Word: silver
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Dates: during 1890-1899
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...currency supplementary to gold is needed a revised system of national bank notes is better than silver...
...BULL and W. B. MOULTON.Best general references: F. A. Walker, Money; J. S. Nicholson, Money and Monetary Problems; E. Benj. Andrews Pol. Sci. Q., VIII, 197-219 (June 1893); E. Suess, Future of Silver; S. D. Horton, Silver in Europe; J. W. Jenks in Amer. Journ. Soc. Sci., XXXII...
...means lower prices: Mill, Pol. Econ., book III, ch. 8. - (b) Would injure the debtor class. - (1) They would have to pay in an appreciated currency: MacVane, Pol. Econ., 123. - (c) Would injure the farmers. - (1) Many of them are in debt. - (2) Price of their commodities lowered: Taussig, Silver Situation, 112-115. - (d) Would place dangerous power in hands of money syndicates to influence market prices, etc. - (e) Need of more currency would lead to wild schemes for paper currency. - (f) Adoption of gold standard injured Germany: Hugh McCulloch, lecture delivered at Harvard...
...silver as money is most desirable. - (a) Silver and gold the only suitable money metals: Mill, bk. III, ch. 8. - (b) Gold is insufficient: see above I, (a) 1. - (c) Silver in relation to commodities a more stable standard than gold: Amer. Jour. Soc. Sci. XXXII, 27; Sen. Stewart in Cong. Record, XXV, App. 158-159 - (d) Silver and gold together a non-fluctuating standard: McCulloch, p. 21. - (e) Silver will eventually become standard money metal of the world. - (1) Exhaustion of gold mines. - (2) Increased use of gold in the arts: Suess, 100-101. - (f) Present suspicion of silver...
...alone might safely coin silver at a proper ratio: A. S. Stokes, Joint Metallism; W. C. Oates in Cong, Record XXV, App., 152-155. - (a) The proper ratio would be that which would most nearly coincide with market ratio. - (b) This ratio is ascertainable. - (c) There would be no tendency for silver to drive out gold. - (1) A silver dollar would contain a gold dollar's worth of silver. - (d) Our present silver money could be gradually recoined at new ratio; meanwhile government's fiat would maintain it at parity with gold as it does...