People's Pilot, Volume 4, Number 51, Rensselaer, Jasper County, 13 June 1895 — SILVER WAS the UNIT IN 1792. [ARTICLE]

SILVER WAS the UNIT IN 1792.

Judge Caldwell of-Iow«, one of the highest authorities on legal and historical matters in the country says emphatically that silver was the unit of value from the act of 1792 to the demonetizing act of 1873. The following are his words: “I have no hesitation, therefore, in saying that I am in favor of the immediate and unconditional free coinage of gold and silver at the ratio of 16 to 1, making the silver dollar the unit of value as it was under the act of 1792.”