print essays on "Joint-metallism" was a little Satanic, if Milton is a correct reporter:

Into this wild abyss the wary fiend

Stood on the brink of Sheol-and look'd awhile,

Pondering his voyage.

At last an intuition came to him, and he saw that the way to umpire this awful game of financial football was to marry the two precious metals in one act of exchange, so that, instead of monometallism or bimetallism, the world should rejoice in "joint-metallism." And what is that? He proposes

to admit gold and silver freely to the mint, if presented in quantities of equal value (according to a government ratio fixed from time to time)-the silver coin to have the same weight as the gold one, but, of course, to be much less valuable. Then

. make one gold coin, plus as many of the silver coins as will equal it in value, legal tender to twice the value of the gold coin, for all debts contracted after a fixed date. Next let the United States receive these twofold coins, when offered in equal values of each metal, and issue against this deposit "joint legal-tender currency certificates," payable half in gold and half in the new silver coinage, the government fixing the ratio of one metal to the other. If all men were as well-informed and fair-minded as he, "joint-metallism could be introduced this winter, and would probably work well.

BOSTON GAZETTE, Dec. 29, 1894.

The favor which attended the earlier edition of this work will no doubt be extended to this fuller and more comprehensive consideration of the same subject. The ideas are presented in a fresh and lucid manner that will attract the interest of thoughtful people.

66

KANSAS CITY TIMES, Jan'y 28, 1895. Joint-Metallism," a work by Anson Phelps Stokes, is especially valuable now while the currency question is being discussed both in and out of Congress. undoubtedly a book to interest students of political

economy.

It is

KANSAS CITY JOURNAL, Jan'y 28, 1895.

The work is a profitable study of the great and all-absorbing question of the present time, and from a standpoint calculated to do much good.

ROCHESTER HERALD, Jan'y 5, 1895.

Perhaps one of the most valuable monographs on the monetary question now available. In view of the intense interest the subject has for every resident of this country, the publication is timely.

UNITED STATES SENATE, WASHINGTON, D.C., Dec. 8, 1894.

I have read the book with very great interest and pleasure, and shall very carefully and patiently study your plan. It seems to me to be worthy of the most thoughtful consideration.

(Signed)

JAMES K. JONES.

DEPARTMENT OF LABOR,

WASHINGTON, D.C., Jan'y 2, 1895.

I have taken much pleasure in perusing it.

Your theory attracts me very much. It seems to me that there is within it the solution of the difficulty.

DETROIT JOURNAL, Dec. 20, 1894.

Mr. Stokes's plan is novel, and his arguments to

support it are at all times interesting and impressive.

BALTIMORE AMERICAN, Jan'y 2, 1895.

This is a subject of intense interest at the present time, and any method by which the relative values may be maintained is of great importance to every citizen. In this volume much information of great value may be obtained.

BOSTON TIMES, Jan'y 6, 1895.

The book is a valuable contribution to our finan

cial literature.

LONDON PUBLIC OPINION, Dec. 7, 1894.

This plan

much lucidity.

. . . Mr. Stokes sets forth with

Mr. Stokes is quite right when he

asserts that the great difficulty of solving the question of the metallic basis of currency comes from inadequate study. . . .

PITTSBURG GAZETTE, March 1, 1894.

Mr. Anson Phelps Stokes has formulated a practical plan for securing the joint circulation of gold and silver. Mr. Stokes's plan certainly has the merit of originality, and it seems to overcome the chief difficulties heretofore found in securing the joint use of the two metals.

LAWYER AND CREDITMAN, April, 1895.

The historical portions of the work are superior to anything we have seen for conciseness and exhaustive reference to the best authorities both on the gold and double-standard side of the question.

BURLINGTON HAWK-EYE, June 30, 1895.

The plan is thoroughly explained, and every student of the financial situation will find in it an inviting argument.

FROM THE PRESIDENT OF THE AMERICAN SOCIAL SCIENCE ASSOCIATION.

WATERBURY, CONN., Aug. I, 1895.

I bought Joint-Metallism last winter and laid it on my desk, and I have only found time to read it within the last two or three weeks. I have been interested and instructed by it.

You have contrived to get a great deal of clearly expressed thought into a moderate compass. It seems to me that your plan would introduce silver again into the money of the world without serious disturbance-especially if some time, say a year, was given after the passage of the act and before it went into operation.

Meantime silver would gradually advance to about its proper point, that is it would get the principal part of the effect of restoration.

It seems to me that you still leave gold the measure of value, and this, I think, must be done.

The effect of the plan seems to me just about equivalent to doubling the amount of gold which goes into use as money. I think you have reason to be much pleased with the success of the book.

(Signed)

FREDERICK J. KINGSBURY.