Entirely so. and unfortunately so. I made many speehes against it. It was a great disadvantage to the Pacific coast. because people from the East would not go there and. stand the discount. it absolutely kept out immigration and almost all travel for fifteen years while the difference between the money of the East and California remained. The coin basis was established. I was willing at the time they should try the experiment of issuing currency on a specie basis. That is all there was of it. If my critics would make thesame effort to inform themselves with regard to the silver question that they do to misrepresent me. they would advocate free coinage.
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immigration