Those who suggest such an agreement forget that while this nation is a borrower of money, the first and principal nation to demonetize silver is the greatest money lender known to history.
The object was to demonetize one of the metals--that metal which promised the greatest abundance, and which would contribute most largely to maintaining at an equitable level the general range of prices.
And the present is an especially inopportune time to demonetize silver, because the annual production of gold has been falling off for several years.
If it be conceivable that the demonetization of either metal were necessary, why demonetize that which promises the greater and more steady yield?
I say that instead of desiring to strike down silver we will likely build it up; and any measure that could be adopted for an international ratio that will not demonetize gold will meet my approbation and favor.
To ask more seems to me unreasonable, and, if yielded to, will bring all our money to the single silver standard alone, demonetize gold and detach the United States from the standards of the great commercial nations of the world.
It was not the intention of the framers of this law to demonetize silver, because they were openly avowed bimetallists, but it limited coinage to silver bought by the government at market price.
If the market value of the silver in it was less than that of gold coin of the same denomination, and it was issued in unlimited qualities, and made a legal tender for all debts, it would demonetize gold and depreciate our paper money.
If granted by the United States alone it will demonetize gold and derange all the business transactions of our people.
To demonetize gold is to exclude it from the market.
France, unless under pressing necessity, could not demonetize her gold without exposing herself to a complete disturbance in all her relations, both at home and abroad.
If you think government cannot add value to a metal, consider this conundrum: What would be the present value of gold if all nations should demonetize it?
Two years later Baron Alphonse de Rothschild said: "As a sequel we should have to demonetizesilver completely.
The above list will hopefully give you a few useful examples demonstrating the appropriate usage of "demonetize" in a variety of sentences. We hope that you will now be able to make sentences using this word.
