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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. 1896 Excerpt: ...of silver in the world now used as money. With silver at par, the premium on gold in silver standard countries would disappear, and products in the United States would double in price. This would double the value of exports, and bring the precious metals into the country, as the advance in the value of products would more than pay all foreign demands now made, or that can hereafter be made. If any panic occurred it would be from a malicious conspiracy among the money powers. This could be precipitated by locking up gold or exporting it. As"it could not leave the country much faster than it is at this date (November 23,1895), there is as great a danger of panic now as there would be then. In fact, the danger is greater now, for, with silver at par, there would be a flow of precious metal into the country, in exchange for products sold at the higher prices. Now, the shipment of gold is compulsory to pay interest, and trade balances. CHAPTER XIX. Q.--The advocates of gold say that the remonetiza"tion of silver in the United States would result in bringing the laboring classes down to the level of similar classes in Oriental countries, where silver is the standard. Is this so? A.--The countries in which the daily stipend of the laborer is the lowest are countries where the per capita circulation of money is very low. For instance, the per capita circulation in China is $1.80; in India is $5; in Japan is $6.20; in Turkey is $3.80; Central America $1.50. The remonetization of silver, and its advance to par, thereby advancing products, would bring more money into the United States, thereby increasing the per capita circulation. With increased circulation of money, and consequent prosperity, there would be an increased demand for labor, and no likelihood ...