The Great Round World and What Is Going On In It, Vol. 1, No. 19, March 18, 1897 - A Weekly Magazine for Boys and Girls by Various
page 46 of 49 (93%)
page 46 of 49 (93%)
![]() | ![]() |
|
assume the arduous and responsible duties of President of the
United States, relying on the support of my countrymen and invoking the guidance of Almighty God. Our faith teaches that there is no safer reliance than upon the God of our fathers, who has so singularly favored the American people in every national trial, and who will not forsake us so long as we obey His commandments and walk humbly in His footsteps." He then took up the subject of _Money_, and said that he thought the Government wanted to look closely into the Treasury matters, and devise a means whereby we might be able to have as much money as we needed in circulation, without having to keep the enormous reserve of gold, which costs us such ruinous interest every year. He would like to have all the laws relating to the coining of money and banking of money carefully revised, and to put our money system on such a sound basis that it will not be threatened with change at each change of party. He said that he hoped to make the other Powers of the world agree with him about the wisdom of bimetalism--which means the equal use of silver and gold. Many of our present troubles have been supposed to come from the fact that we cannot pay our debts to foreign countries in silver, but only in gold, and that we have not enough gold to pay all the debts we owe, and so we are obliged to borrow gold from these foreign countries at ruinous interest, to pay back again to them. President McKinley hopes that we may arrange with other countries to take silver or gold equally the one with the other, just whichever happens to be most plentiful at the time. |
|