The Austrian silver standard was to prevail throughout that empire.
Up to this date there had existed, in theory, a silver standard with gold rated to it by each succeeding tariff.
As all her rates are now based on a silver standard, postage to foreign countries is much cheaper than from them to Japan.
At the time of the French Revolution, therefore, the silver standard was actually in force.
That is, beginning with the gold standard, and ignoring the silver standard, Mr. Lepper reaches bimetallism!
The coinage was prescribed to consist of gold and silver standard pieces, and gold and silver trade pieces.
They are remnants from an earlier period, when Germany had a silver standard, and the Latin Union a complete bimetallic standard.
It follows from this, that the use of the silver standard in Mexico actually depresses the value of silver there.
Hong Kong, silver standard, is the exchange point between gold and silver countries, and hence important.
Now, at last, the question of the gold standard or the silver standard was fairly before the voters.