Political Quotes

George F. Hoar: “So, when the nations of the world joined in depriving silver of one of its chief uses--that of serving the function of a…”

On the record
So, when the nations of the world joined in depriving silver of one of its chief uses--that of serving the function of a tender for the payment of debts, the value of silver diminished because one large use which it had served before was gone.
Said by
George F. Hoar
Massachusetts

Editor's note · Context

Hoar discusses how the loss of a major use for silver diminished its value.

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