Bullion And Foreign Exchanges Theoretically And Practically Considered; Followed By a Defence of the Double Valuation, With Special Reference to the Proposed System of Universal Coinage
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In our eReader you can find the full English version of the book. Read Bullion And Foreign Exchanges Theoretically And Practically Considered; Followed By a Defence of the Double Valuation, With Special Reference to the Proposed System of Universal Coinage 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 Bullion And Foreign Exchanges Theoretically And Practically Considered; Followed By a Defence of the Double Valuation, With Special Reference to the Proposed System of Universal Coinage
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To quickly assess the difficulty of the text, read a short excerpt:
The old Silver Coins, differing more or less in value, are almost entirely withdrawn from circulation.
The subjoined Table shows the weight and fineness of the Spanish Coins in actual circulation : — GOLD.
Weight in (Jrammea.
Fineness in Milli6nies.
Isabella Doubloon 8-3865 900 SILVEE.
Duro 25-960 900 Escudo 12-980 900 Peseta 6-192 900 1 2 » 2-696 900 Real 1-298 900 The intrinsic Metallic value of the pieces is on a Par with their Nominal value. The proportion of value between Gold and Silver i...s as 1 to 16-477, so that practically the Double Standard prevails.
336 PARS OF EXCHANGE.
The Mint Remedies are 2 per mille for Gold and 3 per mille for large Silver pieces, both for weight and fineness.
Paper Currency. — Spain is an over-issuing State, and Paper reigns paramount all over the land, subject to a variable discount.
A large number of Banks, under supervision bj Grovemment Inspectors, issue Notes based upon State and other securities.
It is impossible to determine the actual value of Coin as against Paper.
What to read after Bullion And Foreign Exchanges Theoretically And Practically Considered; Followed By a Defence of the Double Valuation, With Special Reference to the Proposed System of Universal Coinage?
You can find similar books in the "Read Also" column, or choose other free books by Ernest Seyd to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
The old Silver Coins, differing more or less in value, are almost entirely withdrawn from circulation.
The subjoined Table shows the weight and fineness of the Spanish Coins in actual circulation : — GOLD.
Weight in (Jrammea.
Fineness in Milli6nies.
Isabella Doubloon 8-3865 900 SILVEE.
Duro 25-960 900 Escudo 12-980 900 Peseta 6-192 900 1 2 » 2-696 900 Real 1-298 900 The intrinsic Metallic value of the pieces is on a Par with their Nominal value. The proportion of value between Gold and Silver i...s as 1 to 16-477, so that practically the Double Standard prevails.
336 PARS OF EXCHANGE.
The Mint Remedies are 2 per mille for Gold and 3 per mille for large Silver pieces, both for weight and fineness.
Paper Currency. — Spain is an over-issuing State, and Paper reigns paramount all over the land, subject to a variable discount.
A large number of Banks, under supervision bj Grovemment Inspectors, issue Notes based upon State and other securities.
It is impossible to determine the actual value of Coin as against Paper.
What to read after Bullion And Foreign Exchanges Theoretically And Practically Considered; Followed By a Defence of the Double Valuation, With Special Reference to the Proposed System of Universal Coinage?
You can find similar books in the "Read Also" column, or choose other free books by Ernest Seyd to read onlineMoreLess
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