Joint-metallism: A Plan by which Gold and Silver Together, at Ratios Always Based on Their Relative Market Values, May be Made the Metallic Basis of a Sound, Honest, Self-regulating, and Permanent Currency, Without Frequent Recoinings, and Without Danger of One Metal Driving Out the Other

Putnam, 1895 - 216 頁
Pt. I. Joint-metallism; appendix.--pt. II. Joint-metallism vs. bimetallism and monometallism.--pt. III. History of the science of money and coinage.--pt. IV. The apotheosis of credit; objections answered and honest legislation demanded.


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第 82 頁 - The American people, from tradition and interest, favor bimetallism, and the Republican party demands the use of both gold and silver as standard money, with such restrictions and under such provisions, to be determined by legislation, as will secure the maintenance of the parity of values of the two metals, so that the purchasing and debt- paying power of the dollar, whether of silver, gold or paper, shall be at all times equal.
第 84 頁 - ... the established policy of the United States to maintain the two metals on a parity with each other upon the present legal ratio, or such ratio as may be provided by law.
第 81 頁 - We hold to the use of both gold and silver as the standard money of the country, and to the coinage of both gold and silver without discrimination against either metal or charge for mintage...
第 115 頁 - The value of foreign coin as expressed in the money of account of the United States shall be that of the pure metal of such coin of standard value; and the values of the standard coins in circulation of the various nations of the world shall be estimated annually by the Director of the Mint, and be proclaimed on the first day of January by the Secretary of the Treasury.
第 118 頁 - We demand the free and unlimited coinage of both silver and gold at the present legal ratio of 16 to 1 without waiting for the aid or consent of any other nation.
第 240 頁 - Mankind will be fortunate, indeed, if the annual production of gold and silver coin shall keep pace with the annual increase of population, 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 otherwise from three-sevenths to one-half the metallic money of the world, is the most gigantic crime of this or any other age.
第 96 頁 - We believe the fall to be mainly due, at all events, to circumstances independent of changes in the production of, or demand for, the precious metals, or the altered relation of silver to gold. " As regards the fall in the gold price of silver, we think that, though it may be due in part to the appreciation of gold, it is mainly due to the depreciation of silver.
第 40 頁 - Joint-metallism. A plan by which gold and silver together, at ratios always based on their relative market values, may be made the metallic basis of a sound, honest, selfregulating, and permanent currency, without frequent recoinings, and without danger of one metal driving out the other.
第 117 頁 - Recognizing that the money question is paramount to all others at this time, we invite attention to the fact that the Federal Constitution named silver and gold together as the money metals of the United States, and that the first coinage law passed by Congress under the Constitution made the silver dollar the monetary unit and admitted gold to free coinage at a ratio based upon the silver-dollar unit.
第 95 頁 - Nor does it appear to us a priori unreasonable to suppose that the existence in the Latin Union of a bimetallic system with a ratio of 15£ to 1 fixed between the two metals should have been capable of keeping the market price of silver steady at approximately that ratio. " The view that it could only affect the market price to the extent to which there was a demand for it for currency purposes in the Latin Union, or to which it was actually taken to the mints of those countries is, we think, fallacious.