Page:Coin's Financial School.djvu/44

 28 silver as the unit, the commercial value of 371¼ grains of pure silver is a dollar, and an ounce of silver is worth $1.29 29-100, and 23 2-10 grains of gold is worth a dollar, and an ounce of gold would be worth $20.68 64-100.

"I will illustrate it," and as said this he quickly drew on the blackboard behind him the picture of two hands each drawing a cord through a hole in a beam of wood with blocks on the ends of the cords.



"Now," said as he leaned over and borrowed from Mr. Owen F. Aldis his cane, and pointing at the drawing on the blackboard, continued: "The hand drawing on the cord represents the power of unlimited demand—the beam represents the price at which the demand stops—and the two little blocks on the ends of the cords, as close up against the beam as they can get, represent silver and gold.

The demand is represented by the two hands; if the one on the silver cord should relax its pull, the little wood block representing silver would drop down. The