Arnold Print. Works. $10.00 North Adams, Mass.. August 15. 1893, To either of the MERCHANTS or TRADESMEN of North Adams. Please deliver to the Bearer. GOODS CREDIT R MONEY to the value of TEN DOLLARS an this Order will be received on Deposit or Collected by any Bank in Tow 10 And me, your etc.. THIS IS TO CERTIFY, THAT THERE HAS BEEN DEPOSITED IN THIS BANK FIVE DOLLARS, PAYABLE TO THE BEARER OF THIS CERTIFICATE, IN CURRENT FUNDS FOUR MONTHS FROM DATE. CHATTANOOGA, TENN. AUG. 19, 1893. THIS CERTIFICATE WILL BE RECEIVED ON DEPOSIT, O FIRST NATIONAL BANK, SOUTH CHATTANOOGA SAVINGS BANK BY ANY DEBT OR OBLIGATION TO THE CITIZENS BANK & TRUST CO., THIS CERTIFICATE IS SECURED BY THE DEPOSIT OF APPROVED SECURITIES IN THE HANDS or T. G. MONTAGUE, PRES. ADENT FIRST NATIONAL BANK, AS CUSTODIAN TO DOUB THE AMOUNT ALL SUCH ERTIFICATES. MANAGER, CHATTANOOGA CLEARING HOUSE ASSOCIATION. This is one of a series of like instruments, fu amounting to 75 per cent of the purchase price of said shingles. My liability bereto extends only so said propeds and in case less than safd 75 per ount. is received by-me, then this obligation to be paid pro rata with balance of said serves Trustee. SOUND CURRENCY. PUBLISHED SEMI-MONTHLY BY THE SOUND CURRENCY COMMITTEE OF THE REFORM CLUB. ENTERED AS SECOND-CLASS MATTER AT THE NEW YORK, N. Y., POST-OFFICE. Publication Office, No. 52 William St., New York City. Vol. II., No. 18. NEW YORK, AUGUST 15, 1895. $1.00. SUBSCRIPTION, Each number contains a special discussion of some Sound Currency question. • The events which have happened for some time past in the relations of the precious metals have brought to a head the monetary question amongst us, although from 1815 Great Britain has laid down principles which have attracted round her an ever-increasing circle of nations. "The theory of the double standard, on which our monetary law of the year XI. (1803) reposes, has been called in question ever since its origin. "It is, to our conception, less a theory than the result of the primitive inability of the legislators to combine together the two precious metals otherwise than by way of an unlimited concurrence-metals, both of which are destined to enter into the monetary system, but which recent legislators have learned to co-ordinate by leaving the unlimited function to gold awone and reducing silver to the role of divisional money. From 1857 the French Government has studied the question, and it may be stated that since that date the principle of the gold standard has won increasing favor through our several administrations. * "If from 1874 certain precautions had not been taken to arrest the efforts of that grave perturbation in the ratio, France and her monetary allies would have seen their monetary circulation invaded by silver and correspondingly drained of gold."-Preamble, French Monetary Law of 1876. "BIMETALLISM" IN FRANCE.* W. A. SHAW. MONETARY ACTION OF REPUBLICAN FRANCE.. 358 358 THE RATIO BETWEEN GOLD AND SILVER FIXED AT 15 TO 1.. 358 358 * This pamphlet is published by courtesy of G. P. Putnam's Sons, owners of the copyright and publishers of "The History of Currency, 1252-1894." by W. A. Shaw, from which this extract is taken. 364 365 365 366 368 368 |