Some Aspects of the Money Question
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In our eReader you can find the full English version of the book. Read Some Aspects of the Money Question 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 Some Aspects of the Money Question
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Gradual return to specie payments is a slow, wasting disease; it is the mercy of the boy who cut oft' each morning an inch of his dog's tail rather than cut oft' the whole at a single blow.
But further, if it were possible to return to gold, " to grow up" to it without the retirement of the greenback, it would be a return bringing little or no relief, because there would be no assurance of its permanence. If, under favoring cir- cumstances, the increased production of the mines, abundant crops ...at home, failure abroad, diminished importation, in- creased exportation, no demand abroad or at home for gold, * 1875. Since then, from the effect of the resumption act, there has been progress; but if this be repealed, to what point will gold advance? Who can tell ?
RESUMPTION. 17 the greoiiback should become par with gold, then the fact re- mains that under unfavorable conditions it would grow away from gold. If the greenback may grow to gold it may grow away from it; so that after all our waiting for the gradual return to gold, apart from the retirement of the greenback, it would bring us no relief.
What to read after Some Aspects of the Money Question?
You can find similar books in the "Read Also" column, or choose other free books by William Martin Dickson to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
Gradual return to specie payments is a slow, wasting disease; it is the mercy of the boy who cut oft' each morning an inch of his dog's tail rather than cut oft' the whole at a single blow.
But further, if it were possible to return to gold, " to grow up" to it without the retirement of the greenback, it would be a return bringing little or no relief, because there would be no assurance of its permanence. If, under favoring cir- cumstances, the increased production of the mines, abundant crops ...at home, failure abroad, diminished importation, in- creased exportation, no demand abroad or at home for gold, * 1875. Since then, from the effect of the resumption act, there has been progress; but if this be repealed, to what point will gold advance? Who can tell ?
RESUMPTION. 17 the greoiiback should become par with gold, then the fact re- mains that under unfavorable conditions it would grow away from gold. If the greenback may grow to gold it may grow away from it; so that after all our waiting for the gradual return to gold, apart from the retirement of the greenback, it would bring us no relief.
What to read after Some Aspects of the Money Question?
You can find similar books in the "Read Also" column, or choose other free books by William Martin Dickson to read onlineMoreLess
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