The Silver Question and the Gold Question

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E. Wilson, 1885 - 150 pages
 

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Page 114 - His Majesty the King of the Belgians; His Majesty the King of Spain...
Page 113 - Her Majesty the Queen of the United Kingdom of Great Britain and Ireland, His Majesty the Emperor of Austria...
Page 136 - ... 3d. more for foreign silver ; and the demand for exportation arises from the higher price of silver in other places than in England in proportion to gold ; that is from the higher price of gold in England than in other places in proportion to silver, and, therefore, may be diminished by lowering the value of gold in proportion to silver.
Page 126 - 1. That it is necessary to maintain in the world the monetary functions of silver, as well as those of gold, but that the selection for use of one or the other of the two metals, or of both simultaneously, should be governed by the special position of each state or group of states.
Page 119 - I hope, gentlemen, you will pleasurably recall the honorable memories of the part you have taken in these delicate scientific discussions, •with the satisfaction of their joint pursuit, under a presidency so memorable, and with a facility and harmony as perfect as that of delegates from a single nation in its ordinary deliberations.
Page 147 - Eden Fisher & Co., London. the gold valuation by other States besides England will be beneficial. It will only lead to the destruction of the monetary equilibrium hitherto existing, and cause a fall in the value of silver, from which England's trade and the Indian silver valuation will suffer more than all other interests, grievous as the general decline of prosperity all over the world will be.
Page 134 - And whereas at various times heretofore the 'coins of this realm of gold and silver have been equally 'a legal tender for payments to any amount, and great 'inconvenience has arisen from both those precious metals 'being concurrently the standard measure of value, and 'equivalent for property; and it is expedient that the gold 'coin made according to the indentures of the mint should 'henceforth be the...
Page 135 - Is. 6d. in silver money. But silver in bullion, exportable, is usually worth 2d. or 3d. per ounce more than in coin ; and if, as a medium, such bullion of standard alloy be valued at 5s.
Page 134 - Majesty, subsequently revived and made perpetual by a statute of the thirtyninth year of his reign, it is enacted, that no tender in payment of money made in the silver coin of this realm, of any sum exceeding the sum of twenty-five pounds at any one time, shall be reputed in law, or allowed to be a legal tender, within Great Britain or Ireland, for more than, according to its value by weight, after the rate of 5s. 2d. for each ounce of silver.
Page 136 - If gold in England, or silver in East India, could be brought down so low as to bear the same proportion to one another in both places, there would be here no greater demand for silver, than for gold to be exported to India; and if gold were lowered only so as to have the same proportion to the silver money in England which it hath to...

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