The Industrial Competition of Asia An Inquiry Into the Influence of Currency On
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To quickly assess the difficulty of the text, read a short excerpt:
' '' Mr. Bruce then goes on to argue that the ex- 274 FOE GOLD LEGAL-TENDER MONEY.
change rate for the gold and silver money of the East India Company's currency should he assimilated to the commercial rate, hut he stops short of saying how this should he done.
"'As far as I can perceive, a revision of the mint rules would not involve any innovation of importance — at least none that could create any confusion in either puhlic or private transactions ; it would be nothing more, in fact, than a ...recognition by Government and the mint, of that rise in the value of gold which for several years has been practi- cally recognized in the market of this presidency, while, by restoring a currency which facilitates mercantile speculations, and promotes the con- venience of the community generally, it would be the means of conferring a great public benefit. ' "In 1864, the Bombay Reporter-General on External Commerce remarked on the extraordinary amount of the gold imports, observing that the question of a gold currency must come prominently forward if they continued.
What to read after The Industrial Competition of Asia An Inquiry Into the Influence of Currency On?
You can find similar books in the "Read Also" column, or choose other free books by Clarmont J Daniell to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
' '' Mr. Bruce then goes on to argue that the ex- 274 FOE GOLD LEGAL-TENDER MONEY.
change rate for the gold and silver money of the East India Company's currency should he assimilated to the commercial rate, hut he stops short of saying how this should he done.
"'As far as I can perceive, a revision of the mint rules would not involve any innovation of importance — at least none that could create any confusion in either puhlic or private transactions ; it would be nothing more, in fact, than a ...recognition by Government and the mint, of that rise in the value of gold which for several years has been practi- cally recognized in the market of this presidency, while, by restoring a currency which facilitates mercantile speculations, and promotes the con- venience of the community generally, it would be the means of conferring a great public benefit. ' "In 1864, the Bombay Reporter-General on External Commerce remarked on the extraordinary amount of the gold imports, observing that the question of a gold currency must come prominently forward if they continued.
What to read after The Industrial Competition of Asia An Inquiry Into the Influence of Currency On?
You can find similar books in the "Read Also" column, or choose other free books by Clarmont J Daniell to read onlineMoreLess
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