The digital edition of all books may be viewed on our website before purchase. Excerpt from Resumption and the Silver Question: Embracing a Sketch of the Coinage and of the Legal-Tender Currencies of the United States and Other Nations; A Hand-Book for the Times (Classic Reprint)
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The object of the following pages is to present in a concise manner the irreconcilable distinction between currencies of banks and bankers of commerce which are instruments arising out of production and trade ;which are essential to their operations on a large scale; which are limited by their extent; which represent a corresponding amount of existing capital, and arc discharged by its use, and which are most beneficent in their rtsult: and those of Government notes, which do not arise Jout of production and trade; which have no relast. tion to the extent of the latter; which, instead of representing a corresponding amount of existing capital, represent its waste ;which do not disappear by their use ;and which, having the force of money by being legal tender, are necessarily highly maleficent in their result. The conclusions of the writer have been supported by illustrations drawn from the most memorable examples in history.
(Typographical errors above are due to OCR software and don't occur in the book.)
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Vendeur : Forgotten Books, London, Royaume-Uni
Paperback. Etat : New. Print on Demand. This book explores the complex relationship between currencies of banks and bankers and those of governments. The author argues that banking currencies are essentially instruments arising out of production and trade, representing a corresponding amount of existing capital. In contrast, government notes do not arise out of production and trade, have no relation to their extent, and instead of representing a corresponding amount of existing capital, represent its waste. The author provides historical examples to support their conclusions and appeals to the intelligence of every citizen to help excite a wide discussion of the subject. This book is essential reading for anyone interested in finance, economics, or history. This book is a reproduction of an important historical work, digitally reconstructed using state-of-the-art technology to preserve the original format. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in the book. print-on-demand item. N° de réf. du vendeur 9781331545613_0
Quantité disponible : Plus de 20 disponibles
Vendeur : PBShop.store US, Wood Dale, IL, Etats-Unis
PAP. Etat : New. New Book. Shipped from UK. Established seller since 2000. N° de réf. du vendeur LW-9781331545613
Quantité disponible : 15 disponible(s)
Vendeur : PBShop.store UK, Fairford, GLOS, Royaume-Uni
PAP. Etat : New. New Book. Shipped from UK. Established seller since 2000. N° de réf. du vendeur LW-9781331545613
Quantité disponible : 15 disponible(s)