Free Trade And a Fettered Currency
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In our eReader you can find the full English version of the book. Read Free Trade And a Fettered Currency 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 Free Trade And a Fettered Currency
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. 40, 000, 000 71, 700, 000 + This is those issuable on securities, and therefore real paper currency. Those issued on the security of bullion, or sovereigns, either in the Bank of England or country banks, add nothing to the circulation, as they require as much to be drawn in in specie as is issued in paper.
42 FREE TRADE AND serious perils springing from a general suspension of commercial credit. There is danger in repletion, doubt- less, but there are still greater dangers in starvation. Doe...s it follow that because many men, from full liv- ing, have died of apoplexy, that every man is to be put in danger of dying of famine ? The evils which have been experienced from the lavish issue of notes, and frequent failure of private banks in England, are not a tithe of what have been endured in this year alone, by the contraction of the currency, consequent on the export of our gold to buy food. Only think what they are. The 3 per cents, in August 1845 stood at 104; in May 1847 they were at 86, and all other public funds had sunk in the same proportion.
What to read after Free Trade And a Fettered Currency?
You can find similar books in the "Read Also" column, or choose other free books by Archibald Alison to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
. 40, 000, 000 71, 700, 000 + This is those issuable on securities, and therefore real paper currency. Those issued on the security of bullion, or sovereigns, either in the Bank of England or country banks, add nothing to the circulation, as they require as much to be drawn in in specie as is issued in paper.
42 FREE TRADE AND serious perils springing from a general suspension of commercial credit. There is danger in repletion, doubt- less, but there are still greater dangers in starvation. Doe...s it follow that because many men, from full liv- ing, have died of apoplexy, that every man is to be put in danger of dying of famine ? The evils which have been experienced from the lavish issue of notes, and frequent failure of private banks in England, are not a tithe of what have been endured in this year alone, by the contraction of the currency, consequent on the export of our gold to buy food. Only think what they are. The 3 per cents, in August 1845 stood at 104; in May 1847 they were at 86, and all other public funds had sunk in the same proportion.
What to read after Free Trade And a Fettered Currency?
You can find similar books in the "Read Also" column, or choose other free books by Archibald Alison to read onlineMoreLess
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