The Bimetallic League; Gold and Silver Commission. a Synopsis of the Final Report of the Royal Commission Appointed to Inquire Into the Recent Changes in the Relative Value of the Precious Metals
The Bimetallic League; Gold and Silver Commission. a Synopsis of the Final Report of the Royal Commission Appointed to Inquire Into the Recent Changes in the Relative Value of the Precious Metals
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. 1889 Excerpt: ...most of the evils alleged to have been caused by the fall in the value of silver would be perpetuated; in India such a measure might create a serious obstacle, owing to the increased burden of its gold debt being made permanent." Eeply: "So far as the general interests of India are concerned, the advantages to be ...
Read More
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. 1889 Excerpt: ...most of the evils alleged to have been caused by the fall in the value of silver would be perpetuated; in India such a measure might create a serious obstacle, owing to the increased burden of its gold debt being made permanent." Eeply: "So far as the general interests of India are concerned, the advantages to be gained from stability and increased certainty in the financial arrangements of the Government, would amply compensate for any evils arising from the cause above indicated." 147. "Even if the adoption of the existing ratio did not produce any permanent effect upon prices, it might, by inducing the belief that it was likely to result in an expansion of the currency, cause a temporary rise; and if it stimulated the production of silver, unless at the same time it discouraged the production of gold, it would tend to raise prices permanently, and so act injuriously upon the interests of creditors and consumers." To this it is replied: "The settlement of the relations between gold and silver, as standards of value, is of such importance as to justify some sacrifice being incurred, if necessary for that purpose. If silver, when freely coined through the world, will so depreciate as to produce injurious consequences, it will depreciate still more if used only in a limited number of countries, and the probable attempts of these to change from silver to a gold standard would aggravate the mischief and give rise to evils of still greater magnitude." 148. "If the ratio of 15 to 1, in force in the Latin Union, or 16 to 1, the ratio in the United States, were adopted, it is apprehended that silver would flow from countries holding stocks of that metal, the mints of countries forming the Bimetallic Union...
Read Less
Add this copy of The Bimetallic League: Gold and Silver Commission. a to cart. $38.96, good condition, Sold by Bonita rated 4.0 out of 5 stars, ships from Newport Coast, CA, UNITED STATES, published 2018 by Sagwan Press.
Add this copy of The Bimetallic League: Gold And Silver Commission. A to cart. $39.23, new condition, Sold by Booksplease rated 3.0 out of 5 stars, ships from Southport, MERSEYSIDE, UNITED KINGDOM, published 2018 by Sagwan Press.
Add this copy of The Bimetallic League: Gold And Silver Commission. A to cart. $55.14, new condition, Sold by Booksplease rated 3.0 out of 5 stars, ships from Southport, MERSEYSIDE, UNITED KINGDOM, published 2015 by Sagwan Press.
Add this copy of The Bimetallic League: Gold and Silver Commission. a to cart. $56.29, good condition, Sold by Bonita rated 4.0 out of 5 stars, ships from Newport Coast, CA, UNITED STATES, published 2015 by Sagwan Press.
All Editions of The Bimetallic League; Gold and Silver Commission. a Synopsis of the Final Report of the Royal Commission Appointed to Inquire Into the Recent Changes in the Relative Value of the Precious Metals
