Word: gold
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Dates: during 1890-1899
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...just currency standard is somewhere between that of 1873 and that of 1896. A. The gold standard has greatly appreciated since 1873. (1) It will buy more now than it would then. (a) Prices in England reckoned from 45 staple articles have fallen from 100 to 62 (Sauerback's Estimate in "Honest Dollar," p. 24). (b) Prices in Germany reckoned from 100 articles have fallen 35 per cent (Honest Dol. p. 25). (c) Prices in America have fallen from 100 to 61 (Barker's Bimetallism, p. 278). (2) The claim that falling prices are due to cheapening of production...
...free coinage of silver at 16 to 1 would approximate as near to the just currency standard as any financial expedient possible. A The gold standard is manifestly above it (see I. A). B. The bimetallic standard would be above that of 1873 and below the present. (1) The gold displaced by silver in U. S. at first would pull down the appreciated value of gold in gold standard countries. (Orton, p. 26). 2 The price of silver for monetary purposes wouldrise. (a) There would be an increased demand. (x) We greatly need a greater supply of money...
...present standard is the just one. A. There has been no appreciation of gold. (1) The so-called appreciation of gold is in reality a depreciation of commodities. (a) Money incomes and wages have risen all over the world. (Taussig, Silver Sit., p. 108.) (b) Whatever fall in price of commodities has taken place is due to improvements in production alone. (Carl Shurz, Chicago speech, p. 6). (x) During the nine years after 1873, although under a gold standard, the price of commodities rose; (Schurz Chic. Speech, p. 6). (y) It is only since the enormous increase of production after...
...Free coinage of silver by U. S. at ratio of 16 to 1 would not raise silver to parity with gold. A. The legal tender quality alone will not keep silver at par. (1) This is disproved by (a) Case of present Mexican dollar; (b) Case of greenbacks during the war (Laughlin Rev. of Rev., Sept. '96). B. History shows that an increased demand for silver for use in coinage has not caused a permanent rise in the price of silver. (1) From '78 to '93 the price of silver has steadily fallen, though, (a) during that period...
...LUNT.Any member of the University, Academic, Graduate, Law, Medical or Divinity departments, whether Republican or sound money Democrat, may become a member of the Sound Money Campaign Club by enrolling at Leavitt and Peirce's, and by paying 25 cents. Students who desire "gold bug" shingles must pay 25 cents extra...