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Editorial
September 5, 1896
Birmingham State Herald
Birmingham, Jefferson County, Alabama
What is this article about?
The 1892 Declaration advocates for a bimetallic standard using both gold and silver as money, with free coinage, maintained parity, and redeemable paper currency to protect farmers and laborers from currency fluctuations.
Clipping
OCR Quality
100%
Excellent
Full Text
1892 Declaration.
We hold to the use of both gold and silver as the standard money of the country, and to the coinage of both gold and silver without discriminating against either metal or charge for mintage, but the dollar unit of coinage of both metals must be of equal intrinsic and exchangeable value, or be adjusted through international agreement, or by such safeguards of legislation as shall ensure the maintenance of the parity of the two metals, and the equal power of every dollar at all times in the markets, and in payment of debt; and we demand that all paper currency shall be kept at par with and redeemable in such coin. We insist upon this policy as especially necessary for the protection of the farmers and laboring classes, the first and most defenseless victims of unstable money and a fluctuating currency.
We hold to the use of both gold and silver as the standard money of the country, and to the coinage of both gold and silver without discriminating against either metal or charge for mintage, but the dollar unit of coinage of both metals must be of equal intrinsic and exchangeable value, or be adjusted through international agreement, or by such safeguards of legislation as shall ensure the maintenance of the parity of the two metals, and the equal power of every dollar at all times in the markets, and in payment of debt; and we demand that all paper currency shall be kept at par with and redeemable in such coin. We insist upon this policy as especially necessary for the protection of the farmers and laboring classes, the first and most defenseless victims of unstable money and a fluctuating currency.
What sub-type of article is it?
Economic Policy
What keywords are associated?
Bimetallism
Gold And Silver Standard
Free Coinage
Currency Parity
Farmers Protection
Laboring Classes
Unstable Money
Editorial Details
Primary Topic
Advocacy For Bimetallic Currency Standard
Stance / Tone
Strong Support For Gold And Silver Parity
Key Arguments
Use Of Both Gold And Silver As Standard Money
Coinage Of Both Metals Without Discrimination Or Mintage Charge
Dollar Unit Of Both Metals Must Have Equal Intrinsic And Exchangeable Value
Parity Maintained Through International Agreement Or Legislative Safeguards
Equal Power Of Every Dollar In Markets And Debt Payment
All Paper Currency Kept At Par And Redeemable In Such Coin
Policy Necessary To Protect Farmers And Laboring Classes From Unstable Money