that denomination the Jay Gould estate could be carried by one man.


=But silver certificates would not remain at par.=

At par with what? Everything in the universe is at par with itself. The
volume of certificates issued by the government would be exactly the
amount of the metal deposited, and that amount could never be suddenly
increased or diminished, for the product of the mines in any one year is
very seldom more than three per cent. of the stock already on hand, and
half of that is used in the arts. It is self-evident, therefore, that such
certificates would be many times more stable in value than any form of
bank paper yet devised.


=Gold would go out of circulation.=

It has already gone out. Under the present policy of the government we
have all the disadvantages of both systems and the advantages of neither,
with the added element of chronic uncertainty and an artificial scare
gotten up for political purposes.


=And that very scare shows an important fact which you silverites ought
to heed--that nearly all the bankers and heavy moneyed men are opposed to
free coinage.=

Nearly all the slaveholders were opposed to emancipation. All the
landlords in Great Britain were opposed to the abolition of the Corn Laws,
and all the silversmiths of Ephesus were violently opposed to the