Joint-metallism: A Plan by which Gold and Silver Together, at Ratios Always Based on Their Relative Market Values, May be Made the Metallic Basis of a Sound, Honest, Self-regulating, and Permanent Currency, Without Frequent Recoinings, and Without Danger of One Metal Driving Out the Other |
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Common terms and phrases
¹ See Appendix A. J. Balfour ANSON PHELPS STOKES appreciation of gold banks basis of currency Bimetalism bimetallism bimetallists Bishop of Lisieux bullion bullionist cent century coinage ratio commodities Congress Copernicus Cossa credit money danger debts decline demonetization economists England equal value favor final basis free coinage Giffen gold and half gold and silver gold coin gold monometallism gold standard coin Government ratio Gresham Henry Dunning Macleod honest increased interest joint joint-metallism labor Latin Union legal tender legal-tender legislation lism Macleod says market ratio metallic basis metallists mints monetary monometal nations Nicole Oresme Octavo Oresme Oresme's ounces party permanent political precious metals present production of gold quantities of equal relative market values Saratoga Free-Coinage Debate science of money silver coins silver dollars silver standard coins Springfield Republican standard money standard of value standard silver tion Treasury treatise United weight wheat Wolowski writers York
Popular passages
Page 81 - We hold to the use of both gold and silver as the standard money of the country, and to the coinage of both gold and silver without discrimination against either metal or charge for mintage...
Page 84 - ... the established policy of the United States to maintain the two metals on a parity with each other upon the present legal ratio, or such ratio as may be provided by law.
Page 24 - I am certainly of opinion," said Mr. Webster, "that gold and silver, at rates fixed by Congress, constitute the legal standard of value in this country, and that neither Congress nor any State has authority to establish any other standard or to displace this standard.
Page 82 - The American people, from tradition and interest, favor bimetallism, and the Republican party demands the use of both gold and silver as standard money, with such restrictions and under such provisions, to be determined by legislation, as will secure the maintenance of the parity of values of the two metals, so that the purchasing and debt-paying power of the dollar, whether of silver, gold, or paper, shall be at all times equal.
Page 115 - That the value of foreign coin as expressed in the money of account of the United States shall be that of the pure metal of such coin of standard value ; and the values of the standard coins in circulation of the various nations of the world shall be estimated annually by the Director of the Mint, and be proclaimed on the first day of January by the Secretary of the Treasury.
Page 118 - We demand the free and unlimited coinage of both silver and gold at the present legal ratio of 16 to 1 without waiting for the aid or consent of any other nation.
Page 93 - The Republican party is in favor of the use of both gold and silver as money, and condemns the policy of the Democratic Administration in its efforts to demonetize silver.
Page 224 - Mankind will be fortunate, indeed, if the annual production of gold and silver coin shall keep pace with the annual increase of population, commerce and industry. According to my view of the subject, the conspiracy which seems to have been formed here and in Europe to destroy by legislation and otherwise from three-sevenths to one-half the metallic money of the world, is the most gigantic crime of this or any other age.
Page 96 - We believe the fall to be mainly due, at all events, to circumstances independent of changes in the production of, or demand for, the precious metals, or the altered relation of silver to gold. " As regards the fall in the gold price of silver, we think that, though it may be due in part to the appreciation of gold, it is mainly due to the depreciation of silver.
Page 94 - Looking, then, to the vast changes which occurred prior to 1873 in the relative production of the two metals without any corresponding disturbance in their market value, it appears to us difficult to resist the conclusion that some influence was then at work tending to steady the price of silver, and to keep the ratio which it bore to gold approximately stable.