Show THE inadequacy OF GOLD the growing agitation for of silver develops from the fact that the worlds supply of gold has proven itself insufficient to carry on the increasingly complex operations of international commerce all the monetary gold in the world is not sufficient to pay off the foreign gold bonds held by the people of the united states and the debts owed to the american government by other nations the worlds monetary gold outside of that held by france and the united states which countries control of a world total of if divided among the peoples of all other countries would amount to but per capita A survey of expert opinion regarding the present state of the american currency reveals an interesting te fact most qualified observers believe that a start has been made in the right dire tion they also believe that much remains to be done A great many hold to the position that the next major step should be the establishment of a fixed permanent ratio between the values of gold and silver the president no the power to fix such a relationship there are obvious reasons why he does not do it hastily and without sufficient consideration of what may be expected to result but if a legion of economists are correct it will eventually be found to be essential to the progress of recovery and the regaining of lost trade |