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Money: Speech of Hon. John P. Jones, of Nevada, on the Free Coinage of Silver; in the United States Senate, May 12 and 13, 1890 cover

Money: Speech of Hon. John P. Jones, of Nevada, on the Free Coinage of Silver; in the United States Senate, May 12 and 13, 1890

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About This Book

A senator addresses national economic distress, arguing that widespread falling prices and hardship across agriculture, manufacturing, and commerce stem from a contraction of the money supply caused by the demonetization of silver. He marshals production and wealth statistics to show the nation's material capacity and contends that restoring silver to monetary use—or at least issuing Treasury notes against silver deposits—would stabilize prices, relieve indebted producers and workers, and restore confidence. While endorsing free and unlimited coinage of silver in principle, he explains his support for the reported bill as a practical, ameliorative measure and expresses openness to amendments that better align it with full bimetallic policy.

About the Author

Jones, John P. portrait

John P. Jones

John P. Jones was an American author and politician known for his contributions to discussions on economic and cultural issues in the late 19th century. His notable works include "India's Problem, Krishna or Christ," which explores the intersection of religion and culture in India, and "India, Its Life and Thought," reflecting on the social and philosophical aspects of Indian life. Additionally, he delivered a significant speech on the free coinage of silver in the United States Senate, highlighting his engagement with monetary policy. Through his writings, Jones aimed to bridge understanding between Eastern and Western perspectives.

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