Joint-metallism, a plan by which gold and silver together may be made the metallic basis of a sound currency |
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Joint-Metallism, a Plan by Which Gold and Silver Together May Be Made the ... Anson Phelps Stokes Keine Leseprobe verfügbar - 2016 |
Joint-Metallism, a Plan by Which Gold and Silver Together May Be Made the ... Anson Phelps Stokes Keine Leseprobe verfügbar - 2016 |
Häufige Begriffe und Wortgruppen
Adam Smith ANSON PHELPS STOKES Appendix appreciation of gold banks basis of currency basis of money bimetal bimetallism bimetallists bullion caused cent cloth coinage ratio commodities Copernicus Cossa cost of production credit money danger debts decline in prices decline in values demand demonetization economists equal final basis fixed GIFFEN gold and silver gold coin gold monometallism gold standard Government ratio Henry Dunning Macleod honest increased joint-metallism labor Latin Union legal tender legislation Letter on Joint-Metallism lism market ratio ment metallic basis metallists mints monetary money metal mono monometal monometallists nations Nicole Oresme Octavo Oresme Oresme's ounces paper permanent political precious metals production of gold ratio of 15 ratios always based relative costs relative market values science of money silver coins silver dollars silver standard silver standard coins standard of value tion Treasury value of gold value of silver wages Walter Bagehot Wolowski writers York
Beliebte Passagen
Seite 83 - We hold to the use of both gold and silver as the standard money of the country, and to the coinage of both gold and silver without discrimination against either metal or charge for mintage...
Seite 86 - ... the established policy of the United States to maintain the two metals on a parity with each other upon the present legal ratio, or such ratio as may be provided by law.
Seite 26 - I am certainly of opinion," said Mr. Webster, "that gold and silver, at rates fixed by Congress, constitute the legal standard of value in this country, and that neither Congress nor any State has authority to establish any other standard or to displace this standard.
Seite 84 - The American people, from tradition and interest, favor bimetallism, and the Republican party demands the use of both gold and silver as standard money, with such restrictions and under such provisions, to be determined by legislation, as will secure the maintenance of the parity of values of the two metals, so that the purchasing and debt-paying power of the dollar, whether of silver, gold, or paper, shall be at all times equal.
Seite 98 - We believe the fall to be mainly due, at all events, to circumstances independent of changes in the production of, or demand for, the precious metals, or the altered relation of silver to gold. " As regards the fall in the gold price of silver, we think that, though it may be due in part to the appreciation of gold, it is mainly due to the depreciation of silver.
Seite 96 - Looking, then, to the vast changes which occurred prior to 1873 in the relative production of the two metals without any corresponding disturbance in their market value, it appears to us difficult to resist the conclusion that some influence was then at work tending to steady the price of silver, and to keep the ratio which it bore to gold approximately stable.
Seite 97 - Nor does it appear to us d priori' unreasonable to suppose that the existence in the Latin Union of a bimetallic system with a ratio of 15J to 1 fixed between the two metals should have been capable of keeping the market price of silver steady at approximately that ratio. " The view that it could only affect the market price to the extent to which there was a demand for it for currency purposes in the Latin Union, or to which it was actually taken to the mints of those countries, is, we think, fallacious.
Seite 132 - Columbus led the way in the career of renovation ; when he spread his sails across the Atlantic he bore mankind and its fortunes in his bark.
Seite 146 - Good old plan, That he should take who has the power, And he should keep who can,'
Seite 89 - The demand for non-monetary purposes on the annual production is also preponderant in the case of gold, and very large in the case of silver. About two-thirds of the gold annually produced is taken for the arts; and if the consumption of India is included, as being either for simple hoarding or for the arts, and in no case for the purpose of circulating money, then the demand for gold for non-monetary purposes appears almost equal to the entire annual production.