Betsy Gaskins (Dimicrat), Wife of Jobe Gaskins (Republican): Or, Uncle Tom's Cabin Up to DateHood, W. I. (William I.)
General
Betsy Gaskins (Dimicrat), Wife of Jobe Gaskins (Republican): Or, Uncle Tom's Cabin Up to Date
Hood, W. I. (William I.)
Gold; Interest; Money; Paper money -- United States; Populism
_John G. Carlisle_ (in the House, February 21, 1878): “According to my
views of the subject the conspiracy which seems to have been formed here
and in Europe to destroy by legislation and otherwise from
three-sevenths to one-half the metallic money of the world is the most
gigantic crime of this or any other age. The consummation of such a
scheme would ultimately entail more misery upon the human race than all
the wars, pestilences and famines that ever occurred in the history of
the world. The absolute and instantaneous destruction of half the entire
movable property of the world, including houses, ships, railroads and
other appliances for carrying on commerce, while it would be felt more
sensibly at the moment, would not produce anything like the prolonged
distress and disorganization of society that must inevitably result from
the permanent annihilation of one-half the metallic money of the world.”
_John G. Carlisle_ (speaking for the Bland bill, 1878): “It will reverse
the grinding process that has been going on for the last few years.
Instead of constant and ruthless contraction, instead of constant
appreciation of money and depreciation of property, we will have
expansion to the extent of at least $2,000,000 a month, and under its
influence the exchangeable value of commodities, including labor, will
soon begin to rise, thus inviting investments, infusing life into the
dead industries of the country, and quickening the pulsations of trade
in all its departments.”
_Secretary Windom_ (Jan. 31, 1891): “The ideal financial system would be
one that should furnish just enough absolutely sound money to meet the
legitimate wants of trade, and no more. Had it not been for the peculiar
condition which enabled the United States to disburse over seventy-five
million dollars in about two and a half months last autumn, I am firmly
convinced that the stringency in August and September would have
resulted in widespread financial ruin.”
_Chauncey M. Depew_: “Fifty men can paralyze the whole country, for they
can control the circulation of the currency, and create panic whenever
they will.”
_Hon. G. G. Symes_, of Colorado (commenting on the demonetization of
silver): “There would be truly enough money to do the business after the
shrinkage of prices and the financial disasters. For the new order of
things and basis of values there would still be gold enough to carry on
the business. It would only require one-half after the new condition and
basis was reached. The monometallists, then, would still argue that gold
was not scarce.”
Public-domain text, read in full here on John Shaqi.
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