Considerations On a New Monetary System for China
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In our eReader you can find the full English version of the book. Read Considerations On a New Monetary System for China 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 Considerations On a New Monetary System for China
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(2) That they may subscribe money for a loan or the establishment of a national bank.
(3) That the banks, especially the native banks, may accept the coins in connection with foreign ex- change and the gold reserve.
b. Sufficient capital.
c. Skill in management of the system..
These three are all needed for the success of the sy.stem- whether the coins be given a fixed value in gold or not, though especially needed in the latter case.
2. How to secure these conditions.
a. Means of securing conf...idence.
( 1 ) Publicity. If everybody knows well what is being done and how the system is managed and if the work is well done, confidence is assured. This will require a careful system of accounting and the regular publication of accounts, as is the case in most of the advanced countries.
(2) Absolute good faith and uprightness in the manage- ment, and public belief in this good faith. At present the public has not always sufficient trust in the good faith of the government to give it its full confidence.
What to read after Considerations On a New Monetary System for China?
You can find similar books in the "Read Also" column, or choose other free books by Jenks Jeremiah Whipple to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
(2) That they may subscribe money for a loan or the establishment of a national bank.
(3) That the banks, especially the native banks, may accept the coins in connection with foreign ex- change and the gold reserve.
b. Sufficient capital.
c. Skill in management of the system..
These three are all needed for the success of the sy.stem- whether the coins be given a fixed value in gold or not, though especially needed in the latter case.
2. How to secure these conditions.
a. Means of securing conf...idence.
( 1 ) Publicity. If everybody knows well what is being done and how the system is managed and if the work is well done, confidence is assured. This will require a careful system of accounting and the regular publication of accounts, as is the case in most of the advanced countries.
(2) Absolute good faith and uprightness in the manage- ment, and public belief in this good faith. At present the public has not always sufficient trust in the good faith of the government to give it its full confidence.
What to read after Considerations On a New Monetary System for China?
You can find similar books in the "Read Also" column, or choose other free books by Jenks Jeremiah Whipple to read onlineMoreLess
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