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The Gold Standard Volume 1-12

The Gold Standard Volume 1-12


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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. 1895 Excerpt: ...recommending a further reduction of the rate, sustained that recommendation by the following instructive passage: --" This appears to us the most convenient way, because it may at all times be a ready and easy "remedy upon any variation that shall happen in the price of gold, "or even in case this now proposed coining of guineas should not "prove sufficient: For it being impossible that more than "one metal should be the true measure of commerce; and "the world by common consent and convenience having "settled that measure in silver, gold as well as other "metals is to be looked upon as a commodity which, "varying in its price as other commodities do, its value "will always be changeable; and the fixing of its value in "any country, so that it cannot be readily accommodated to "the course it has in other neighbouring countries, will be "always prejudicial to the country which does so."II 5. The report then proposes to reduce the rate of the guinea to 2is. 6d., which, though not quite so low as the rate in neighbouring countries, will, the commissioners think, "with the addition of costs of coinage, etc., be sufficient to stop the excessive importation of gold." The Maximum rate was accordingly reduced to 21s. 6d., and so continued. But gold was still imported and coined into guineas; and the price which could be obtained for a given weight of silver 7 and 8 William III., c. 10 and 19. Dana Horton, pp. 243, 245. t 7 and 8 William III., c. 13. Dana Horton, p. 244. J 8 and 9 William III., c. I. Dana Horton, p. 247. Dana Horton, pp. 248, 249. Dana Horton, p. 252. bullion continued to be greater than the sum in silver coins into which it was coined at the mint; or, in other wor...


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Product Details
  • ISBN-13: 9781236278104
  • Publisher: Rarebooksclub.com
  • Publisher Imprint: Rarebooksclub.com
  • Height: 246 mm
  • No of Pages: 36
  • Spine Width: 2 mm
  • Width: 189 mm
  • ISBN-10: 1236278100
  • Publisher Date: 01 May 2012
  • Binding: Paperback
  • Language: English
  • Returnable: N
  • Weight: 82 gr


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