National Affairs: Proposals

Five proposals about the future of the C. S. dollar were the substance of the President's money message to Congress: 1) To issue no more gold coins; in future to keep all the monetary gold of the U. S. in the form of bullion [big gold bars] which will be used only in settlement of international trade balances. This step, generally foreseen, caused no surprise. Since gold coin is in little demand except in times of crisis and at such times goes into hoarding, it is worse than useless to the nation as a...

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