The Panic of 1866 With Its Lessons On the Currency Act. By Robert Baxter

Baxter, Robert. [from Old Catalog]

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8 - 7 1861' ' Jan. .
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7 ' 8 7 6 5 6 ^ 4 1864 Feb. .
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7 8 9 8 7 Jan. .
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Amoont of each change of interest increas- ingly great.
The average amount of change for the first period of 11 years is under . 1 per cent.
The average of the second period over . 3 „ And of the first 11 years there were : — 6 years without any change.
8 years with a change of . ' i v 4 „ „ . . 1 1 „ „ . . 2J 1 yipar of panic (1847) . . 4J Digitized by VjOOQ IC RATE OF INTEREST IN PARIS, 1844-1866. 15 Out of the second 11 yeara there were : 1 year -vrith a change of 2 1 " 1 year of panic (1857) 1 year of prosperity (1863) J per cent.

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