The Use of Silver as a Money Metal by the United States (Classic Reprint)

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Excerpt from The Use of Silver as a Money Metal by the United States Delivered by Hon. N. P. Hill, of Colorado, before the National Bi-Metallic Convention at Chicago, August 2, 1893. The overshadowing topic of thought and discussion in this and other gold-standard countries is the existing depression of agriculture, trade and manufactures, the diminishing and vanishing profits of productive enterprise, the lowering wages of laborers and the increasing numbers of those who cannot find employment at all. It is a depression which has existed to a greater or less degree since 1873, with brief reactions, the quick relapses from which have brought these countries into a worse condition than they Mere before. Even in this country, where the economic circumstances are better than they are anywhere else, we have passed through periods of labor strikes, attended in some cases with criminal violence, and in many cases with a bitterness of feeling which, if not dangerous, is distressing and deplorable. In Western Europe, where the masses of the people are always on the verge of absolute want, the depression of business has been more disastrous in its effects, and it requires all the vigilance, and the standing armies of strong governments, to, suppress socialistic outbreaks. It is no exaggeration to say that Western Europe is to-day completely honeycombed with revolutionary and socialistic ideas and secret conspiracies of which the final outcome cannot be foreseen. Within the brief limits of this address I can only describe The situation in a general way. I must confine myself to an attempt to explain the main cause of this unfortunate condition of affairs, without considering minor causes. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com 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.