Money is Power a Scientific Historic And Practical Treatise On the Subject of
Money is Power a Scientific Historic And Practical Treatise On the Subject of
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The sums estimated above as the probable amount of THE MONEY IT WILL GIVE US. 185 money the country will have under the continued en- forcement of the Resumption Act, are utterly inadequate to transact the gigantic business of this country. The transaction of $100, 000, 000, 000 of business a 3'ear on five hundred millions of money is a thing utterly im- possible. "NYe, therefore, conclude that resumption means contraction.
The officers and directors of the national banks so un- derstand it, an...d have given evidence of that belief by reducing their issues over $33, 000, 000 since January 1st, 1875. The operation of the Resumption Act proves it by reducing the amount of outstanding legal tenders over $30, 000, 000 since January 14th, 1875.
Hon. Joseph S. Ropes, an able and honest resump- tionist, in an article in the November-December No. Of the North American Review, for 1877, says, resump- tion means contraction. Every advocate of resumption admits it by declaring that there is a plethora of money in the country.
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You can find similar books in the "Read Also" column, or choose other free books by R W Roger William Jones to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
The sums estimated above as the probable amount of THE MONEY IT WILL GIVE US. 185 money the country will have under the continued en- forcement of the Resumption Act, are utterly inadequate to transact the gigantic business of this country. The transaction of $100, 000, 000, 000 of business a 3'ear on five hundred millions of money is a thing utterly im- possible. "NYe, therefore, conclude that resumption means contraction.
The officers and directors of the national banks so un- derstand it, an...d have given evidence of that belief by reducing their issues over $33, 000, 000 since January 1st, 1875. The operation of the Resumption Act proves it by reducing the amount of outstanding legal tenders over $30, 000, 000 since January 14th, 1875.
Hon. Joseph S. Ropes, an able and honest resump- tionist, in an article in the November-December No. Of the North American Review, for 1877, says, resump- tion means contraction. Every advocate of resumption admits it by declaring that there is a plethora of money in the country.
What to read after Money is Power a Scientific Historic And Practical Treatise On the Subject of?
You can find similar books in the "Read Also" column, or choose other free books by R W Roger William Jones to read onlineMoreLess
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