Excerpt from Silver in Its Relation to Industry and Trade, Vol. 1: The Danger of Demonetizing It; The United States Monetary Commission of 1876
The title of this book proclaims to the reader, at the outset, that it deals with questions of the deepest interest to our race. As a defence of the money of industry - of that money which the hand of industry provides for its own exchanges - it appeals to the men who create our wealth as well as to the men who are engaged in the distribution of that wealth. Farmers and merchants, manufacturers and tradesmen, artisans and working men, are all equally interested in the discussion of these monetary problems. A thorough knowledge of the great principles of monetary science is especially incumbent on young men just entering on the active pursuits of life. They, of all men, ought not to rest satisfied with that which is dubious and doubtful in matters so closely connected with their daily avocations. If there is a wrong way, it will, if followed, be a wrong way for all, and must eventually bring disaster and ruin upon all - if there is a right way, it must be a right way for all, and must bring comfort and prosperity to all. In a popular sense, and in view of the greatness of its range, Political Economy may not inaptly be called the science of human well-being. Its doctrines, if rightly applied, will rob no man of a single necessary, a single comfort, or even of a luxury. That there is ample justification for the statement frequently made that monetary science appears to be a very abstruse and complicated affair, and beyond the reach of ordinary minds, no one can deny. But it is not true that there is, in the science itself, any justification for such a charge. And my hope is that the reader who, with but ordinary attention, follows me through these pages, will be free to agree with me in this opinion when he closes the volume. I have written the work in the endeavour, principally, that interest in such a momentous subject should not be left entirely in the hands of experts and scientific men, but may be transmitted, if possible, to the people at large. It is emphatically a people's question, and will never be settled till the people take it up and settle it for themselves.
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