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  • Annual Report of the Director of the Mint to the Secretary of the Treasury

Annual Report of the Director of the Mint to the Secretary of the Treasury

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Excerpt from Annual Report of the Director of the Mint to the Secretary of the Treasury: For the Year Ended June 30, 1876The decline in the value of silver and the approach of the time fixed by law for specie resumption has led to a proposition for the restoration of the Silver dollar of 4125 grains, wit-h unrestricted coinage and nu limited legal-tender.This proposition, if adopted, would make the relative value of gold to silver in the coinage as 1 to or very nearly 1 to 16. A dollar of grains, which would correspond exactly to the relation of 1' to 16, and one based on the ratio of 1 to 155, have also been proposed.About the PublisherForgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.comThis 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.
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