You can not get it from gold. for the amount of gold each year. after taking out that used in the arts. is decreasing as to money uses. There is very little variation in the amount of the supply of gold and silver from year to year from the mines. but as civilization increases. with its accompaniments of luxury and ornamentation. as there is more demand for the precious metals iii order to ornament the person and to furnish the plate that adorns the sideboard of the rich and luxurious. you increase the diminution of the precious metals for money. and we must take that into consideration when we look at this subject. We can safely assume that. with an enormously increasing population. 500.000 immigrants coming into this country each year and possibly more in the future. with a population increasing year by year beyond all the census calculations of the past. and. as a matter of course. with the natural accretion that comes with this increasing mature population. we have a decreasing amount of the precious metals. We must. therefore. as legislators. in order to increase the volume of currency. demanded absolutely by the necessities of business. find something else besides gold in order to meet this demand. It is almost incredible.
Keywords matched
immigrants