FREE BOOKS

Author's List




PREV.   NEXT  
|<   2   3   4   5   6   7   8   9   10   11   12   13   14   15   16   17   18   19   20   21   22   23   24   25   26  
27   28   29   30   31   >>  
(_breaking in_). One moment! When you say gold has appreciated, you mean, of course, that the purchasing power of gold has increased--in other words, commodities are cheaper. Isn't that so? _First W. I. M._ Yes. Well, what then? _Second W. I. M._ What's your remedy? Do you think you can make things better by fixing a ratio between gold and silver? In the first place, you can't do it; they've got nothing to do with one another. _First W. I. M._ (_triumphantly_). Haven't they? What have you got to say, then, about the Indian rupee? That's where the whole of your beautiful system comes to grief. You can't deny that. _Second W. I. M._ The Indian rupee has got nothing to do with it. My theory is, that it's all due to the American coinage of silver, and (_vaguely_), if we do the same as they, why, we shall only make things worse. No, no, my boy, you've got hold of the wrong end of the stick, there. Look at the Bland Bill. Do you want to have that kind of thing in England? _Inquirer._ God forbid! By the way, what was the Bland Bill? _Second W. I. M._ _What!_ you don't know what the Bland Bill was? Don't you remember it? It provided that a certain amount of silver was to be coined every year, and the Treasury was to hold the surplus until it reached a certain value, and then,--but every schoolboy knows what happened. _Average Man._ What did happen, as a matter of fact? _Second W. I. M._ (_scornfully_). Why, the market was flooded. _First W. I. M._ Yes, and that exactly proves my point. Make fifteen the ratio between gold and silver, and you'll never have the market flooded again. _Second W. I. M._ (_hotly_). How do you make that out? _First W. I. M._ It's as plain as a pikestaff. Make silver your legal tender for large amounts in this country, and you stop all these United States games at one blow. _Second W. I. M._ Fiddlesticks! I suppose you'll want us to believe next that if we become bi-metallists, corn and everything else will go up in value? _First W. I. M._ Of course it will. We've only got to get Germany and France, and the rest of them to come in, and the thing's as good as done. What I say is, adopt bi-metallism, and you relieve trade and agriculture, and everything else. _A. M._ Do you mean we shall have to pay more for everything? _First W. I. M._ No, of course not; I mean that the appreciation of gold is a calamity which we've got to get rid of. _A. M._ I don't see it. If my sove
PREV.   NEXT  
|<   2   3   4   5   6   7   8   9   10   11   12   13   14   15   16   17   18   19   20   21   22   23   24   25   26  
27   28   29   30   31   >>  



Top keywords:

Second

 

silver

 

Indian

 

market

 
flooded
 

things

 

country

 

amounts

 

suppose

 

Fiddlesticks


United

 

States

 

proves

 
scornfully
 
commodities
 
fifteen
 

increased

 

pikestaff

 

tender

 

metallists


agriculture

 

breaking

 

relieve

 
metallism
 

appreciation

 

calamity

 
appreciated
 
moment
 

purchasing

 
France

Germany
 

Average

 
vaguely
 

fixing

 
coinage
 

American

 

beautiful

 
triumphantly
 

system

 

theory


surplus

 
reached
 

Treasury

 

coined

 
cheaper
 

happen

 

happened

 

schoolboy

 
amount
 

Inquirer