Reports of Samuel B Ruggles Delegate to the International Statistical Congres
Reports of Samuel B Ruggles Delegate to the International Statistical Congres
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04 . 1 . 2 . 2 . 5 5 . 4 2 10 10-4 5 100-4 Dollar, > sterling . . . ] r By this means the various countries would have such a choice of a money unit as might be found most convenient for general use, or the habits of the people, and yet the greatest facility would be given in commercial calcu- lations, and in providing a system of coins interchangeable in different countries.
We have good authority for supposing that the English sovereign, now so extensively used as money of account^ is likely ...to be greatly displaced by a coin which has always been popular. The dollar, so much used in eastern commerce, is about to be coined in the mint of Hong Kong, and will, it is reasonable to suppose, be the principal current coin, as well as money of account, in the extensive trade with China. No doubt it will thence be largely used in the Indian commerce, so closely connected with that of China. To what extent it may eventually displace the English sterling, especially if an equivalent gold coin be introduced into this country, it is difficult to say ; but from the numerous countries in which the dollar, or a coin nearly equal to the five-franc piece of France, has been the leading coin, it is likely to assume a very important position.
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You can find similar books in the "Read Also" column, or choose other free books by Samuel B Samuel Bulkley Ruggles to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
04 . 1 . 2 . 2 . 5 5 . 4 2 10 10-4 5 100-4 Dollar, > sterling . . . ] r By this means the various countries would have such a choice of a money unit as might be found most convenient for general use, or the habits of the people, and yet the greatest facility would be given in commercial calcu- lations, and in providing a system of coins interchangeable in different countries.
We have good authority for supposing that the English sovereign, now so extensively used as money of account^ is likely ...to be greatly displaced by a coin which has always been popular. The dollar, so much used in eastern commerce, is about to be coined in the mint of Hong Kong, and will, it is reasonable to suppose, be the principal current coin, as well as money of account, in the extensive trade with China. No doubt it will thence be largely used in the Indian commerce, so closely connected with that of China. To what extent it may eventually displace the English sterling, especially if an equivalent gold coin be introduced into this country, it is difficult to say ; but from the numerous countries in which the dollar, or a coin nearly equal to the five-franc piece of France, has been the leading coin, it is likely to assume a very important position.
What to read after Reports of Samuel B Ruggles Delegate to the International Statistical Congres?
You can find similar books in the "Read Also" column, or choose other free books by Samuel B Samuel Bulkley Ruggles to read onlineMoreLess
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