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From Secretary Windom's Last Speech

From Secretary Windom's Last Speech image
Parent Issue
Day
30
Month
October
Year
1896
Copyright
Public Domain
OCR Text

The quality of a circulation is even more important than the quantity. Numerons devices for enlarging credit may, and often do, avert the evils of a deficiƫnt circulation, and a redundancy may sometimes modify its own evils before their results become univci'sal, but for the baleful effects of a debased and fluctuating currency there is no remedy except by the costly and difflcult return to sound money. As poison in the blood permeates arteries, veins, nerves, bruin and heart, so does a debased and fluctuating currency permeate all the arteries of trade, paralyze all kinds of business and bring disaster to all kinds of people. How many hours a day, at Z% cents an hour, Mexican style, would an American workiugman havo to work ia order to own his own houso? That is a f ree si 1 ver questioa.

Article

Subjects
Old News
Ann Arbor Democrat