A Measure Proposed to Secure to the People a Safe Treasury And a Sound Currency
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Robberies, bur- glaries, and murders are frequently induced by the practice of hoarding. It is believed that the plan proposed would check this injurious habit.
3. The specie thus deposited would not he with- draitm from circulation. On the contrary, it would be as available as if it remained in actual circulation. The specie certificates, representing as they would dollar for dollar, would be as advantageous, for the pur- pose of currency, as the coin itself. For making pay- ments to the gover...nment, and for domestic exchanges, and in other large monied transactions, they would be more convenient than coin, by reason of their porta- bility, the readiness by which they could be counted, and their facility of transmission.
4. The specie thus deposited looidd constitute a great reserve, to he ivithdraiun, at any time ivhen a special de- mand for coin might arise, without the slightest disturhance of the commerce, finances, or loan market of the country. This is undoubtedlv a most beneficial feature: and that it may be better uiiderstoocl, a brief reference to the usual causes of wliat is called a financial crisis, is appropriate.
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To quickly assess the difficulty of the text, read a short excerpt:
Robberies, bur- glaries, and murders are frequently induced by the practice of hoarding. It is believed that the plan proposed would check this injurious habit.
3. The specie thus deposited would not he with- draitm from circulation. On the contrary, it would be as available as if it remained in actual circulation. The specie certificates, representing as they would dollar for dollar, would be as advantageous, for the pur- pose of currency, as the coin itself. For making pay- ments to the gover...nment, and for domestic exchanges, and in other large monied transactions, they would be more convenient than coin, by reason of their porta- bility, the readiness by which they could be counted, and their facility of transmission.
4. The specie thus deposited looidd constitute a great reserve, to he ivithdraiun, at any time ivhen a special de- mand for coin might arise, without the slightest disturhance of the commerce, finances, or loan market of the country. This is undoubtedlv a most beneficial feature: and that it may be better uiiderstoocl, a brief reference to the usual causes of wliat is called a financial crisis, is appropriate.
What to read after A Measure Proposed to Secure to the People a Safe Treasury And a Sound Currency?
You can find similar books in the "Read Also" column, or choose other free books by James Ross Snowden to read onlineMoreLess
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