If in 1885 it was not practicable to secure the adoption of the bimetallic system, when silver was worth eighty-four cents per ounce, what is the prospect of its adoption when silver is worth only sixty- four cents per ounce, with an annually increasing product and a diminishing price?
George Boutwell: “If in 1885 it was not practicable to secure the adoption of the bimetallic system, when silver was worth eighty-four…”
Editor's note · Context
Boutwell raises concerns about the feasibility of adopting a bimetallic system given the declining value of silver.
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