Monthly Consular and Trade Reports Volume 24, Nos. 85-87 download book
Monthly Consular and Trade Reports Volume 24, Nos. 85-87 download book

Monthly Consular and Trade Reports Volume 24, Nos. 85-87.cUnited States Manufactures
Monthly Consular and Trade Reports Volume 24, Nos. 85-87
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Author: United States Manufactures
Page Count: 208 pages
Published Date: 01 Mar 2012
Publisher: Rarebooksclub.com
Publication Country: Miami Fl, United States
Language: English
ISBN: 9781130423754
File size: 18 Mb
File Name: Monthly.Consular.and.Trade.Reports.Volume.24,.Nos..85-87.pdf
Download Link: Monthly Consular and Trade Reports Volume 24, Nos. 85-87
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This historic book may have numerous typos and missing text. Purchasers can download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1887 Excerpt: ...business man, whose study of political economy has been primarily based on the observation of events, guided by the principles which have been laid down by Adam Smith and a few great masters--with the use of other books and current treatises merely as secondary aids to reflection--it seems a very mistaken way to discuss bimetallism as a theory, when bimetallism exists de-facto in almost every country which has any coin of any kind in circulation, and w hen it can be observed in a'l its bearings. It also seems to be rather a waste of time to discuss either the alleged or prospective demonetization of silver by England, Germany, or auy other nation, when silver has not beeu and can not be demonetized or deprived of its function as a-iuoney metal any where; or when the very conception of doing away with silver money is almost unthinkable, so universal is its use. Is not the silver coin which is in your pocket and in mine at this moment money--according to any meaning or definition of that word which has yet been given to it t In the vast majority, in point of number, of every day's bargains or sales, does not silver money do a part or the whole of the work f It is only when one attempts to pay a debt previously incurred, say of one hundred pounds, by offering two thousand silver shillings, that ho may find that silver coin fails in one out of the many functions of money; and he may theu become aware for the first time of tho grounds on which the bimetallic theory now rests. Ho may then bo informed for the first time that the only money which is entitled to the name is that which has been declared by statute to be a legal tender for deferred payments. May I venture to suggest that the very conception of what is meant by legal tender is something out of the comm...

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