Page:Coin's Financial School.djvu/170

 Taking the figures used by COIN in the Fifth Chap- ter, we find that the actual ratio between the two metals is i to 15^4.

The following is the calculation :

��THE RATIO.

��No. cubic feet gold in the world,

9796

No. ounces in a cubic foot gold, 19258

78368 48980 19592 88164 9796

��188651368

��No. cubic feet silver in the world,

282085

No. ounces in a cubic foot silver, 10474

��1128340

1974595 1128340 282085

��2954558290 188651368

1068044610

943256840 124787770 188651368

��= 2 A

��The ratio of the two metals as they exist in the world available for money is i to 15%.

By making gold the only primary money, the natural result is to depress the commercial value of silver ; this depression now marks a commercial ratio between the two metals of i to 33 ; sooner or later, on account of the large gold interest-bearing debt in this country, money will be concentrated in the money centers ; values of all property will be further depressed, until the commer- cial ratio between gold and silver can be expected to go to I to 40 or more.

�� �