On the Probable Fall in the Value of Gold: The Commercial and Social Consequences which May Ensue, and the Measures which it InvitesA. Ireland and Company, 1859 - 196 ページ |
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1st January 20 francs adopted amount ancient regime auriferous average bank notes Bank of England California and Australia cause cent centimes CHAPTER China circulation circumstances civilised coinage commerce commodities consequence countries creditor debtor depreciation discovery effect England equal especially established Europe exportation of silver fact fall favour florins French gilding gold and silver gold coins gold currency grammes of silver half hectolitre increase ingots James Maclaren kilogramme of gold labour legislation less Lord Liverpool loss ment metrical system milliards millions of francs mines monetary system monetary unit necessary operations ounces outlet payments persons piece of money pieces of gold pound sterling precious metals premium present production of gold proportion quantity of gold quantity of metal reason recoining relation remelting Siberia silver money silver standard things tion transactions value of gold value of silver weight and fineness Western World whilst word worth
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192 ページ - ... purpose. On the other hand, by referring and limiting them to the nature or character of the commerce that shall have been engaged in, no necessary or important purpose would be subserved. It was entirely unnecessary to say that the commerce which had been engaged in must have been lawful commerce.
vi ページ - ... There is no contract, public or private, no engagement, national or individual, which is unaffected by it. The enterprises of commerce, the profits of trade, the arrangements made in all the domestic relations of society, the wages of labour...
x ページ - ... interesting preface (px) : " The tendency to a general rise of prices would lead to an expansion of credit and an increase of speculation, which would be followed by panics and convulsions of greater violence and more frequent recurrence than have been hitherto experienced. Instead of a crisis visiting tho commercial world onco in each decade, its return might be expected every five years.
vi ページ - The enterprises of commerce, the profits of trade, the arrangements made in all the domestic relations of society, the wages of labour, pecuniary transactions of the highest amount and of the lowest, the payment of the national debt, the provision for the national expenditure, the command which the coin of the smallest denomination has over the necessaries of life, are all affected by the decision to which we may come on that great question which I am about to submit to the consideration of the committee.
84 ページ - Clearing-house now dispenses completely with the use of bank notes ; all is settled by the transfer of sums from one account to another in the books of the Bank of England.
42 ページ - ... case may be thus represented. The region which, until the discovery of the mines of Siberia, was the chief seat of gold production for European nations, was America. Now the total quantity of gold raised throughout the whole continent of America during the interval from the first voyage of Columbus to the discovery of the mines of California — that is to say, during a period of 356 years — amounted in round numbers to about 4oo,ooo,ooo/. sterling. At the present time (as has been stated above)...
99 ページ - Australia) must, for yet a long series of years, produce gold in such quantities and on such conditions as to render a marked decline in its value inevitable. It is absolutely certain that so vast a production should be accompanied with a great reduction in value. In no direction can a new outlet be seen sufficiently large to absorb the extraordinary production of gold which we are now witnessing, so as to prevent a fall in its value.
65 ページ - ... 100,000. In fact this return is not the maximum below which the extraction would necessarily cease to be profitable: it is very far from it. There have been worked, and are now being worked, in all the auriferous regions, some banks the produce of which is not one-fifth or onesixth as much as the above.
96 ページ - ... most malleable of metals ; it is so to a degree of which it would be difficult, without ocular illustration, to form an idea. The goldbeater makes it into leaves which, thanks to the progress of his art, are now so thin that 14,000 form only the thickness of a millimetre, and, consequently, 14,000,000 of leaves laid one upon another would make a thickness of only a metre (about 39 inches). A cubic metre of solid gold, which would not weigh less than 680,440 ounces, would suffice to gild a surface...
192 ページ - A sketch of the history of the Currency ; comprising a brief review of the opinions of the most eminent writers on the subject. By James Maclaren.