The Money Question: a Handbook for the Times
The Money Question: a Handbook for the Times
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In our eReader you can find the full English version of the book. Read The Money Question: a Handbook for the Times 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 The Money Question: a Handbook for the Times
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" The small victory of two million ounces per month became in twelve years one of transcendent importance in the purchase for coinage of 291, 272, 018 ounces, at the cost of $308, 279, 260, the equivalent of about 400, 000, 000 dollars. In 1890 a still greater victory was achieved in the purchase for coinage of 4, 500, 000 ounces per month. Under this act 168, 674, 682 ounces, at the cost of $155, 931, 002, were purchased. Under the two acts 459, 946, 701 ounces, the equivalent of about 550, 00...0, 000 dollars, were purchased, at the cost of $464, 2 10, 262. At the remonetization of silver in 1878 Mr. Carlisle would undoubtedly have been glad to compromise upon one-half such sum. From 1878 to the present time the value of silver has steadily declined, so that the dollar is worth only 50 cents in the place of 89 cents when the first victory of the people was achieved, which with Mr. Carlisle was a matter of the greatest exultation. At the close of his official career as the Secretary of the Treasury he proclaimed to the world that not a dollar of their rightful and proper money was to go into the hands of the down-trodden people but at the value of gold !
What to read after The Money Question: a Handbook for the Times?
You can find similar books in the "Read Also" column, or choose other free books by Henry Varnum Poor to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
" The small victory of two million ounces per month became in twelve years one of transcendent importance in the purchase for coinage of 291, 272, 018 ounces, at the cost of $308, 279, 260, the equivalent of about 400, 000, 000 dollars. In 1890 a still greater victory was achieved in the purchase for coinage of 4, 500, 000 ounces per month. Under this act 168, 674, 682 ounces, at the cost of $155, 931, 002, were purchased. Under the two acts 459, 946, 701 ounces, the equivalent of about 550, 00...0, 000 dollars, were purchased, at the cost of $464, 2 10, 262. At the remonetization of silver in 1878 Mr. Carlisle would undoubtedly have been glad to compromise upon one-half such sum. From 1878 to the present time the value of silver has steadily declined, so that the dollar is worth only 50 cents in the place of 89 cents when the first victory of the people was achieved, which with Mr. Carlisle was a matter of the greatest exultation. At the close of his official career as the Secretary of the Treasury he proclaimed to the world that not a dollar of their rightful and proper money was to go into the hands of the down-trodden people but at the value of gold !
What to read after The Money Question: a Handbook for the Times?
You can find similar books in the "Read Also" column, or choose other free books by Henry Varnum Poor to read onlineMoreLess
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