A Silver Symposium Being An Analysis of the Money Issue Containing Vital Facts
A Silver Symposium Being An Analysis of the Money Issue Containing Vital Facts
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L. Fawcett, a sil- ver advocate, who took care to found his arguments on at least a prima facie basis of fact, took the figures of Edward Young, of the Bureau of Statistics, showing a total amount of United States securities held abroad at $1, 350, 0007000, and by corrections increased the amount to $1, 500, 000, 000. It is legiti- mate to apply exactly the same method of reasoning which he used, to the trade balances since 1876, and see what their effect is on the foreign holdings of our secur...ities.
During the 19 years from 1877 to 1895 inclusive, the United States had the fol- lowing net credit balances on its trade with all foreign countries: Net exports of mdse $2, 156, 000, 000 Net exports of gold . . 22, 000, 000 Net exports of silver 256, 000, 000 Total $2, 434, 000, 000 In those 19 years, it is liberal to put the invisible balance of trade at $80, - 000, 000 per year, or $1, 520, 000, 000 for the 19 years. That would indicate that paying interest on foreign debt, ex- penses of tourists, allowing for goods smuggled into the country and freights on imports to foreign shipowners, con- sumed that amount of these credit bal- ances, leaving $914, 000, 000, which could only be discharged by the return of in- vestments held abroad, to this country.
What to read after A Silver Symposium Being An Analysis of the Money Issue Containing Vital Facts?
You can find similar books in the "Read Also" column, or choose other free books by James F James Fairchild Hudson to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
L. Fawcett, a sil- ver advocate, who took care to found his arguments on at least a prima facie basis of fact, took the figures of Edward Young, of the Bureau of Statistics, showing a total amount of United States securities held abroad at $1, 350, 0007000, and by corrections increased the amount to $1, 500, 000, 000. It is legiti- mate to apply exactly the same method of reasoning which he used, to the trade balances since 1876, and see what their effect is on the foreign holdings of our secur...ities.
During the 19 years from 1877 to 1895 inclusive, the United States had the fol- lowing net credit balances on its trade with all foreign countries: Net exports of mdse $2, 156, 000, 000 Net exports of gold . . 22, 000, 000 Net exports of silver 256, 000, 000 Total $2, 434, 000, 000 In those 19 years, it is liberal to put the invisible balance of trade at $80, - 000, 000 per year, or $1, 520, 000, 000 for the 19 years. That would indicate that paying interest on foreign debt, ex- penses of tourists, allowing for goods smuggled into the country and freights on imports to foreign shipowners, con- sumed that amount of these credit bal- ances, leaving $914, 000, 000, which could only be discharged by the return of in- vestments held abroad, to this country.
What to read after A Silver Symposium Being An Analysis of the Money Issue Containing Vital Facts?
You can find similar books in the "Read Also" column, or choose other free books by James F James Fairchild Hudson to read onlineMoreLess
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