The North American Review volume 162
The North American Review volume 162
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In our eReader you can find the full English version of the book. Read The North American Review volume 162 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 North American Review volume 162
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It is probable that such popular delusion is most largely responsible for our Uncle's present embarrassment, for the readiness with which the public received his notes and the facility with which they have been used to per form the functions of money, coupled with a generous desire to help some of his silver-mining nephews sustain the market for their product, latterly led him into very rash speculations in silver bullion. He practically under took to " corner the market" for silver, and in the... operation bought enor mous quantities of the white metal, which has &o steadily depreciated in salable value that even he recognizes now that he is in for a heavy final loss on the investment. But that is not the worst of it presently, at least. He easily can stand the actual direct loss which his silver finally must make him. The greater trouble is that he did not pay for the silver, but bought 250 THE NORTH AMERICAN REVIEW.
it on credit, giving therefor his demand notes to a vast amount, and which it was generally understood, as he in practice has recognized, are payable in gold, if so desired by their holders.
What to read after The North American Review volume 162?
You can find similar books in the "Read Also" column, or choose other free books by Thomas Buchanan Read to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
It is probable that such popular delusion is most largely responsible for our Uncle's present embarrassment, for the readiness with which the public received his notes and the facility with which they have been used to per form the functions of money, coupled with a generous desire to help some of his silver-mining nephews sustain the market for their product, latterly led him into very rash speculations in silver bullion. He practically under took to " corner the market" for silver, and in the... operation bought enor mous quantities of the white metal, which has &o steadily depreciated in salable value that even he recognizes now that he is in for a heavy final loss on the investment. But that is not the worst of it presently, at least. He easily can stand the actual direct loss which his silver finally must make him. The greater trouble is that he did not pay for the silver, but bought 250 THE NORTH AMERICAN REVIEW.
it on credit, giving therefor his demand notes to a vast amount, and which it was generally understood, as he in practice has recognized, are payable in gold, if so desired by their holders.
What to read after The North American Review volume 162?
You can find similar books in the "Read Also" column, or choose other free books by Thomas Buchanan Read to read onlineMoreLess
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