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Updated: May 17, 2025
In those days live stock were used as a medium of exchange, or money. We keep the word and often use it as in "pecuniary" affairs, and when we call a moneyless man, "impecunious." The United States Government reserves to itself the right under the constitution, to coin and issue the money to be used by its own people. Formerly we had two standards of value, gold and silver, or bimetalism.
He didn't believe in borrowing a hundred dollars gold and paying back in fifty dollars silver. What's your opinion, Lord Redgrave; you don't do that sort of thing in England, do you? Uncle Russell is a Sound Money man too. He's got too much gold locked up to want silver for it." "My dear Zaidie," said Mrs. Van Stuyler, "what have democratic and republican politics and bimetalism got to do with "
He says in his preface of 1892: "I had to treat of all and every possible subject, from the concepts of time and space to Bimetalism; from the eternity of matter and motion to the perishable nature of moral ideas; from Darwin's natural selection to the education of youth in a future society.
The reports published by the Department of State, of the International Conferences of 1878, and of 1881, and that of Edward Atkinson on The Present Status of Bimetalism in Europe , are of especial value upon monetary topics. In 1886 the Treasury Department issued a volume of Laws Relating to Loans, and the Currency, Coinage and Banking.
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