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Silver and monetary policy heated debate from 19th century congress
Adjutant General warns of a dangerous national condition likened to 1861 urging vigilance. Silver advocates fear a shrinking money supply and rising prices if gold reliance persists. Bankers warn a silver basis could harm cereals and cotton exports, while Bland and others push for free coinage against the Sherman act as the path to reform.
MENTIONED IN THIS ARTICLE
W. P. St. John
Mercantile Bank
New York
United States
Europe
England
Manchester
Congressman Bland