[Autobiography of Seventy Years, Vol. 1-2 by George Hoar]@TWC D-Link book
Autobiography of Seventy Years, Vol. 1-2

CHAPTER XVI
11/16

The arguments in support of the free coinage of silver were specious and dangerous.

Undoubtedly for a time, and more than once, they converted a majority of the American people.

The battle for honest money would have been lost but for the wisdom of the Republican statesmen who planted the party not only upon the doctrine of theoretical bimetallism, but also upon the doctrine that the question of the standard of value must be settled by the concurrence of the commercial nations of the world and that if there were to be one metal as a standard, gold, the most valuable metal, was the fittest for the purpose.
That was the doctrine of Alexander Hamilton.

To have avowed any other principle would have reinforced our opponents with the powerful authority of Hamilton and all his disciples down to the year 1873.
The war taxes have been abolished.

The weight of the burden which has been in that way lifted from the shoulders of the people may perhaps be understood from the statement of a single fact.


<<Back  Index  Next>>

D-Link book Top

TWC mobile books