Word: silver
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Dates: during 1890-1899
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Best general references: F. W. Taussig, The Silver Situation in the U. S., part II. Robert Giffen, The Case Against Bimetallism. J. L. Laughlin, Quarterly Journal of Economics...
...Gold the best standard. Taussing, The Silver Situation, p. 124. (a) It is most convenient. Sidgwick, Foster. R., Vol. 46, p. 480. (b) It is most stable. Goschen in Journal of Institute of Bankers, May, '83, pp. 277-279. (c) It is so recognized. Chicago Tribune...
...declining. Taussig, Pop. Sci. Mo., Sept. '93, p. 582. (b) The use of credit is increasing. Laughlin, Q. J. E., Vol. I, pp. 325-326. (c) Debtors are not burdened. Goschen, Q. J. E., V. I, pp. 329-337. (d) Money wages are rising though prices are falling. Taussig, Silver Situation...
...alternatives are impracticable. (a) The single silver standard is admittedly bad. (b) The multiple standard is difficult of attainment. Taussig, Silver Situation, p. 125. (c) Under national bimetallism the nation cannot be maintained. Laughlin, Hist. of Bimetallism, pp. 5-9. (d) International bimetallism is bad, because (1) Agreement cannot be reached. (2) If made, the agreement could not be maintained. R. Giffen, Pol. Sci. Qu., Sept. '93, p. 412. (3) If made and maintained, prices would rise, and injustice would be done to creditors...
...which they will be run off will be announced later. The games will begin at half past two, and an admission of fifty cents will be charged. The list of entries is the largest in years, and there is every indication that the events will be closely contested. Silver cups will be given to first and second men in each event...