The Corner in Gold: Its History and Theory: Being a Reply to Mr. Robert Giffen's 'Case Against Bimetallism.'J. Parker & Company, 1893 - 130 ページ |
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absurd Adam Smith Bank Charter Act beggarly elements Bill Bimetallism Bimetallists bullion buying and selling circulate coin commerce CORNER IN GOLD currency dear dear Meg demonetised dities doubt drain of gold England error evils exchange F. W. BAIN fact fatal financial authorities fix a price fixing a ratio Free Trade function of money Giffen gold and silver gold standard Hence increase of money J. S. Mill labour legislation Lord Liverpool means Mercantile Theorists Mercantilists modities money and commodities monometallic nations nature and function never nomical payment Peel Peel's perform the function Political Economist precious metals production prosperity purchased with commodities quantity of commodities quantity of money question rency Ricardo says sides gain silver and gold simply Sir Robert Peel stand standard of value statesman theory thing tion true truth utterly value of gold vehicle of demand
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20 ページ - ... possible that there should be a deficiency of demand for all commodities, for want of the means of payment? Those who think so cannot have considered what it is which constitutes the means of payment for commodities.
89 ページ - ... change. He was ready to avow, without shame or remorse, that he went into the committee with a very different opinion from that which he at present entertained ; for his views of the subject Were most materially different when he voted against the resolutions brought forward in 1811, by Mr. Homer, as the chairman of the bullion committee.
129 ページ - placers," or gold-beds, even of that most auriferous 'country. The spot was a deep ravine, formed by the Buckland River, enclosed by steep mountain sides which excluded every breath of wind. It was autumn in Australia, though spring here. The air in the ravine was stagnant, and the scorching sun made it intensely hot during the day, while at night the temperature fell to a piercing cold ; so that the sojourners in the ravine were alternately in an oven and an ice-house. Moreover, as the gold-beds...
130 ページ - Constitutions that had borne the hardships of other fields broke down here," wrote an eye-witness of the scene; "and hundreds have perished, dying unattended and unknown. The little levels between the stream and the base of the mountain wall, for ten miles along the valley, are so thickly studded with graves that the river appears to run through a churchyard." One newcomer, wiser than the rest, having counted eleven corpses carried past his tent during the dinner-hour of his first working day, and...
129 ページ - A peculiar fever, of the typhoid character, was the natural denizen of the spot ; besides which, the gold seekers suffered severely from eye-blight, owing to the concentrated blaze of the sunshine reflected from the steep sides of the ravine, and they were at all times grievously tormented by clouds of flies. Bad diet and want of vegetables aggravated the diseases natural to the place and to the kind of work. It was a valley of death. ' Constitutions that had borne the hardships of other fields broke...
130 ページ - One new-comer, wiser than the rest, having counted eleven corpses carried past his tent during the dinner-hour of his first working day, and thinking that even gold may be purchased too dearly, left the place instantly. Many abandoned it after a somewhat longer trial. But the greater number, fascinated by the unusual richness of the gold-beds, remained in defiance of disease, and " took their chance," — with what result the numerous graves of the valley testify to this day.
103 ページ - Woe to the coward, that ever he was born, Who did not draw the sword before he blew the horn!
129 ページ - Australia, though spring here. The air in the ravine was stagnant, and the scorching sun made it intensely hot during the day, while at night the temperature fell to a piercing cold ; so that the sojourners in the ravine were alternately in an oven and an ice-house. Moreover, as the goldbeds lay in the channel of the river, the miners worked up to their waists in water. To this goldfield of surpassing richness hundreds of adventurers flocked in feverish haste ; but disease, like the fabled A dragons...
130 ページ - ... counted eleven corpses carried past his tent during the dinner-hour of his first working day, and thinking that even gold may be purchased too dearly, left the place instantly. Many abandoned it after a somewhat longer trial. But the greater number, fascinated by the unusual richness of the gold-beds, remained in defiance of disease, and " took their chance," — with what result the numerous graves of the valley testify to this day. It was a scene " to point a moral or adorn a tale.
130 ページ - ... diseases natural to the place and to the kind of work. In the strangely interesting accounts which then reached us, we read of onions selling at six shillings a pound ; and cabbages, which we buy here for a penny, were so precious that they were cut up and sold by weight, from half-a-crown to four shillings the pound being readily paid for them. Physic, or what passed for it, rose in price in a still more startling manner, — Holloway's Pills selling at one shilling each, or a guinea per box....