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This brother, of whom but little memory remains, was a peaceable miser, who, being a priest, thought himself bound to bestow alms on the poor whom he met, but he never gave them anything except bad or demonetized sous, thereby discovering a means of going to hell by way of paradise. As for M. Gillenormand the elder, he never haggled over his alms-giving, but gave gladly and nobly.
Over the western hills the lowering sun broke through the heavy, moving clouds, painting some a lurid tinge, and lining the heavier ones with silver. Checkers noted it absently. "Another lie nailed," he muttered, as the trite old proverb occurred to him. "My cloud is blacker and heavier than any of those and silver lining? Humph! Well, silver 's demonetized!"
In 1797 a partial bankruptcy was declared, interest payments being suspended on two-thirds of the public debt, and the assignats were demonetized. The republic faced much the same financial crisis as had confronted the absolute monarchy in 1789. From but one direction did light stream in upon the Directory and that was the foreign war.
Such demoralization resulted that at one time it took twenty dollars in paper money to purchase one dollar in gold. The national bank notes having been demonetized, various amounts were purchased at auction by the administrations succeeding Heureaux and destroyed, and almost all the remainder has been redeemed at five to one under the 1907 debt settlement.
But I do ask for the remonetization of silver. Silver was demonetized by fraud. It was an imposition upon every solvent man; a fraud upon every honest debtor in the United States. It assassinated labor. It was done in the interest of avarice and greed, and should be undone by honest men. The farmers should vote only for such men as are able and willing to guard and advance the interests of labor.
The bimetallists claimed that this decline was a result of the monetary changes; the advocates of the gold standard asserted that it was due to the great increase in the production of silver. Whatever the cause, the result was that, shortly after silver had been demonetized, its value in proportion to gold fell below that expressed by the ratio of sixteen to one.
Under the occult power of the vision they had been demonetized, engulfed into the astral plane along with the vanishing Buddha. Filled with the sense of horror still to come, somebody pulled aside the little screen. They fully expected to find the lifeless bodies of Mr. Yahi-Bahi and the faithful Ram Spudd. What they saw before them was more dreadful still.
In 1873 Congress, moved by the report of a commission it had authorized, had demonetized silver; that is, it had provided that the gold dollar should be the standard of value, and omitted the standard silver dollar from the list of silver coins.* In this consisted the "Crime of '73."
Slocum had dropped eight hundred thousand along with the totality of her father's fortune in the final catastrophe at the Los Cocos mine in Chihuahua when the United States demonetized silver. Mr. Davidson had pulled a million out of the Last Stake along with her father when he pulled eight millions from that sunken, man-resurrected, river bed in Amador County. Mr.
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