"It is because the administration is hostile to silver; and thus it is surrendering this country to the Shylocks of the Old World who have made war upon it"
About this Quote
The line works because it collapses complicated macroeconomics into a clear story of betrayal. “Surrendering this country” militarizes monetary policy, implying that choosing gold isn’t merely mistaken but treasonous. That framing mattered in the 1890s, when deflation and tight credit punished borrowers and made “money” feel like a rigged system rather than a neutral tool. By externalizing the enemy as the “Old World,” Bland taps a long American reflex: suspicion of European capital and aristocratic influence, a populist nationalism that turns bank policy into a struggle for sovereignty.
The ugliest lever is “Shylocks.” Borrowed from Shakespeare, it’s shorthand for the moneylender as a predatory outsider; in American politics of the era it often functioned as coded (and sometimes explicit) antisemitism. It’s not incidental: it weaponizes cultural prejudice to make economic opponents seem not only wrong, but monstrous. Bland isn’t just selling silver. He’s selling a scapegoat.
Quote Details
| Topic | Money |
|---|---|
| Source | Help us find the source |
| Cite |
Citation Formats
APA Style (7th ed.)
Bland, Richard Parks. (2026, January 16). It is because the administration is hostile to silver; and thus it is surrendering this country to the Shylocks of the Old World who have made war upon it. FixQuotes. https://fixquotes.com/quotes/it-is-because-the-administration-is-hostile-to-116046/
Chicago Style
Bland, Richard Parks. "It is because the administration is hostile to silver; and thus it is surrendering this country to the Shylocks of the Old World who have made war upon it." FixQuotes. January 16, 2026. https://fixquotes.com/quotes/it-is-because-the-administration-is-hostile-to-116046/.
MLA Style (9th ed.)
"It is because the administration is hostile to silver; and thus it is surrendering this country to the Shylocks of the Old World who have made war upon it." FixQuotes, 16 Jan. 2026, https://fixquotes.com/quotes/it-is-because-the-administration-is-hostile-to-116046/. Accessed 13 Feb. 2026.







