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) - Couverture souple

Henry V. Poor

 
9781331545613: 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)

Synopsis

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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Présentation de l'éditeur

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.
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