Currency: Or, The Fundamental Principles of Monetary Science Postulated, Explained, and AppliedPutnam's sons, 1882 - 309 halaman |
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Istilah dan frasa umum
Adam Smith amount argumentum ad absurdum balance of trade bank notes Bank of England Bank of France bankers banks of issue bills Bonamy Price Britain bullion cash cent Chap CHAPTER circulation coinage commodities Congress crises debt discount dollars economists effect evils exchange floating capital foreign fundamental gold and silver gold coin Government greenbacks gross market values Hence inconvertible paper increase invested Issue Department issue of notes issue of paper issue paper money issued on securities laws of industry legal tender legal-tender limitation loan market logical market value measure of value ment metallic and paper metallic money method monetary science monetary system national banks natural laws notes issued paper currency payment Political Economy practice precious metals principles products of labor Professor Price profit quantity question regulate rency says seigniorage silver coin supply and demand term theory things tion tool of industry trading power United volume wealth
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Halaman 39 - The real price of every thing — what every thing really costs to the man who wants to acquire it — is the toil and trouble of acquiring it. What every thing is really worth to the man who has acquired it, and who wants to dispose of it or exchange it for something else, is the toil and trouble which it can save to himself and which it can impose upon other people.
Halaman 305 - Most unquestionably there is no legal tender, and there can be no legal tender in this country, under the authority of this government or any other, but gold and silver, either the coinage of our own mints or foreign coins at rates regulated by Congress.
Halaman 308 - The absence of the precious metals will, it is believed, be a temporary evil ; but, until they can again be rendered the general medium of exchange, it devolves on the wisdom of congress, to provide a substitute, which shall equally engage the confidence, and accommodate the wants, of the citizens throughout the union.
Halaman 308 - Bank will merit consideration ; and if neither of these expedients be deemed effectual, it may become necessary to ascertain the terms upon which the notes of the Government (no longer required as an instrument of credit) shall be issued, upon motives of general policy, as a common medium of circulation.
Halaman 64 - Issue Department, save as herein-after is mentioned, but it shall be lawful for the said Governor and Company to diminish the Amount of such Securities, and again to increase the same to any Sum not exceeding in the whole the Sum of Fourteen million Pounds, and so from Time to Time as they shall see Occasion...
Halaman 217 - Banks is, therefore, to lend too much, and to put too many notes in circulation. Now, the addition of many notes, even while they are as good as coin by being always exchangeable for coin, may be injurious, because the increase of the mixed mass of money generally occasions a rise in the price of all commodities.
Halaman 304 - I would be able to do more — to prove that it is within the constitutional power of Congress to use such a paper, in the management of its finances, according to the most rigid rule of construing the Constitution...
Halaman 233 - That the value of foreign coin as expressed in the money of account of the United States shall be that of the pure metal of such coin of standard value...
Halaman 305 - No one can doubt but that the Government credit is better than that of any bank — more stable and more safe. Why, then, should it mix it up with the less perfect credit of those institutions? Why not use its own credit to the amount of its own transactions? Why should it not be safe in its own hands, while it shall be considered safe in the hands of...