Addresses Delivered Before the Pennsylvania State Agricultural Society
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In our eReader you can find the full English version of the book. Read Addresses Delivered Before the Pennsylvania State Agricultural Society 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 Addresses Delivered Before the Pennsylvania State Agricultural Society
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Heretofore we have suffered from a want of circulating capital, and we have had to pay about twice as much for the use of money as they do in England. This was a serious drawback, but it ought not to remain in our way much longer, since the national debt, mobile 17 In itself, is still further mobilized in being made the basis of bank capital.
Add to this the fact, that the present supplies of the precious metals are exercising a most extraordinary influence everywhere, in rendering ex- changes ...easy. There is now hardly any species of property in this country which cannot be solved into money, readily and at fair prices, so that there is no such thing as dead, inert capital, and all the business operations of society take place easily.
While, too, advantages on the score of capital are being more and more equalized every day, in our favor, our prospects are brightening in another direction, that of labor, the wages of which, in European countries, has been so low, that it was impossible for us to compete with it, without degrading our own below the republican standard.
What to read after Addresses Delivered Before the Pennsylvania State Agricultural Society?
You can find similar books in the "Read Also" column, or choose other free books by Edgar Cowan to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
Heretofore we have suffered from a want of circulating capital, and we have had to pay about twice as much for the use of money as they do in England. This was a serious drawback, but it ought not to remain in our way much longer, since the national debt, mobile 17 In itself, is still further mobilized in being made the basis of bank capital.
Add to this the fact, that the present supplies of the precious metals are exercising a most extraordinary influence everywhere, in rendering ex- changes ...easy. There is now hardly any species of property in this country which cannot be solved into money, readily and at fair prices, so that there is no such thing as dead, inert capital, and all the business operations of society take place easily.
While, too, advantages on the score of capital are being more and more equalized every day, in our favor, our prospects are brightening in another direction, that of labor, the wages of which, in European countries, has been so low, that it was impossible for us to compete with it, without degrading our own below the republican standard.
What to read after Addresses Delivered Before the Pennsylvania State Agricultural Society?
You can find similar books in the "Read Also" column, or choose other free books by Edgar Cowan to read onlineMoreLess
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