Rent, Interest And Wages : Or, the Real Bearings of the Land Question : Private Rent the Mother of Interest, the Cause of Commercial Depressions & Social Misery
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To quickly assess the difficulty of the text, read a short excerpt:
Wages and interest have in California gone down together. When common wages were 5 dols. a day, the ordinary bankrate of gS. RENT, INTEREST, AND WAGES.
interest was 24 per cent., per annum. Now that common wages are 2 dols. or 2*50 cents a day, the ordinary bankrate is from 10 to 12 per cent. " George says " eliminating from interest the element of insurance," but he does not do it. If he did, 12 or 24 per cent, interest in California would have dwindled down to the 3 to 4 per cent., which at t...hat period were obtainable in England on best securities. If it was otherwise, if the work of supervision of the investments — a part of the element of risk together with all the other components of that element — was not estimated as high as from 8 to 20 per cent, in this case, would not such a moveable thing as capital, so easily trans- ferred, wherever a better investment is to be found, have quickly flowed from England to California, until the level was re-established just as a liquid flows from a full vessel into a corresponding empty one until both are filled to equal height ?
What to read after Rent, Interest And Wages : Or, the Real Bearings of the Land Question : Private Rent the Mother of Interest, the Cause of Commercial Depressions & Social Misery?
You can find similar books in the "Read Also" column, or choose other free books by Flürscheim, Michael, 1844-1912 to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
Wages and interest have in California gone down together. When common wages were 5 dols. a day, the ordinary bankrate of gS. RENT, INTEREST, AND WAGES.
interest was 24 per cent., per annum. Now that common wages are 2 dols. or 2*50 cents a day, the ordinary bankrate is from 10 to 12 per cent. " George says " eliminating from interest the element of insurance," but he does not do it. If he did, 12 or 24 per cent, interest in California would have dwindled down to the 3 to 4 per cent., which at t...hat period were obtainable in England on best securities. If it was otherwise, if the work of supervision of the investments — a part of the element of risk together with all the other components of that element — was not estimated as high as from 8 to 20 per cent, in this case, would not such a moveable thing as capital, so easily trans- ferred, wherever a better investment is to be found, have quickly flowed from England to California, until the level was re-established just as a liquid flows from a full vessel into a corresponding empty one until both are filled to equal height ?
What to read after Rent, Interest And Wages : Or, the Real Bearings of the Land Question : Private Rent the Mother of Interest, the Cause of Commercial Depressions & Social Misery?
You can find similar books in the "Read Also" column, or choose other free books by Flürscheim, Michael, 1844-1912 to read onlineMoreLess
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