MoneyD. Appleton and Company, 1863 - 228 من الصفحات |
طبعات أخرى - عرض جميع المقتطفات
عبارات ومصطلحات مألوفة
amount assignats balance of trade bank notes Bank of England bankers bills bullion capital cause cent circulation commerce commodities and services consequence contraction cost of production demand depreciation desired discount drain effect Encyclopædia Britannica entirely Europe exchanges of commodities export fall foreign France Fullarton functions of money gold and silver gold coins government paper money grains tower History of Prices holders increased intrinsic value invariably issues of bank labor legal tender legal value livres loans Macleod measure ment Michel Chevalier millions obtained operations panic paper currency payment period portion Practice of Banking precious metals premium on gold produce purchase quantity rate of interest redeemed Regulation of Currencies relative value representatives rise of prices Scotch banks Scotland Sir Robert Peel sovereign specie supply supply and demand Theory and Practice things tion Tooke value of gold value of money wants wheat
مقاطع مشهورة
الصفحة 70 - The substitution of paper in the room of gold and silver money, replaces a very expensive instrument of commerce with one much less costly, and sometimes equally convenient. Circulation comes to be carried on by a new wheel, which it costs less both to erect and to maintain than the old one.
الصفحة 87 - ... of the internal fire. Many thousand families of full and easy fortune were ruined by these fatal measures, and lie in ruins to this day, without the least benefit to the country, or to the great and noble cause in which we were then engaged.
الصفحة 43 - India, and if gold were lowered only so as to have 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.
الصفحة 35 - Gold and silver, like all other commodities, are valuable only in proportion to the quantity of labour necessary to produce them and bring them to market. Gold is about fifteen times dearer than silver, not because there is a greater demand for it, nor because the supply of silver is fifteen times greater than that of gold, but solely because fifteen times the quantity of labour is necessary to procure a given quantity of it.
الصفحة 221 - This account, mutatis mutandis, will serve for a history of Banking in almost any year. " Such is the circle a mixed currency is always describing." The only difference is, that the circle is sometimes wider and sometimes narrower. " The constant tendency of Banks is to lend too much, and to put too many notes in circulation.
الصفحة 43 - If gold in England, or silver in East India, could be brought down so low as to bear the same proportion to one another in both places, there would be here no greater demand for silver than for gold to be exported to India ; and if gold were lowered only so as to have 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 part of Europe.
الصفحة 87 - ... men of all descriptions stood trembling before this monster of force, without daring to lift a hand against it during all this period, yet...
الصفحة 42 - And it appears by experience as well as by reason, that silver flows from those places where its value is lowest in proportion to gold, as from Spain to all Europe, and from all Europe to the East Indies, China, and Japan ; and that gold is most plentiful in those places in which its value is highest in proportion to silver, as in Spain and England.
الصفحة 42 - Liverpool, occurred in England in the reign of James I, and subsequently. Gold being estimated too low at the mint, compared with silver, was freely exported, which caused incessant complaints. To remedy this evil, King James raised the value of gold in his coins, by successive proclamations ; but he at last raised it too high ; and during the remainder of his reign, and that of Charles I, the silver coins were exported until the complaints were as great for want of silver as they had been before...
الصفحة 84 - The apprehensions of a shock to trade proved groundless : the bills being dispersed through every part of the province, the silver took place instead of them, a good currency was insensibly substituted in the room of a bad one, and every branch of business was carried on to greater advantage than before.