On the record
For the same reason, if the coinage of silver was free at the ratio of sixteen of silver to one of gold, no gold would be coined, because sixteen ounces of silver are not worth one ounce of gold.
Source
gutenberg.orgJohn Sherman: “For the same reason, if the coinage of silver was free at the ratio of sixteen of silver to one of gold, no gold would…”
Editor's note · Context
Sherman warns that free coinage of silver would discourage gold coinage.
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