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International Bimetalism

International Bimetalism

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1062.5 руб.
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Описание
Excerpt from International Bimetalism: A Paper Read Before the California Bankers Association, April 20, 1897 at Its Annual Convention, Held at Los Angeles

Mr. Chairman and Members of the California Bankers Association:

As introductory to my remarks on International Bimetalism and the present monetary situation permit me to quote the Republican Party, in National Convention, assembled at St. Louis, June 17th last, as follows:

"We are unalterably opposed to every measure calculated to debase our currency or impair the credit of our country. We are, therefore, opposed to the free coinage of silver, except by international agreement with the leading commercial nations of the world, which we pledge ourselves to promote, and until such agreement can be obtained the existing gold standard must be preserved. All our silver and paper currency must be maintained at parity with gold, and we favor all measures designed to maintain inviolably the obligations of the United States, and all our money, either coin or paper, at the present standard, the standard of the most enlightened nations of the earth."

On January 20th a well-known English writer on economic subjects wrote me from London:

"Senator Wolcott has just arrived here, and it is said that he has a mission from Mr. McKinley. You may rest perfectly sure that neither the Senator nor anybody else will persuade the English people to have anything to do with bimetalism. The Senator will be received well, personally, because from everything we know of him we believe him to be a gentleman.

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