1874

Ernest Seyd himself admitted who was behind the demonetizing of silver in America, when he makes the following statement,

"I went to America in the winter of 1872-1873, authorized to secure, if I could, the passage of a bill demonetizing silver. It was in the interests of those I represented, the governors of the Bank Of England, to have it done. By 1873, gold coins were the only form of coin money."