Bimetalism

Couverture
Longmans, Green, 1894 - 154 pages
 

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Page 140 - The most able men — from the East and the West, from the North and the South...
Page 111 - That palter with us in a double sense ; That keep the word of promise to our ear, And break it to our hope. — I'll not fight with thee. Macd. Then, yield thee, coward, And live to be the show and gaze o...
Page 149 - Surely the net is spread in vain in the sight of any bird But supposing even that the market ratio of Gold to Silver of 35 to 1 were adopted.
Page 32 - ... true what Mr. Lowndes observes here, the importation of gold, and the going of guineas at 30s. has been a great prejudice and loss to the kingdom. But that has been wholly owing to our clipped money, and not at all to our money being coined at 5s.
Page 31 - It is said, bullion is risen to 6s. 5d. the ounce, ie that an ounce of uncoined silver will exchange for an ounce and a quarter of coined silver. If any one can believe this, I will put this short case to him; He has of bullion, or standard, uncoined silver, two round plates, each of an exact size and weight of a...
Page 32 - Just as the boy cut his leather into five quarters, as he called them, to cover his ball, when cut into four quarters it fell short: but after all his pains, as much of his ball lay bare as before : if the quantity of coined silver employed in England fall short the arbitrary denomination of a greater number of pence given to it, or which is all one, to the several coined pieces of it, will not make it commensurate to the size of our trade or the greatness of our occasions.
Page 29 - That jewels too are treasure, because they keep without decay ; and have constantly a great value, in proportion to their bulk : but cannot be used for money, because their value is not...
Page 39 - ... the same proportion to the silver money in England, which it hath to silver in the rest of Europe, there would be no temptation to export silver rather than gold to any other part of Europe. And to compass this last, there seems nothing more requisite than to take off about lOd.
Page 33 - ... for a crown, &c., and immediately, without any more ado, we are as rich as before. And, when half the remainder is gone, it is but doing the same thing again, and raising the denomination anew, and we are where we were, and so on...
Page 42 - Money, the principal difficulties, that attend it, in speculation and practice, both as a measure and an equivalent, are to be ascribed. These two qualities can never be brought perfectly to unite and agree ; for if Money were a measure alone, and made like all other measures of a material of little or no value, it would not answer the purpose of an equivalent. And if it is made, in order to answer the purpose of an equivalent, of a material of value, subject to frequent variations, according to...

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