Gold and Silver Money; Part I.--A Plain Statement. Part II.--Objections Answered
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Gold and Silver Money; Part I.--A Plain Statement. Part II.--Objections Answered

Gold and Silver Money; Part I.--A Plain Statement. Part II.--Objections Answered


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About the Book

Purchase of this book includes free trial access to www.million-books.com where you can read more than a million books for free. This is an OCR edition with typos. Excerpt from book: been formed. It passes from hand to hand a dozen times a day, without doubt or difficulty, and has become exchangeable for all commodities. For this reason: that the Patent Mark of the State guarantees it to uniformly contain the same weight of fine Gold; and, whenever the patentees find a sovereign which has lost in weight, they destroy the coin, by giving it a clip with the bank scissors, thus effectually preventing it from doing duty any more as Money. The coin which has been thus defaced, retains the value of whatever weight of Gold it may contain, but as Money it has ceased to exist, and must be re-manufactured before it can perform the functions of currency. So that it becomes evident, that the State which creates Money, has likewise the power to destroy it. But the exchangeable or commercial use of Money, is not its only or its primary and distinguishing feature. Compare the Gold dust or the nugget with the sovereign, and mark the ideas upon the two which rise respectively in- the mind. The nugget looks like Gold, and it may be Gold, but the Patent article you know is Gold, because of the Queen's head upon it. The nugget may be large or small, worth 10 or 100, with Gold enough in it to pay for the ' Edition de Luxe' of Thackeray, or a new copy of the 'Encyclopaedia Britannica.' It may be small enough to make you doubt whether you can purchase with it a box of cabanas at 8os. per hundred, or whether it would defray the cost of a rocking-horse (30.) for your child; but you turn to the coined metal, the sovereign, and become aware that four such pieces will be required to pay for the cigars, and one and a half for the toy. You have been unconsciously calculating? the calculation being based upon a fixed chapter{Section 4measure or standard of value accepted...


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Product Details
  • ISBN-13: 9780217215626
  • Publisher: General Books
  • Publisher Imprint: General Books
  • Height: 246 mm
  • No of Pages: 34
  • Spine Width: 2 mm
  • Width: 189 mm
  • ISBN-10: 0217215629
  • Publisher Date: 07 Feb 2012
  • Binding: Paperback
  • Language: English
  • Returnable: N
  • Weight: 82 gr


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Gold and Silver Money; Part I.--A Plain Statement. Part II.--Objections Answered
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