Abstract

Senator Sherman on Free Coinage

This article deliberates on the issue concerning the free coinage of silver. It is informed that when the debate on free coinage of silver was started in the Senate by the setting aside of the Force Bill, the cause of sound money found a ready and well-equipped champion in senator John Sherman, who led off in a speech of unusual strength and earnestness. Against free bullionage or free coinage Mr. Sherman brings all his powers as a debater, a financier and an economist. He shows that the free coinage of silver would mean the demonetization of gold and the striking out, at one blow, of the larger half of the circulating medium, and the oncoming of a financial crisis more sweeping and disastrous than the world has ever seen.