Bimetallism in Europe

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U.S. Government Printing Office, 1887 - 285 頁
 

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第 639 頁 - ... with free coinage of silver. This proposition could not be carried, as the bill, in order to be passed over the veto of the President, needed a majority of two-thirds. Such a majority could be obtained only by substituting for free coinage a proviso by which the Secretary of the Treasury is authorized and required to buy silver from time to time, not less than two and not more than four million dollars' worth per month, and to coin it at once into silver dollars.
第 389 頁 - The Republican party favors the use of both gold and silver as equal standard money, and pledges its power to secure the free, unrestricted, and independent coinage of gold and silver at our mints at the ratio of 16 parts of silver to 1 of gold.
第 379 頁 - To the Senate and House of Representatives: I transmit herewith a communication from the Secretary of State...
第 384 頁 - ... several States visited by me which warrant any expectation that the subject of a bi-metallic treaty for a common legal tender, coupled with the free coinage of silver, will be seriously considered at the present time by them. " (3) There is no indication that the subject of bi-metallism has received any intelligent or serious consideration outside of a small circle in each country named, as a probable or possible remedy for the existing causes of alleged depression in trade.
第 445 頁 - In the first nine months of 1886, however, it was only 45T*ff pence (ratio, 20.88 to 1) ! In consideration of the extraordinary interest which attaches to the great changes that have taken place in the course of centuries, and especially in recent times, in the ratio of gold to silver, we have considered it proper to treat the history of the ratio in the new edition with greater detail than in the first edition. We hope that this addition will be welcome to many readers. It will appear from it that...
第 387 頁 - ... stock and to provide a market for the future product of silver. Any effort of the United States to promote a bimetallic treaty and to restore the free coinage of silver is not therefore regarded as a sincere effort to promote a better monetary system of which all nations may share the benefit, but rather as being induced by a desire to promote the special interest of the United States at the cost of whom it may concern. It is utterly impossible for the thoroughly trained and* intelligent statesmen...
第 504 頁 - For the purpose of obtaining more complete information in regard to the use of the precious metals in the arts...
第 462 頁 - ... fact, the production of gold here, as in Australia, has always yielded a net loss. This may be explained as follows. A few dozen mines produce the great mass of gold. They make large profits and determine the price. Their success attracts capital without end to similar undertakings ; these are given up after a while, and the money is returned to other really productive branches of industry. But the temptation from the fortunate gold producers continues, and causes new capital constantly to rush...
第 422 頁 - Asia, havo all been diligent gold hunters, and they have left no stone unturned beneath which this, the first found and most highly prized of metals, could be concealed. From the continent of Asia and its dependencies we can, then, expect little more than the present modest contribution, which may reach four or five millions of dollars per annum. The gold product of Europe is now perhaps $30,0011,000 a year ; of this nearly all or about $25,000,000 comes from the Ural Mountains.
第 410 頁 - ... sufficient for their own safety. But, as they wished to pay in gold for export any quantity asked for, this consideration has come in, in their decision concerning the rates. Still, industry and commerce did not complain of this state of affairs. They did not consider it too high a cost for the maintenance of our currency system ; and I think you Englishmen will agree with them, when I tell you that the rate of interest on bills...

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