A very unfortunate law was passed during the war in California and Nevada. allowing specific contracts payable in gold. The law was aimed against the greenback. It was unfortunate for California. because it shut out immigration to that country for fifteen years. No man would stand the discount. people would not visit that section. and it was isolated and shut off from the balance of the world for fifteen years. There was no immigration. no visiting that country. and it was utterly paralyzed. It was not until the moneys of the country were made equal that people would go there. Then immigration went. The goldcontract law was a very prejudicial law. and worked hard against the people. Merchants bought goods with greenbacks and sold them for gold. making thereby colossal fortunes.
Keywords matched
immigration