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Two Dozen Silver Facts by Charles Savoie

Two Dozen Silver Facts by Charles Savoie

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Published by Gold Silver Worlds
Two dozen silver facts, that's what Charles Savoie presents in his latest report. He has used information resources that he has been developing since the year 2000, many of which still aren’t available on the web, but in library archives.
Two dozen silver facts, that's what Charles Savoie presents in his latest report. He has used information resources that he has been developing since the year 2000, many of which still aren’t available on the web, but in library archives.

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Published by: Gold Silver Worlds on Jul 04, 2014
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11/10/2014

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 wo Dozen Silver Facts
Presented June 2014 by Charles Savoie
I have an etensive research docu!entary under way which I intend to "resent to any interested "arties in the near #uture$ This brie#er "resentation is !eant as an %a""etizer& to the %#ull course !eal& which will #ollow$ Two dozen silver #acts today' That(s so!ethin) !any "eo"le could "resent$ *et(s see what I #ound in the in#or!ation resources I(ve been develo"in) since the year 2000+ !any o# which still aren(t available on the web+ but in library archives$ Fran, -$ S!ith+ s!elter !ana)er o# .un,er /ill  Sullivan -inin)+ in %Silverhat 3bout Its Future& that a""eared in the -inin) Con)ress Journal+ 5ove!ber 1670+ "a)e 800%hen I was as,ed a #ew days a)o to address this convention on the sub9ect o# silver+ I realized the #utility o# atte!"tin) to cover such a vast sub9ect in the short ti!e allotted to !e$ 5evertheless the "rice o# silver is o# such vital i!"ortance that the sub9ect is a ti!ely one #or discussion at a convention o# !inin) !en such as this one$ The sub9ect is an intricate one with innu!erable ra!i#ications and at best only a #ew o# the hi)h s"ots can be !entioned$ The literature on silver is etre!ely volu!inous and while "robably no one !an has read it all+ yet !any o# you have read a )reat deal o# it$&
 
1: Daniel ebster ;1<8218=2: re!ains one o# the best ,nown "olitical #i)ures in 3!erican history$ -any in the hard !oney !ove!ent have seen >uotations #ro! ebster$ ?n February 22+ 1874+ in an address be#ore the @$S$ Senate entitled+ %3 Aedee!able Pa"er Currency+& ebster stated%3ll ban, notes+ to be sa#e+ !ust be convertible into )old and silver at the will o# the holder$ Irredee!able "a"er !oney is !iserable+ abo!inable+ and #raudulenta #raudulent "olicy which atte!"ts to)ive value to any "a"er+ o# any ban,+ one sin)le !o!ent lon)er than such "a"er is redee!able on de!and in )old and silver$&Sounds )reat+ ri)ht So what was Daniel ebster doin)+ ar)uin) #or the second @nited States .an, be#ore the Su"re!e Court+ in %-cCullou)h Bersus -aryland+& which decision+ written by Justice  John -arshall ;an ene!y o# 3ndrew Jac,son:+ a##ir!ed that the State o# -aryland had no "ower to assess any taation on the -aryland branch o# the @nited States .an, ebster was also a !e!ber o# the .ritish connected hi) Party+ which su""orted central ban,in)$ ?stensibly+ the notes issued by the second @$S$ .an, were convertible into "recious !etal$ /owever+ it ri))ed conversion to !a,e note holders travel to the branch !ost distant #ro! the issuin) branchto )et notes redee!ed in s"ecie ;)old or silver:' e had already had the #irst @nited States .an, ;1<611811: and its)ou)in) character was well ,nown$ hat was ebster thin,in) when in 1874+ over 14 years a#ter he de#ended the .an,+ when he said notes should be convertible Did he thin, it reasonable to not
 
convert notes at the issuin) branches In #act+ ebster was a director o# the .oston branch o# the second @nited States .an, ;ehibit #ro! 1824: ebster was also a "olitical adversary o# !ilitary and !onetary hero3ndrew Jac,son$ In the end+ what "eo"le do !atters !ore thanwhat they say$

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