Excerpt from International Bimetallism and the Gresham Law: With Two Letters on Silver and Mr. Goshen's Currency Proposals A French silver franc contains 15 times more weight than the French gold franc. The United States silver dollar contains sixteen times as much silver as the United States dollar contains gold. There are three courses Open with reference to the world's two monetary intermediaries, and measures of value, gold and silver: (1) TO abolish them (ii.) TO let each metal find its value in proportion to the ...
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Excerpt from International Bimetallism and the Gresham Law: With Two Letters on Silver and Mr. Goshen's Currency Proposals A French silver franc contains 15 times more weight than the French gold franc. The United States silver dollar contains sixteen times as much silver as the United States dollar contains gold. There are three courses Open with reference to the world's two monetary intermediaries, and measures of value, gold and silver: (1) TO abolish them (ii.) TO let each metal find its value in proportion to the contents Of its value-giving factors; (iii) to get a temporary universal enforcement, by legislative enact ments, that both gold and silver shall be received in unlimited quantities by all mints and be made unlimited legal tender at fixed relation Of weight between the two metals. Bimetallism is unnatural, unscientific, and unworkable if the following propositions are true (1) that gold and silver are different substances; (2) that no two different substances can be exchanged for any length of time upon parallel lines Of quantities or values, neither can they be produced for any length Of time upon parallel lines Of cost. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at ... This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.
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