Lincoln's Words On Living Questions : a Collection of All the Recorded Utterances of Abraham Lincoln Bearing Upon the Questions of Today ;
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In our eReader you can find the full English version of the book. Read Lincoln's Words On Living Questions : a Collection of All the Recorded Utterances of Abraham Lincoln Bearing Upon the Questions of Today ; 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 Lincoln's Words On Living Questions : a Collection of All the Recorded Utterances of Abraham Lincoln Bearing Upon the Questions of Today ;
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What I have here said of a single case of the 128 Money y Greenbacks ^ Silver and Gold purchase of a horse will hold good in every case of debt existing at the time a reduction in the quan- tity of money occurs, by whomsoever and for what- soever it may have been contracted. It may be said that what the debtor loses the creditor gains by this operation, but on examination this will be found true only to a very limited extent. It is more gen- erally true that all lose by it — the creditor losing... more of his debts than he gains by the increased value of those he collects; the debtor by either parting with more of his property to pay his debts than he received in contracting them, or by entirely breaking up his business, and thereby being thrown upon the world in idleness.
The general distress thus created will, to be sure, be temporary, because whatever change may occur in the quantity of money in any community, time will adjust the derangement produced, but while adjustment is progressing all suffer more or less and very many lose everything that renders life desirable.
What to read after Lincoln's Words On Living Questions : a Collection of All the Recorded Utterances of Abraham Lincoln Bearing Upon the Questions of Today ;?
You can find similar books in the "Read Also" column, or choose other free books by Lincoln Abraham to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
What I have here said of a single case of the 128 Money y Greenbacks ^ Silver and Gold purchase of a horse will hold good in every case of debt existing at the time a reduction in the quan- tity of money occurs, by whomsoever and for what- soever it may have been contracted. It may be said that what the debtor loses the creditor gains by this operation, but on examination this will be found true only to a very limited extent. It is more gen- erally true that all lose by it — the creditor losing... more of his debts than he gains by the increased value of those he collects; the debtor by either parting with more of his property to pay his debts than he received in contracting them, or by entirely breaking up his business, and thereby being thrown upon the world in idleness.
The general distress thus created will, to be sure, be temporary, because whatever change may occur in the quantity of money in any community, time will adjust the derangement produced, but while adjustment is progressing all suffer more or less and very many lose everything that renders life desirable.
What to read after Lincoln's Words On Living Questions : a Collection of All the Recorded Utterances of Abraham Lincoln Bearing Upon the Questions of Today ;?
You can find similar books in the "Read Also" column, or choose other free books by Lincoln Abraham to read onlineMoreLess
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