The Unlimited Coinage of Silver Speech of Hon Aj Warner of Ohio in the Hou
The Unlimited Coinage of Silver Speech of Hon Aj Warner of Ohio in the Hou
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Patterson, author of "Science of Finance" and "Econo- my of Capital. " Now, is it possible that there can be a permanent improvement in the trade and business of this country, if the value of our money is to continue to increase, or, which 12 is the same thing, prices continue to go down ? Every manufacturer in the country knows that this is impossible. Physically commodities are transferred by means of railways and through the agency of steam power; but proprietary wealth is transfer- red thro...ugh the agency of money; and if the value of money is constantly being in- creased, then it is easy to see that all relations between property, between commodi- ties, labor, and money must continue unsettled and industry suffer further paralysis. Money is the wheel of commerce. We cannot do without it, nor make its procure- ment difficult without suffering loss. We might as well propose to take away railways, to dispense with steamships, to stop the locomotive, and then expect the exchange of commodities to go on all the same, as to take money away from the channels of trade and then expect business to prosper.
What to read after The Unlimited Coinage of Silver Speech of Hon Aj Warner of Ohio in the Hou?
You can find similar books in the "Read Also" column, or choose other free books by A J Adoniram Judson Warner to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
Patterson, author of "Science of Finance" and "Econo- my of Capital. " Now, is it possible that there can be a permanent improvement in the trade and business of this country, if the value of our money is to continue to increase, or, which 12 is the same thing, prices continue to go down ? Every manufacturer in the country knows that this is impossible. Physically commodities are transferred by means of railways and through the agency of steam power; but proprietary wealth is transfer- red thro...ugh the agency of money; and if the value of money is constantly being in- creased, then it is easy to see that all relations between property, between commodi- ties, labor, and money must continue unsettled and industry suffer further paralysis. Money is the wheel of commerce. We cannot do without it, nor make its procure- ment difficult without suffering loss. We might as well propose to take away railways, to dispense with steamships, to stop the locomotive, and then expect the exchange of commodities to go on all the same, as to take money away from the channels of trade and then expect business to prosper.
What to read after The Unlimited Coinage of Silver Speech of Hon Aj Warner of Ohio in the Hou?
You can find similar books in the "Read Also" column, or choose other free books by A J Adoniram Judson Warner to read onlineMoreLess
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