On the record
Silver or paper may be used for domestic purposes, but the value of that silver or paper is determined by its value in gold.
Source
gutenberg.orgGeorge Boutwell: “Silver or paper may be used for domestic purposes, but the value of that silver or paper is determined by its value in…”
Editor's note · Context
Boutwell explains that while silver or paper can be used domestically, their value is still measured against gold.
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