Front Page Titles (by Subject) Preface to the Fourth Edition - The History of Bimetallism in the United States
Preface to the Fourth Edition - J. Laurence Laughlin, The History of Bimetallism in the United States 
The History of Bimetallism in the United States (New York: D. Appleton, 1898). 4th ed.
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- Preface to the Fourth Edition
- Preface to the First Edition
- Part I: The United States, 1792-1873
- Part I, Chapter I: The Arguments of Bimetallists and Monometallists
- Part I, Chapter II: The Silver Period, 1792-1834
- Part I, Chapter III: Cause of the Change In the Relative Values of Gold and Silver, 1780-1820
- Part I, Chapter IV: Change of the Legal Ratio By the Act of 1834
- Part I, Chapter V: The Gold Discoveries and the Act of 1853
- Part I, Chapter VI: The Gold Standard, 1853-1873
- Part I, Chapter VII: The Demonetization of Silver
- Part II: The Late Fall In the Value of Silver
- Part Ii, Chapter VIII: The Production of Gold Since 1850
- Part Ii, Chapter IX: India and the East
- Part Ii, Chapter X: Germany Displaces Silver With Gold
- Part Ii, Chapter XI: France and the Latin Union
- Part Ii, Chapter XII: Cause of the Late Fall In the Value of Silver
- Part Ii, Chapter XIII: The Continued Fall In the Value of Silver Since 1885
- Part III: The United States Since 1873
- Part Iii, Chapter XIV: Silver Legislation In 1878
- Part Iii, Chapter XV: Operation of the Act of 1878
- Part Iii, Chapter XVI: Act of 1890
- Part Iii, Chapter XVII: Cessation of Silver Purchases, 1893
- Appendix II: Relative Values of Gold and Silver
- Appendix Iv, Coinage Laws
- Appendix VII: Consumption of the Precious Metals In the Arts.
Fourth Edition, with New Appendices,
A Study on the Fall of Silver Since 1885, and the Experience of the United States with Silver Since 1878
To M. M. L.
"Oftentimes have we reflected on a similar abuse
In the choice of men for office, and of coins for common use;
For your old and standard pieces, valued and approved and tried,
Here among the Grecian nations, and in all the world beside,
Recognized in every realm for trusty stamp and pure assay,
Are rejected and abandoned for the trash of yesterday;
For a vile, adulterate issue, drossy, counterfeit and base,
Which the traffic of the city passes current in their place!"
ARISTOPHANES, "Frogs," 891-898, Frere's Translation.
"Whilst each of the two metals was equally a legal tender for debts of any amount, we were subject to a constant change in the principal standard measure of value. It would sometimes be gold, sometimes silver, depending entirely on the variations in the relative value of the two metals; and, at such times, the metal which was not the standard would be melted and withdrawn from circulation, as its value would be greater in bullion than in coin."
Preface to the Fourth Edition
In the second edition, published in 1888, additions were made to the appendices; but no revision of the body of the text was made until 1896.
The demand for this volume in the summer of 1896, when the revision was going on, was such that the publishers issued a third edition with the appendices revised to this year, and a new chapter at the end of Part II (Chapter XIII). The chapters in Part III, relating to the bimetallic history of the United States in the third edition, ended with the year 1886. Additional chapters, covering the story of our silver experiment to its legislative end in 1893, are now presented in this fourth edition (Chapters XV, XVI, and XVII); and the status of our metallic currency is shown, so that the reader may be able to judge intelligently of the wisdom of future proposals in regard to gold and silver. Three new Charts (XVIII, XIX, and XX), illustrative of our monetary history since 1878, are also added to this edition.
It may not be necessary to inform readers again that I have aimed in this book to present only the facts bearing on the experiments of the United States with metallic money. No special attention, therefore, has been devoted to the theory of bimetallism or to the larger principles of money involved in current discussions. In a historical study, such as this aims to be, there is neither space nor propriety for an extended treatment of principles. Hence I do not wish to be regarded as having tried to "settle the money question" merely by this book, even though the facts given must necessarily have an important bearing on the acceptance or rejection of current schemes. In due time I hope to present a careful discussion of the principles of money, and also an examination of the logic and theory of bimetallism.
J. Laurence Laughlin.
- THE UNIVERSITY OF CHICAGO,