A Freak in Finance: Or The Boy Teacher Taught |
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Common terms and phrases
amount Annual Average banker basis began believe bill bimetallism bullion Calendar Chicago circulation Coin's coinage discontinued coinage of silver commodity credit money currency decline demand demonetization of silver deposited Double Eagles Edward Atkinson effect exports fact fixed ratio France free and unlimited free coinage gentlemen give gold and silver GOLD COINAGE gold standard Government Gresham's Law Half Dimes Half Dollars Half Eagles interest issuance Latin Union legal tender man's labor matter ment metallic money million MINTS modities monetary money metal National banks one-half Ounces paper money period premium production of gold production of silver Professor Goldwin purchase Quarter Dollars Quarter Eagles question redeem redemption money Report of Director resumed savings bank SILVER COIN silver dollar silver in 1873 silver money supply thing tion to-day Trade Dollars Treasury truth United United States Mint unlimited coinage value of gold weight world's production
Popular passages
Page 17 - And be it further enacted, That there shall be from time to time struck and coined at the said Mint, coins of gold, silver and copper, of the following denominations, values and descriptions, viz.: *Eagles — each to be of the value of ten dollars or units...
Page 17 - That the unit in the coins of the United States ought to correspond with 24 grains and j of a grain of pure gold, and with 371 grains and ^ of a grain of pure silver, each answering to a dollar in the money of account.
Page 104 - Just principles will lead us to disregard legal proportions altogether ; to inquire into the market price of gold in the several countries with which we shall principally be connected in commerce, and to take an average from them.
Page 39 - Hence all experience has shown that you must have one standard coin, which shall be a legal tender for all others, and then you may promote your domestic convenience by having a subsidiary coinage of silver, which shall circulate in all parts of your country as legal tender for a limited amount, and be redeemable at its face value by your Government.
Page 50 - ... either from its intrinsic superiority as a metal, from its greater rarity, or from the prejudices of mankind, retains so considerable a pre-eminence in value over silver as it has hitherto had, a natural consequence of this seems to be, that its condition will be more stationary. The revolutions, therefore, which may take place in the comparative value of gold and silver, will be changes in the state of the latter, rather than in that of the former.
Page 39 - It does not circulate now in commercial transactions with any country, and the convenience of these manufacturers in this respect can better be met by supplying small stamped bars of the same standard, avoiding the useless expense of coining the dollar for that purpose.
Page 95 - The quantity of labour which any particular quantity of them can purchase or command, or the quantity of other goods which it will exchange for, depends always upon the fertility or barrenness of the mines which happen to be known about the time when such exchanges are made.
Page 41 - Treasury should purchase not less than two million nor more than four million dollars' worth of silver bullion monthly, and coin it as purchased.
Page 2 - It has done more, a thousand times, to enrich nations, than all the mines of all the world.