On the record
My theory is to let gold go to a price that we can export our surplus products to pay our foreign debts, and the moment we turn the balance of trade in our favor gold will decline from natural causes.
Source
gutenberg.orgEditor's note · Context
Boutwell outlines his theory on allowing gold prices to rise to facilitate the export of surplus products.
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I believe now, as I did then, that it was for the best interests of this country, for the people of Santo Domingo, and all concerned, that the proposition should be received favorably.
That is the lesson the war has burned in on the brain and conscience of the Nation.
He was the possessor of an elastic spirit; he was always hopeful of the future and in adversity he saw or fancied that he saw, days of prosperity for himself, for his party, for the commonwealth and for the country.
Does anybody contemplate such a qualification to the elective franchise, in the case of black people or white?
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