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THEORY.

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Difficulty of the subject
Bimetallism an Economic Heresy
Radical error of Economic Dogma

(a) as to the Mercantile System
(B) as to the essential nature and

function of Money
Mr. Giffen's Logic
What Money is : and wherein consists

its essential DIFFERENCE from Com

modities
Mr. Giffen on Bimetallism
Fixing a Ratio, not an absurdity :

and why
The True Standard of Value .
Decline in Silver, due not to Nature

(increase of supply) but Law (dimin

ution of demand)
Mr. Giffen on Money
The Old System
The Arch Offender
The Bill of 1819 and its effects
The Bank Charter Act of 1844 and its

effects
The Discoveries of Gold in 1850
Political Economy refutes its own

Dogma
The Anti-Silver Mania
Consequences of the Corner in Gold
Conclusion

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HISTORY.

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"Hold: there's money for thee to spend.'
'Tis silver: I disdain it.'
How now : hast thou the gold ?'
Yes.'
'But came it freely ?'

THE Jew of MALTA THE

CORNER IN GOLD:

IN A LETTER

FROM A GENTLEMAN OF EAST LOTHIAN IN TOWN

TO HIS PRETTY COUSIN IN THE COUNTRY.

So it seems, my dear Meg, that you cannot make head or tail of Bimetallism.' You assure me, that notwithstanding the most prodigious and superhuman exertions you invariably rise from the study of your authorities with a feeling of utter despair and a splitting headache. Your difficulties, you say, have refused to disappear, although you have actually purchased Mr. Robert Giffen's Case against Bimetallism, and read it, by the aid of wet towels and green tea, three times

B

'quite through' from cover to cover. At length, like a drowning man catching at straws, or a vessel in imminent danger of foundering, and throwing out signals of urgent distress, you have abandoned all further effort, left off struggling ineffectually with a superior agency, and appealed to myself; declaring emphatically that unless I can help you to bring order into your chaos, you will presently burn all your books, resign the presidency of the Fairyknowe Ladies' Debating Society, cease to attend the lectures of the University Extension (a penalty all the greater because, as you tell me, the young Oxford lecturer next on the list is reported to be extremely good. looking), forswear the higher culture, and devote yourself to sick-nursing, or some other pursuit at once more enlivening, more suited to your intellect, and more fertile in solid results, than what you petulantly term

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