A Popular Treatise On the Currency Question Written From a Southern Point of View
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In our eReader you can find the full English version of the book. Read A Popular Treatise On the Currency Question Written From a Southern Point of View 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 Popular Treatise On the Currency Question Written From a Southern Point of View
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To quickly assess the difficulty of the text, read a short excerpt:
Exports.
1874 1567,406,342 $586,283,040 1875 533,005,436 513,442,711 1876 460,741,190 540,384,671 1877 451,323,126 602,475,220 1878 437.051.533 694,884,200 Total 5 yrs $2,449,527,627 $2,937,469,842 Yearly aver 489,905,525 587,493,968 Excess Excess of Exports. of Imports.
1874 $18,876,698 1875 $19,562,725 1876 79,643,481 1877 151,152,094 1878 257,832,667 Total 5 yrs $487,942,2x5 Yearly aver 97,588,443 The condition of things which had existed for a series of years before the revulsion of 1873 ha...s been reversed in the five years which have followed that event ; for, whereas the country then imported nearly a hundred millions of dollars' worth of goods a year more than it exported, it has since then ex- ported nearly a hundred million of dollars' worth of produce more than it imported and last year two hundred millions. It is this condition of our foreign trade more than any other cause that has brought 64 THE CURRENCY QUESTION.
our paper circulation to a par with gold. There is no reason for believing that this condition of foreign trade will not continue ; and there is no room for rational doubt either that we shall be able if we choose to maintain our paper perma- nently at par value ; or that, if we prefer to do so, by refraining from an issue of irredeemable paper we shall see the entire vacuum now existing in our currency, to the amount of two hundred mill- ions of dollars filled by gold and silver, either com- ing in from abroad, or remaining with us from the product of our own mines.
What to read after A Popular Treatise On the Currency Question Written From a Southern Point of View?
You can find similar books in the "Read Also" column, or choose other free books by Robert W Robert William Hughes to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
Exports.
1874 1567,406,342 $586,283,040 1875 533,005,436 513,442,711 1876 460,741,190 540,384,671 1877 451,323,126 602,475,220 1878 437.051.533 694,884,200 Total 5 yrs $2,449,527,627 $2,937,469,842 Yearly aver 489,905,525 587,493,968 Excess Excess of Exports. of Imports.
1874 $18,876,698 1875 $19,562,725 1876 79,643,481 1877 151,152,094 1878 257,832,667 Total 5 yrs $487,942,2x5 Yearly aver 97,588,443 The condition of things which had existed for a series of years before the revulsion of 1873 ha...s been reversed in the five years which have followed that event ; for, whereas the country then imported nearly a hundred millions of dollars' worth of goods a year more than it exported, it has since then ex- ported nearly a hundred million of dollars' worth of produce more than it imported and last year two hundred millions. It is this condition of our foreign trade more than any other cause that has brought 64 THE CURRENCY QUESTION.
our paper circulation to a par with gold. There is no reason for believing that this condition of foreign trade will not continue ; and there is no room for rational doubt either that we shall be able if we choose to maintain our paper perma- nently at par value ; or that, if we prefer to do so, by refraining from an issue of irredeemable paper we shall see the entire vacuum now existing in our currency, to the amount of two hundred mill- ions of dollars filled by gold and silver, either com- ing in from abroad, or remaining with us from the product of our own mines.
What to read after A Popular Treatise On the Currency Question Written From a Southern Point of View?
You can find similar books in the "Read Also" column, or choose other free books by Robert W Robert William Hughes to read onlineMoreLess
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