The Money Question: The 50% Fall in General Prices, the Evil Effects; the Remedy, Bimetallism at 16 to 1 and Government Control of Paper Money in Order to Secure a Stable Measure of Prices - Stable Money. Monetary History 1850-1896
C.H. Kerr, 1896 - 737 pages
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Page 639 - You come to us and tell us that the great cities are in favor of the gold standard; we reply that the great cities rest upon our broad and fertile prairies. Burn down your cities and leave our farms, and your cities will spring up again as if by magic; but destroy our farms and the grass will grow in the streets of every city in the country.
Page 717 - The disorders and miseries which result, gradually incline the minds of men to seek security and repose in the absolute power of an individual ; and sooner or later, the chief of some prevailing faction, more able or more fortunate than his competitors, turns this disposition to the purposes of his own elevation, on the ruins of public liberty.
Page 717 - Without looking forward to an extremity of this kind, (which nevertheless ought not to be entirely out of sight,) the common and continual mischiefs of the spirit of party are sufficient to make it the interest and duty of a wise people to discourage and restrain it It serves always to distract the Public Councils, and enfeeble the Public Administration.
Page 283 - I see in the near future a crisis approaching that unnerves me and causes me to tremble for the safety of my country. As a result of the war, corporations have been enthroned and an era of corruption in high places will follow and the money power of the country will endeavor to prolong its reign by working upon the prejudices of the people until all wealth is aggregated in a few hands, and the Republic is destroyed.
Page 717 - It serves always to distract the Public Councils, and enfeeble the Public Administration. It agitates the Community with ill-founded jealousies and false alarms; kindles the animosity of one part against another, foments occasionally riot and insurrection.
Page 251 - 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 discriminating against either metal or charge for mintage...
Page 635 - States in time of peace, and condemn the trafficking with banking syndicates, which in exchange for bonds and at an enormous profit to themselves, supply the Federal Treasury with gold to maintain the policy of gold monometallism.
Page 487 - God give us men! A time like this demands Strong minds, great hearts, true faith and ready hands; Men whom the lust of office does not kill; Men whom the spoils of office cannot buy ; Men who possess opinions and a will; Men who have honor ; men who will not lie ; Men who can stand before a demagogue And damn his treacherous flatteries without winking! Tall men, sun-crowned, who live above the fog In public duty, and in private thinking...
Page 717 - This spirit, unfortunately, is inseparable from our nature, having its root in the strongest passions of the human mind. It exists under different shapes in all governments, more or less stifled, controlled, or repressed ; but, in those of the popular form, it is seen in its greatest rankness and is truly their worst enemy.
Page 613 - When such report is made and accepted it will, in my opinion, be the duty of the United States to resist by every means in its power as a wilful aggression upon its rights and interests the appropriation by Great Britain of any lands or the exercise of governmental jurisdiction over any territory which after investigation we have determined of right belongs to Venezuela.