Word: silver
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Dates: during 1890-1899
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...names of those who secure the prize will be engraved together with their records, on the silver band of each...
...last lecture in the course on "Bimetallism" was given by Gen. Walker last evening. He began by reviewing at some length the substance of the ground covered in former lectures. He then traced the effects produced on the industry and trade of oriental nations by the demonetization of silver in other countries. While in other countries silver had fallen to one-half its former value, in the east its value remained almost constant. Oriental countries held silver as their greatest metal. This tended to discourage other nations in their trade with the orient. As a consequence, industry was very seriously...
...closing, General Walker showed that owing to the demonetization of silver production has not increased as it should have done. The reason of this, he thought, was the dislocation of foreign exchanges, due to the differing standards in the various countries...
Meanwhile the United States had continued to coin silver at the ratio 16:1, as provided by the Act of 1876. In 1890 the Sherman Bill, providing for the monthly purchase of 4,500,000 ounces of silver and a corresponding issue of currency, was passed. In 1892 a conference was arranged to be held at Brussells, which but for the unreasonable delay of the United States might have accomplished much. But while the United States delayed for political reasons, Lord Salisbury, Mr. Goshen, then chancellor of the exchequer, and other bimetallists were defeated at the polls, and the English...
...money world has stood two great strains since the repeal of the Sherman act and the closing of the mints in India against silver. Sentiment is now again strongly in favor of monetary reform...