NOT GOLD ALONE
SILVER AS CURRENCY CANADIAN APPEAL (Received 9th October, 10 a.m.), TORONTO, Bth October. _ Gold alone'as. a' bagis for domestic currency and! international exchange settlement is insufficient, said the Minister of Trade and Commerce, Mr. H. H. Stevens, addressing the Empire' Club on Thursday. He was convinced. that fiduciary currency,' while highly convenient for. international trade in times of peaceful stability, was the subject of extreme fluctuations in periods of social and economic disturbance. Consequently, it could not be, considered a reliable measure of valuos. Silver was a most vital element in the trade structure and still played an important part in the activities of a large portion of the world's population. ''Restore silver to its ancient position as a companion, with gold as the basis of real and useable' money, open once again the mints of the world to silver, and you will restore and stabilise tho economic life of two-thirds1 of the human race and open to the nations of the" Western civilisation those vast markets which by the wanton action of 1873 have been gradually but surely closing to your trade."
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Bibliographic details
Evening Post, Volume CXII, Issue 87, 9 October 1931, Page 7
Word Count
186NOT GOLD ALONE Evening Post, Volume CXII, Issue 87, 9 October 1931, Page 7
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