, who, finding no corisblation for the failure, the- proved impo- tence of monometallism, would like MraetalKsm to have 'the ^ame fate'.' They' flattei- themselves that' 'the 'conflict between thb'1 5 1 /2 and the 1 6 will be so obstinate that E'uropeians and Americans will be unable to come to an understanding.


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