A New Monetary System: the Only Means of Securing the Respective Rights of ...
A New Monetary System: the Only Means of Securing the Respective Rights of ...
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In our eReader you can find the full English version of the book. Read A New Monetary System: the Only Means of Securing the Respective Rights of ... Online - link to read the book on full screen. Our eReader also allows you to upload and read Pdf, Txt, ePub and fb2 books. In the Mini eReder on the page below you can quickly view all pages of the book - Read Book A New Monetary System: the Only Means of Securing the Respective Rights of ...
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The money is not usable as property, it is not susceptible of being im- proved by labor, nor is it competent in itself to supply any want of man, or to make any improvement. It is dead in their hands, and they at once part with it for something which is usable, such as materials that can be improved^ or houses that will shelter themselves and their families, or lands upon which they can raise crops^ or goods^ wares and merbhandise which they can use, or can exchange for a profit.
As we have sai...d, the per centage interest that borrowers agree to pay for the use of money, simply determines what per centage rent they shall pay for the actual use of a certain amount of property for a given period. Bor- rowers use the property, not the money ; and from the property they must produce or gain the means to pay the interest. If F. be a fisi,rmer, and borrow from A. $1,000 at seven per cent., F* must raise one hundred and forty bushels of com, and sell it at fifty cents a bushel to pay the yearly interest of seventy dollars.
What to read after A New Monetary System: the Only Means of Securing the Respective Rights of ...?
You can find similar books in the "Read Also" column, or choose other free books by Edward Kellogg, Mary Kellogg Putnam to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
The money is not usable as property, it is not susceptible of being im- proved by labor, nor is it competent in itself to supply any want of man, or to make any improvement. It is dead in their hands, and they at once part with it for something which is usable, such as materials that can be improved^ or houses that will shelter themselves and their families, or lands upon which they can raise crops^ or goods^ wares and merbhandise which they can use, or can exchange for a profit.
As we have sai...d, the per centage interest that borrowers agree to pay for the use of money, simply determines what per centage rent they shall pay for the actual use of a certain amount of property for a given period. Bor- rowers use the property, not the money ; and from the property they must produce or gain the means to pay the interest. If F. be a fisi,rmer, and borrow from A. $1,000 at seven per cent., F* must raise one hundred and forty bushels of com, and sell it at fifty cents a bushel to pay the yearly interest of seventy dollars.
What to read after A New Monetary System: the Only Means of Securing the Respective Rights of ...?
You can find similar books in the "Read Also" column, or choose other free books by Edward Kellogg, Mary Kellogg Putnam to read onlineMoreLess
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