Currency of Uruguay issued a series of notes dated 25 August 1887, printed by Waterlow and Sons: 10, 20, and 50 centésimos and 1, 2, 5, 10, 20, 50, 100, 200, and 500 pesos "moneda nacional oro sellado" (national gold currency). Banco Nacional failed in the financial crisis of 1893. Its outstanding notes were redeemed by the government in 1896. The silver peso, 25·00 g, dated 1877 (300,000 pieces) was 0·917 fine but all subsequent issues were 0·900 fine (0·1 million 1878, 1·1 million 1893, 1 million 1895). The other silver coins, all 0·900 fine, were: 10c, 2·50 g (3 million 1877, 1
Free silver standard which had been the hallmark of the Cleveland administration to the free-silver position epitomized by 1896 presidential nominee William Jennings Bryan in his Cross of Gold speech. Bryan's 1896 candidacy was supported by Populists and "silver Republicans" as well as by most Democrats. The issue was over what would back the US currency. The two options were: "gold" (wanted by the Goldbugs and William McKinley) and "silver" (wanted by the Silverites and Bryan). Unbacked "paper" (wanted by the Greenbacks) represented a third option. A fourth option, currency backed by "land value", was advocated by Senator Leland Stanford through several