The disastrous lessons of the past serveas awarning for the future. If we persist in our advocacy of a single gold standard. the same influences which destroyed bimetallism are still at work to still further enhance the value of bonded debts. The enormous values of the lands inhabited by the Mongolian and Hindoo races and those of South America and Mexico are still measured in the white metal. and as the bonded debts of these nations to the money lenders of Europe daily increase. how long will it be. think you. if we make no effort to counteract the baneful influence on property values of the propaganda of the golden calf. ere by cunning sophistry. by bulldozing threats of ruined credit. aye. by brute power. they will force these nations on to the gold standard. and. think you. this further extension of the measuring value of gold will not increase the purchasing power of the gold unit. and that to an extent that will still further largely increase the value of all debts? This is no idle speculation. for England has already partly consummated her plans in this direction in India. and in the guise of advocating a uniform currency in the interest of commerce the moneyed interests are working industriously to this end all over the world.. If this measure is not a good one. what has been offered in its stead?
Keywords matched
Mongolian