British Industries a Series of General Reviews for Business Men And Students
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In our eReader you can find the full English version of the book. Read British Industries a Series of General Reviews for Business Men And Students 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 British Industries a Series of General Reviews for Business Men And Students
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The continued existence of some of these concerns, which would have been impossible were it not for the tenacity of life imparted to them by the elasticity of credit attaching to the limited liability system, is detrimental to their better-off competitors, the impecunious pro- ducers breaking prices, which lead others are then virtually obliged to follow, and the trade is thus deprived of a fair return on the' capital invested in it. In fact, credits are too long, and generally too lax also, fo...r the permanent good of the trade.
It was anticipated by some that the increase in machinery which took place during the period of inflation, might leave the industry saddled with an over-production when the trade of the world should have resumed normal conditions ; but it was argued, on the other hand, that the linen trade had got a tremendous " fillip, " part of the effects of which it was hoped would be permanent ; beside which it was not unreasonable to assume that the ordinary growth in the use of an article like linen, which, in its various fabrics, had for ages been regarded as one of the first necessity for domestic purposes, personal wear and table use, would soon overtake any surplus production.
What to read after British Industries a Series of General Reviews for Business Men And Students?
You can find similar books in the "Read Also" column, or choose other free books by W J William James Ashley to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
The continued existence of some of these concerns, which would have been impossible were it not for the tenacity of life imparted to them by the elasticity of credit attaching to the limited liability system, is detrimental to their better-off competitors, the impecunious pro- ducers breaking prices, which lead others are then virtually obliged to follow, and the trade is thus deprived of a fair return on the' capital invested in it. In fact, credits are too long, and generally too lax also, fo...r the permanent good of the trade.
It was anticipated by some that the increase in machinery which took place during the period of inflation, might leave the industry saddled with an over-production when the trade of the world should have resumed normal conditions ; but it was argued, on the other hand, that the linen trade had got a tremendous " fillip, " part of the effects of which it was hoped would be permanent ; beside which it was not unreasonable to assume that the ordinary growth in the use of an article like linen, which, in its various fabrics, had for ages been regarded as one of the first necessity for domestic purposes, personal wear and table use, would soon overtake any surplus production.
What to read after British Industries a Series of General Reviews for Business Men And Students?
You can find similar books in the "Read Also" column, or choose other free books by W J William James Ashley to read onlineMoreLess
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