Publisher's Synopsis
Excerpt from Speeches and Papers on the Silver, Postal Telegraph, and Other Economic Questions
These persons saw that a coinage of silver about equal to the production of our own mines would help to keep up the gold price of silver, and thereby sustain a meritorious home industry of great importance to the development of our West ern States and Territories. They saw that it would tend to check so much of the movement in other parts of the world to demonetize silver as arose from an apprehension that it was menaced with a grave degree of depreciation. They saw that by adding to our metallic money it would aid in reviving our depressed trade and industries, and would facilitate the resumption of specie payments. These persons believed, furthermore, that it would be many years before the proposed rate of coinage could result in any disparity of market value between gold and silver coins, even if the old ratio of market value between gold and silver bullion was not restored.
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