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Sixteen to one is the arbitrary ratio of the number of ounces of silver equal in value to one ounce of gold in the bi-metallic monetary system established by Portugal in 1688.
- History and Geology of the Sixteen to One Mine
After a long and colorful history, the renowned Sixteen to...
- Chronology of Events – Original 16 to 1 Mine
William Jennings Bryan gave “Cross of Gold” speech...
- History and Geology of the Sixteen to One Mine
After a long and colorful history, the renowned Sixteen to One gold mine at Alleghany, Sierra County, was shut down in December 1965. This was only after a long but vain attempt to surmount the difficulties that have beset the domestic gold mining industry since World War II.
29 paź 2014 · The stage was set for a gold-versus silver showdown in 1896. 1896 campaign buttons from our collection. "16 to 1" referred to the weight ratio of silver to gold in the coinage of money: 16 ounces of silver equaled an ounce of gold.
In 1837, Congress established a relationship between silver and gold at the ratio of 16 to 1 (meaning that 16 ounces of silver were to be equal in value to one ounce of gold). During the war years of the 1860s, little silver was mined and the open market price rose sharply.
To Silver Democrats, federal coinage of silver (at a weight ratio of 16 ounces to 1 ounce of gold, hence the slogan "16 to 1") was a moderate solution to the currency problem. After all, silver was a precious metal, not mere paper.
Supporters of an important place for silver in a bimetallic money system making use of both silver and gold, called "Silverites", sought coinage of silver dollars at a fixed weight ratio of 16-to-1 against dollar coins made of gold.
William Jennings Bryan gave “Cross of Gold” speech advocating coinage minted from 16 parts silver to 1 part gold. (16-1) 1896: Tom Bradbury located the Sixteen to One vein in his backyard. 1900 – March 14: U.S. on gold standard. 1908: H.L. Johnson applies for patent on Contract, Contract Extension and consolidates Rainbow, Red Star & El ...
