Transactions of the Asiatic Society of Japan, 1895, Vol. 23 (Classic Reprint)

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Excerpt from Transactions of the Asiatic Society of Japan, 1895, Vol. 23The new period, an entire novelty in the history of money, began in 1871-3 with the demonetization of silver and the adoption of the gold standard by the United Empire of Germany, s and the resulting action of France and the Latin Union in at first limiting and finally prohibiting the free coinage of silver. Germany's de monitizing legislation was confessedly adopted in imitation of England, who had preached the wonderful blessings of the single gold standard ever since its adoption in 1819. The United States also omitted the coinage of silver in the coinage act of 1873, and though per month were coined by the Bland Act of 1878 and oz. Of silver by the Sherman Act of 1890, yet these were bare paliativos of the gold monometallism that practically existed in Europe and America since 1873. To emphasize this single metal regime still more, the British Government decided to stop the coinage of silver in the Indian Mints on June 26th, 1893, so that the greatest consumer of silver in the world has been to some extent deprived of its silver supplies.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.