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To: PeaRidge; DiogenesLamp; jmacusa
PeaRidge: "He has spent days telling all about specie.
He must have a good source of data on who owned it."

Your own Treasurer's Report of 1861 (p90) shows US gold reserves as hundreds of millions of dollars.
So there's no reason to speculate on who owned that money.

PeaRidge: "it doesn't matter...for two reasons.

  1. The dollar percentage was too low to change the ratios and
  2. there is no way to say there is a relationship of specie to imported goods.
Another BroCanard rabbit trail."

Hardly!
First, in 1860 exports of specie at $58 million (15% of $400 million) were second only to cotton itself as the US largest export category.
The next largest category, Northern manufactures, was less than half the amount of specie.

Second, just like any other export, specie produced credits available to balance import books.

Bottom line, PeaBrain, is that you've made arguments here which hold no water, indeed are nothing but hot air.

1,415 posted on 10/12/2016 8:38:46 AM PDT by BroJoeK (a little historical perspective...)
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To: BroJoeK
You misread the report. The section of the report you quote does not identify the owner(s) of the specie shipped. You can see in the tables that specie was reshipped via American ports, meaning that the origin of the specie could be Mexico, Chile, or the Philippines.

Point is that you continue to make claims that are unsupported by the data.

1,446 posted on 10/12/2016 1:29:15 PM PDT by PeaRidge
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To: BroJoeK

Bottom line, BroCanard, you do not know the owner(s) of specie, reason for export, or numerical portion of the trade if any at all.

You are just tossing that amount in to try to prove another point that is not anywhere near being true.


1,450 posted on 10/12/2016 1:37:19 PM PDT by PeaRidge
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