CHAPTER XXXI.

EFFECT OF THE BLAND BILL ON THE COUNTRY.

An Act Passed by the House Providing for the Free Coinage of the

Silver Dollar--Mr. Ewing Makes an Attack on Resumption--Fear of

Capitalists Regarding Our National Credit--Four Per Cents. Sell

Below Par--Suspense and Anxiety Continued Throughout the Year--My

First Report as Secretary of the Treasury--Recommendations of a

Policy to be Pursued "To Strengthen the Public Credit"--Substitution

of $50,000,000 in Silver Coin for Fractional Currency--Silver as

a Medium of Circulation--Its Fluctuation in Value--Importance of

Gold as a Standard of Value--Changes in the Market Value of Silver

Since 1873.

Recollections of Forty Years in the House, Senate and Cabinet An Autobiography. · 第 11 / 58 章