Page:Coin's Financial School.djvu/123

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COIN'S FINANCIAL SCHOOL.
105

eight each, in a square foot, and that one hundred and fourteen laid one upon the other measured a foot in height; that a cubic foot would therefore contain 7,296 silver dollars.

He then explained that the alloy (one-tenth), and the space between the sixty-four stacks of silver dollars, would hold the other $6,248 of the $13,544 in a solid cast cubic foot of pure silver.

He also stated that the gold and silver of the world obtainable for use as money, when mixed with its alloy and coined, could be stacked up in less than double the space it would occupy in solid cast blocks.

The little economist then continued: "All the silver in the world available for money can be stored in the room of the First National Bank of this city and the basement thereunder.

"This is the quantity of silver in the world, and it will be well for you to remember it when you hear some one talking about a flood of silver.

"We have heard a good deal about the treasury vaults at Washington groaning with silver, and more talk of enlarging them.

"The vaults under our treasury building can easily be arranged to hold all of the silver in all of the countries of the world used as money, either in coins, bars or bullion.

"You can empty all of the pockets of the people of the world of their silver, the bank vaults, the merchants' money drawers, the sub-treasuries, the children's safes, all India, Mexico, South America, England, France, Germany, Russia, Italy, Austria, the Netherlands, British America, China, Japan, and the islands, big and little, of the oceans, and you can put it all into this