Show currency catechism Qa question estion what is the function of money answer it is to f facilitate trade trad e as a measure of values Q what is the standard etan stan daid or unit of this measurement A it has been a gold dollar since the act of 1873 which act provided that the gold coins of the united states shall be a al 1 piece which at the standard weight of at shall be tb eunit the unit of cr value etc until that time the silver dollar was the unit of value the first coinage act provided for the coinage of dollars or units each to be of the value of a spanish milled dollar Q how much silver does a dollar now contain 1 A grains Q Is thai pure silver A it is not to make the coins wear parts pure silver is used to parts parta alloy gold coins bear the same proportion of alloy Q what is meant by A it means the taking away from a metal its monetary function in part or Q has silver ever been demo demone ne sized in this country A it has been the act of 1874 provided that the tha silver coins of the united states shall be a legal tender at their nominal value for any amo amount not exceeding 5 in one payment I 1 Q how could that be done A this country had not then resumed specie payments and th the e greenbacks green backs issued during the war were in general circulation silver was scarcely ever used in business Q Ts Is silver still de A it is not in 1878 james Q G blame blaine wm win mckinley and other leading bimetallists of the country worked for of silver unda and a bill was then passed entitled an act to authorize the coinage of the standard silver dollar and to restore its legal tender Coar character acter said act provided for the coinage of silver silvera dollar ollars of the weight of 2 grains each which coins the act went on cosay together with all silver dollars heretofore e coined by the united states of like weight and fineness shall be a legal tender at their nominal value for all debts and dues public and private except where otherwise stipulated in the contract Q then dilver is as goad as gold today when coined A it is just as good except where gold contracts which began in business during the period of and still continue in use are now in force where gold is called for gold must be paid where only coin is called for silver ilver can be paid Q how much gold silver and paper coins have we then A the last annual report of the director of the mint shows IM gold silver and and uncovered paper Q what per capita circulation is that A 2359 for every nian man woman and child in this country Q Is our money as valuable as that in other countries A it is as good as the money of any leading civilized country Q how does our per capita circulation compare with that of the countries counti ies of europe A it is larger in cases the united kingdom lias has 2078 per capita france germany 17 1759 go 9 russia austria hungary 1067 and italy 1079 1070 Q then it is ie not a money that causes the present depression in this count country rv A it is a lack of confidence we have as much money now and it is is just juet as good a as the money in circulation in 1892 2 Q but if we have as much money as the statistics show why does it not circulate A people are afraid to irive invest st the democratic tariff policy has bas ruined the auntry ou Q what can be done to restore confidence start the wheels of industry give employment and thus set money in circulation again A elect wm mckinley Vc Kinley president |