The Worlds Silver Question
The Worlds Silver Question
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In our eReader you can find the full English version of the book. Read The Worlds Silver Question 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 Worlds Silver Question
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Even the great " Bonanza" mines of the Comstock lode are of this class. Their total product from their discovery to January 1, 1893, was $141, 986, - 344 gold, and $198, 877, 547 silver, but the dividends in the same period, in excess of assessments, were only $52, 478, 235. In other words, the expenses have been nearly $90, 000, 000 in excess of all the silver produced.
3. It is claimed by many persons who are advo- cates of the use of silver that silver has depreciated in value because it has... not been coined as freely as form- erly since 1872. This is an error. As shown by Ap- pendix 1, the world's coinage of silver since then has been in excess of its total production. There has been no decrease in the demand for silver, but there has been an increase in the demand for gold, owing to the fact that it has been made the sole money of ultimate payment in so many countries.
With these preliminary facts in mind, let us now consider the advantages or disadvantages of the ap- preciation of gold.
What to read after The Worlds Silver Question?
You can find similar books in the "Read Also" column, or choose other free books by Jacob Piatt Dunn to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
Even the great " Bonanza" mines of the Comstock lode are of this class. Their total product from their discovery to January 1, 1893, was $141, 986, - 344 gold, and $198, 877, 547 silver, but the dividends in the same period, in excess of assessments, were only $52, 478, 235. In other words, the expenses have been nearly $90, 000, 000 in excess of all the silver produced.
3. It is claimed by many persons who are advo- cates of the use of silver that silver has depreciated in value because it has... not been coined as freely as form- erly since 1872. This is an error. As shown by Ap- pendix 1, the world's coinage of silver since then has been in excess of its total production. There has been no decrease in the demand for silver, but there has been an increase in the demand for gold, owing to the fact that it has been made the sole money of ultimate payment in so many countries.
With these preliminary facts in mind, let us now consider the advantages or disadvantages of the ap- preciation of gold.
What to read after The Worlds Silver Question?
You can find similar books in the "Read Also" column, or choose other free books by Jacob Piatt Dunn to read onlineMoreLess
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