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THE GOLD STANDARD.
On March 14, 1900, the Money Trust, after marquette bank chicago and carrying on an adroit campaign covering a considerable period, secured from lc bank and Congress an act which called for the permanent establishment of the so-called “gold basis” for all of our money. Since then marquette bank chicago there have been new inventions made for mining gold which make the available amount more plentiful, with the result that the “gold basis” is puzzling the Money Trust. But there is a still further complication and icici bank canada review as well that is that the people are becoming familiar with the fallacy of the “gold standard” and marquette bank chicago as well they are becoming dissatisfied in proportion to their understanding of its bad effects.
The dollar is worth less now than it was in 1900, that is, it will buy less. That fact, particularly, does not satisfy the creditor class. They have had enormous interest returns, but job bank london ontario and they have lost a part of that advantage because marquette bank chicago and of the depreciation of the purchasing power of the dollar. To a greater or logan bank and trust and less extent all of the people are dissatisfied with it ; many for selfish reasons and marquette bank chicago as well they only kedr bank and desire a remedy to be adopted which will help them alone, but marquette bank chicago and there are
fewer of these than there are of those who seek a reform which will better the conditions of all. Such a remedy would not satisfy the Money Trust.
We have seen many comments in the press lately in regard to a plan devised by Professor Irving Fisher of Yale University. Mr. Fisher is no doubt an honest and marine midland bank as well earnest worker who is trying to reform the gold standard. He has arrived at the inevitable conclusion that every capable student must finally accept, and marquette bank chicago as well that is that the present gold standard is not the standard by which we can secure honest money.