Sound Money (Classic Reprint)

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Excerpt from Sound MoneyAs the speaker concluded a storm of cheering rent the air. Three-fourths of the men present had been carried off their feet and lost their heads in listening to the glittering, if specious, and plausible, if fallacious, arguments of the young advocate of free silver coinage who had just concluded his peroration after a vigorous address. In the course of his Speech he had exhausted every trick of oratory, every appeal to passion and to prejudice which, in his judgment, would manufacture sentiment in support of that financial policy of which he was the well paid advocate.A presidential election was approaching. The bonanza silver millionaires, already in possession of almost ih credible wealth, but greedy for more, were straining every nerve to accomplish either one of two things - to commit one of the two great parties to a policy of free coinage of the white metal, or to so split and honeycomb both of them with free coinage sentiment that it would be possible to rear a new party of their own. By every means in their power they were bent on securing the inauguration of a policy by which the United States would be suddenly forced to a silver basis, the West and South would be enabled to repudiate their honest debts to the extent of fifty per cent. Of their indebtedness, while they, the bonanza silver millionaires themselves, would reap profits from the output of their mines, the like of which were never seen since the world began.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.