These--within the limits of a statement--are the reasons for the demonetization of the silver dollar and the adoption of the single gold standard.
Editor's note · Context
Boutwell outlines the reasons for the demonetization of the silver dollar and the shift to a gold standard.
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But General Grant was destitute of the war spirit, and he chose to exhaust all the powers of negotiation before he would advise a resort to force.
He was so great that it was not a humiliation to acknowledge a change in opinion, or to admit an error in policy or purpose.
The speculative advance in gold has brought legitimate business almost to a standstill, owing to the apprehension of a corner, which from appearances may appear at any moment.
These extracts from letters received previous to and during the crisis may lead to the conclusion that it is not safe to trust to persons engaged in large business and commercial transactions as guides for the administration of the…





