Crossword-Solution: DEMONETIZE 10 letters, 3 clues 🏆 scrabble score: 22

The almost simultaneous discovery of such large abundance of gold in so many quarters of the world led some nations so much to dread an enormous depreciation of this metal, that they ceased to make it the standard of value--Holland for instance did so for a while, though she has since changed her mind; and it has been found convenient to invent a word, 'to demonetize' to express this process of turning a precious metal from being the legal standard into a mere article of commerce.

Every government was compelled to demonetize it, for when once gold had fallen into contempt it was less valuable in the eyes of the public than stamped paper.

Congress has therefore, in my judgment, no power to demonetize silver any more than to demonetize gold; no power to demonetize either any more than to demonetize both.

And now, sir, I want to state in conclusion, without any purpose to bind myself to detail, that I will vote for any measure that will, in my judgment, secure a genuine bimetallic standard--one that will not demonetize gold or cause it to be hoarded or exported, but will establish both silver and gold as common standards and maintain them at a fixed ratio, not only in the United States but among all the nations of the world.

But suppose there had been a general demonetization of gold instead of silver, how would the ratio have stood then? Would not the same reasoning prove silver unchangeable, and gold the fluctuating metal? Oh, nonsense! it is impossible to demonetize gold, because the civilized world recognizes it as an invariable standard by which all commodities are measured in value.