vi CONTENTS. 



BOOK SECOND. 



THE IMPENDING REVOLUTION. 



INTRODUCTION 391 



CHAPTER I. MONOPOLY OF EXCHANGE Money Its uses 

 Various kinds of money Volume of money How it controls 

 prices False theories Report of Silver Commission Views 

 of Wm. H. Crawford, Abraham Lincoln, Grover Cleveland and 

 Roger Q. Mills David Hume in Essays on Money From The 

 American Review A vile conspiracy The Hazzard circular 

 Secretary Chase's recommendation TheBuell bank circular 

 Contraction and destruction of the greenback Hugh McCul- 

 loch's recommendation Resolution in Congress to contract 

 the currency McCulloch's report Text of the law -Table 

 showing the circulating medium during the period of contrac- 

 tion Table showing business failures during the same period 

 Table showing the fall of prices of products during the period 

 of contraction Table showing the purchasing power of a 

 dollar at different periods during contraction Effect of con- 

 traction on debts and taxes Effects on labor Vote of Congress 

 on contraction ,. 411 



CHAPTER II. MONOPOLY OF EXCHANGE Resumption of specie 

 payments The specie basis fallacy The inadequacy of gold 

 and silver as a circulating medium Extract from speech of 

 Daniel Webster Congress should control the currency 

 Various kinds of money used in the past Thomas Law's 

 seven reasons why paper money is better than coin Opinions 

 of Thomas Atwood McCulloch's political economy Views of 

 Clay, Calhoun and Thomas Jefferson Popular objections to 

 paper money answered The failure of the specie basis system 

 when most needed What the greenback accomplished Its 

 constitutionality Opinions of Daniel Webster, Thomas Jeffer- 

 son and John C. Calhoun Decisions of the United States 

 Supreme Court- Position of the Democratic and Republican 

 parties on resumption Effects of resumption = 440 



CHAPTER III. MoNOPOtY OF EXCHANGE National banks- 

 Leading features of the law Profits of national banks A 

 popular error taught by politicians Their power over the 

 currency and business of the country Warning of Gen. Jack- 

 son Extract from speech of Thomas Benton What Mr. 

 Bayard said Report of Mr. English- -Report of Mr. Treholm 

 What Mr. Wilkins and the committee say The system to 

 be perpetuated Position of parties on the question 469 



