Report Made By Edward Atkinson ... to the President of the United States, Upon the Present Status of Bimetallism in Europe
Report Made By Edward Atkinson ... to the President of the United States, Upon the Present Status of Bimetallism in Europe
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For the period from the discovery of America to the year 1687 (when we begin to get continuous and exact figures) we have more numerous data than in the preceding centuries ; yet we cannot by any means find continuous, detailed statements.
Copernicus prepared in 1526 for King Sigismund a memorial on the reform of the coinage of Prussia, in which he said it was the general practice of nations to consider 1 pound of pure gold as equal to 12 pounds of pure silver; while in former times 11 pounds o...f silver had been equal to 1 pound of gold. This statement, however, does not tally with the examples occurring in the common account-books (Eechen- biicher) of that period. It must be supposed, upon the whole, that these account-books give the prices that obtained in actual trade, the more so, since their estimates are frequently repeated with but slight variations. Their prices are generally given for the mark fine of silver or for the carat fine of gold, so that the ratio is clearly presented.
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To quickly assess the difficulty of the text, read a short excerpt:
For the period from the discovery of America to the year 1687 (when we begin to get continuous and exact figures) we have more numerous data than in the preceding centuries ; yet we cannot by any means find continuous, detailed statements.
Copernicus prepared in 1526 for King Sigismund a memorial on the reform of the coinage of Prussia, in which he said it was the general practice of nations to consider 1 pound of pure gold as equal to 12 pounds of pure silver; while in former times 11 pounds o...f silver had been equal to 1 pound of gold. This statement, however, does not tally with the examples occurring in the common account-books (Eechen- biicher) of that period. It must be supposed, upon the whole, that these account-books give the prices that obtained in actual trade, the more so, since their estimates are frequently repeated with but slight variations. Their prices are generally given for the mark fine of silver or for the carat fine of gold, so that the ratio is clearly presented.
What to read after Report Made By Edward Atkinson ... to the President of the United States, Upon the Present Status of Bimetallism in Europe?
You can find similar books in the "Read Also" column, or choose other free books by United States. Dept. of State to read onlineMoreLess
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