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. . . The book is well and intelligently written, and has some novel ideas. As a contribution to the literature of a subject of world-wide interest it is well worth reading. . . .

INDIANAPOLIS Journal, July 27, 1894.

. . . The book is an interesting contribution to the currency question.

August 3, 1894. I have read your book on the silver question with very great interest. . . .

(Signed) C. SCHURZ.

South Eagremont, Aug. 16, 1894. . . . It occurred to me, on looking at your book when it was first issued, that its citations looked inviting, and that probably your own part was better than the citations, so I bought it. I have it here on my vacation. I think you have performed a very useful and distinct public service; you have presented a plan the most practical of anything I have seen suggested for the solution of a question, beset, from whatever point we regard it, with obvious difficulties. . . . You have answered all the criticisms, and your citations admirably back you up. The book is one that I shall put with those that I most frequently have occasion to

refer to on subjects of national interest. e

(Signed) GEO. R. BISHOP.

CoNCORD, December 11, 1894. “Joint-Metallism" is charming. . . . As in his first edition, now much enlarged, Mr. Stokes shows good humor, good sense, and a competent knowledge of his subject. . . . (Signed) F. B. SANBORN.

LEICESTER, MASS., December 16, 1894.

. . . The importance of the question you so ably discuss cannot be overestimated. (Signed) JOHN E. RUSSELL.

Comments. 25 I

133 East 35th Street, NEW YORK, December 17, 1894. . . The matter of “Joint-Metallism" is one which I have, for a long time, been desirous of making a study of ; it enters as so large a factor into serious current questions that a man who professes to know anything about his day and country ought to have at least a degree of information respecting it. (Signed) C. H. PARKHURST.


WASHINGTON, December 19, 1894.

. . . Your valuable book on the subject of “Joint-Metallism,” in my humble opinion, is the best book on this subject— a subject of vital importance to the prosperity of the people of this country. (Signed) W. T. HARRIs, Commissioner.


It often happens that when two opposites have battled against each other for years, a middle term, or peaceful union, is at last found, by which the fierce strife is composed. Thus was the long war of the red rose and the white, in England, brought to an end by the marriage of the white rose of York to the Lancastrian but unblushing Henry Tudor. At present the battle of the standards—on one side gold, on the other silver—is raging savagely, like the quadrilateral puss-in-thecorner of Milton's chaos :

For hot, cold, moist, and dry, four champions fierce,
Strive there for mastery, and to battle bring
Their embryon atoms; Chaos umpire sits,
And by decision more embroils the fray.

Far be it from us to compare Anson Phelps Stokes of New York to Satan,—though, if he goes on pestering the souls of the infallible in New York and London, somebody will give him as ill a name, but really, his attitude before he began to 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 2 . . . 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.

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. . . . It is undoubtedly a book to interest students of political economy. .

Comments. 253

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 seerns 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 financial literature. . . .

LoNDON PUBLIC OPINION, Dec. 7, 1894. . . . This plan . . . Mr. Stokes sets forth with much lucidity. . . . 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.


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.


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


WATERBURY, CONN., Aug. 1, 1895.

I bought joint-Metal/ism 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

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