Business & Finance: Smart Silver

Five notable results of President Roosevelt's silver purchasing policy have been: 1) a panic in China, 2) temporary dislocation of the Mexican banking system, 3) enrichment of a number of speculators at home & abroad, 4) accumulation of an enormous hoard of bullion which the Treasury may never be able to sell and 5) booming bar trade in all the mining camp saloons of the Mountain States.

Last week the saloons in Virginia City, Nev. rocked with reports that "Eastern interests" were ready to put new money into old mines of the Comstock...

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