An English Garner Ingatherings From Our History And Literature volume 3
An English Garner Ingatherings From Our History And Literature volume 3
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To quickly assess the difficulty of the text, read a short excerpt:
Whereby it is probable, that, some allowance being given for hoarded money, the whole Cash of England was then about ^£"6, 000, 000 : which I con- ceive is sufficient to drive the Trade of England : not doubting but the rest of His Majesty's Dominions have the like means to do the same respectively. If there be 6, 000, 000 souls in England, and that each spendeth £'j per annum, then the whole expense is ;^42, 000, 000 or about ^^800, 000 per week : and consequently if every man did pay his expe...nse weekly, and that the money could circulate within the compass of a week, then less than ;£"!, 000, 000 would answer the ends proposed. But forasmuch as the rents of the lands in England, which are paid half yearly, are ;^8, ooo, ooo [=;£"24, 000, 000 now] per annum ; there must be £4, 000, 000 [in coin ; Bank of England notes and cheques not having yet been invented] to pay them. And forasmuch as the rents of the Housing of England, paid quarterly, are worth about ;£'4, ooo, ooo [=;£'i2, 000, 000 now] per annum ; there needs but ;^i, ooo, ooo to pay the said rents.
What to read after An English Garner Ingatherings From Our History And Literature volume 3?
You can find similar books in the "Read Also" column, or choose other free books by Arber, Edward, 1836-1912 to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
Whereby it is probable, that, some allowance being given for hoarded money, the whole Cash of England was then about ^£"6, 000, 000 : which I con- ceive is sufficient to drive the Trade of England : not doubting but the rest of His Majesty's Dominions have the like means to do the same respectively. If there be 6, 000, 000 souls in England, and that each spendeth £'j per annum, then the whole expense is ;^42, 000, 000 or about ^^800, 000 per week : and consequently if every man did pay his expe...nse weekly, and that the money could circulate within the compass of a week, then less than ;£"!, 000, 000 would answer the ends proposed. But forasmuch as the rents of the lands in England, which are paid half yearly, are ;^8, ooo, ooo [=;£"24, 000, 000 now] per annum ; there must be £4, 000, 000 [in coin ; Bank of England notes and cheques not having yet been invented] to pay them. And forasmuch as the rents of the Housing of England, paid quarterly, are worth about ;£'4, ooo, ooo [=;£'i2, 000, 000 now] per annum ; there needs but ;^i, ooo, ooo to pay the said rents.
What to read after An English Garner Ingatherings From Our History And Literature volume 3?
You can find similar books in the "Read Also" column, or choose other free books by Arber, Edward, 1836-1912 to read onlineMoreLess
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