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Richardson, James D. (James Daniel), 1843-1914

"Volume 8, part 2: Chester A. Arthur"


Secondly. The establishment of the consular service of the United States
on a salaried footing, thus permitting the relinquishment of consular
fees not only as respects vessels under the national flag, but also as
respects vessels of the treaty nations carrying goods entitled to the
benefits of the treaties.
Thirdly. The enactment of measures to favor the construction and
maintenance of a steam carrying marine under the flag of the United
States.
Fourthly. The establishment of an uniform currency basis for the
countries of America, so that the coined products of our mines may
circulate on equal terms throughout the whole system of commonwealths.
This would require a monetary union of America, whereby the output of
the bullion-producing countries and the circulation of those which
yield neither gold nor silver could be adjusted in conformity with
the population, wealth, and commercial needs of each. As many of the
countries furnish no bullion to the common stock, the surplus production
of our mines and mints might thus be utilized and a step taken toward
the general remonetization of silver.


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