The Money Question the Legal Tender Paper Monetary System of the United States
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But when the govern ment thus issues, the fault and the crime is theirs if they do not restrain it within proper bounds. Is the proposed issue of $150, 000, 000 too much? It is believed that the ordinary business of the country, especially now, requires a circulation of $400, 000, 000. The bank circulation has been about $200, 000, 000, with coin to the amount of $250, 000, 000. The bank paper, now in suspension, would largely disappear before this par paper; and during suspension, which means ...during the war, there will be but little coin circulation. If the whole $150, 000, 000 of United States notes could be kept circulating, I do not think the surviving bank paper would furnish a sufficient currency for commercial purposes some coin must be added. But it is not probable that it could all be kept out; much would rest in banks, in the pockets of private individuals, or await investment tempo rarily, at least, for a while.
"But my distinguished colleague from Vermont fears that 184 TtlK I.
What to read after The Money Question the Legal Tender Paper Monetary System of the United States?
You can find similar books in the "Read Also" column, or choose other free books by William a William Augustus Berkey to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
But when the govern ment thus issues, the fault and the crime is theirs if they do not restrain it within proper bounds. Is the proposed issue of $150, 000, 000 too much? It is believed that the ordinary business of the country, especially now, requires a circulation of $400, 000, 000. The bank circulation has been about $200, 000, 000, with coin to the amount of $250, 000, 000. The bank paper, now in suspension, would largely disappear before this par paper; and during suspension, which means ...during the war, there will be but little coin circulation. If the whole $150, 000, 000 of United States notes could be kept circulating, I do not think the surviving bank paper would furnish a sufficient currency for commercial purposes some coin must be added. But it is not probable that it could all be kept out; much would rest in banks, in the pockets of private individuals, or await investment tempo rarily, at least, for a while.
"But my distinguished colleague from Vermont fears that 184 TtlK I.
What to read after The Money Question the Legal Tender Paper Monetary System of the United States?
You can find similar books in the "Read Also" column, or choose other free books by William a William Augustus Berkey to read onlineMoreLess
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