This historic book may have numerous typos and missing text. Purchasers can download a free scanned copy of the original book (without typos) from ...
Show synopsis
This historic book may have numerous typos and missing text. Purchasers can download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1898 Excerpt: ... issued under a law of thirty years ago, payable in coin, and all these various acts and clauses in acts which relate to parity have been passed since. They may all be repealed and do no violence whatever to the contracts which were made thirty years ago. And as long as that is the fact and one section of the country--a highly respected minority--at least, contend it is the right and the duty of the Government to pay the coin in silver, there is a constant pressure and temptation to repeal those measures, to open the road, and as long as the majority hesitate and doubt and are afraid to face the question, so long doubt will exist in the minds of the people who are the victims of the legislation. Those are the facts which, to my mind, seem to make it necessary for the welfare of this country to give better assurances than now exist that the present gold standard, which was practically established in 1834, shall continue to prevail and be the standard of future payments for an indefinite future or for all time to come. That is why it is important, and as important a thing as any other feature of the bill. Mr. Walker. Do you not understand that France is absolutely secure on the gold standard? Secretary Gage. Yes, I think so. Mr. Walker. Do you not think Germany is absolutely secure on the gold standard? Secretary Gage. I believe so; but it does not make so much difference to me what Germany or France are on as it does what we are on, because our contracts are domestic and relate to all the trade and commerce which we get. Mr. Walker. I make the statement that the bill drawn by me (H. R. 3333) puts us on precisely the same standard in precisely the same manner, with a little different machinery, as France or Germany, and if that is the fact, and that bill coul...
Hide synopsis
