People's Pilot, Volume 4, Number 13, Rensselaer, Jasper County, 14 September 1894 — Slander Refuted. [ARTICLE]

Slander Refuted.

In refuting the charge of certain gold-bug writers that the panic was brought about by distrust of the country’s ability to maintain all its currency equal to gold, the Denver News asserts that “there is not a shadow of basis for that fling at the credit of the United States. There never was a moment during the panic when gold had a preference over other forms of money. People who hoarded away cash valued one kind just as much as another. As for silver dollars, they brought a premium over gold for weeks in the city of New York.”