The War of the Standards Coin And Credit Versus Coin Without Credit
The War of the Standards Coin And Credit Versus Coin Without Credit
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It also proves the practicability of making the terminal- credit of the nation the basis of a phenomenally stable and uniform credit-currency.
Without further consideration of details, it may be said that our monetary experiments thus far, have estab- lished beyond question the following propositions : I. A great national bank, modelled on the plan of the great banking institutions of Europe, whether it be the fiscal agent of the government or not, is an aggrega- tion of monetary power obnoxiou...s to the genius of our people.
II. That a system of state banks, controlled by the several commonwealths of the Union, lacks stability and uniformity to a degree altogether unlikely ever again to command popular approval.
III. That the demand-notes of the government were a thoroughly satisfactory and stable currency until they came to be used by the traffickers in currency as a con- venient means for collecting gold for speculative pur- poses.
MONETARY EXPERIMENTS. 4* IV. That the terminal-ciQ&it of the United States, that is, its bonds, is kept above par without difficulty and for almost any conceivable amount.
What to read after The War of the Standards Coin And Credit Versus Coin Without Credit?
You can find similar books in the "Read Also" column, or choose other free books by Albion Winegar Tourge to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
It also proves the practicability of making the terminal- credit of the nation the basis of a phenomenally stable and uniform credit-currency.
Without further consideration of details, it may be said that our monetary experiments thus far, have estab- lished beyond question the following propositions : I. A great national bank, modelled on the plan of the great banking institutions of Europe, whether it be the fiscal agent of the government or not, is an aggrega- tion of monetary power obnoxiou...s to the genius of our people.
II. That a system of state banks, controlled by the several commonwealths of the Union, lacks stability and uniformity to a degree altogether unlikely ever again to command popular approval.
III. That the demand-notes of the government were a thoroughly satisfactory and stable currency until they came to be used by the traffickers in currency as a con- venient means for collecting gold for speculative pur- poses.
MONETARY EXPERIMENTS. 4* IV. That the terminal-ciQ&it of the United States, that is, its bonds, is kept above par without difficulty and for almost any conceivable amount.
What to read after The War of the Standards Coin And Credit Versus Coin Without Credit?
You can find similar books in the "Read Also" column, or choose other free books by Albion Winegar Tourge to read onlineMoreLess
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