February 22, 2017

A Treatise on Currency and Banking by Condy Raguet

By Condy Raguet

HiG 6L ELLIOT. A extra pleasant addition may possibly scarcely be made to the library of the gentleman or woman of style and refinement. The prize poems, hymns, and miscellaneous writings of Bishop Heber, the process Time by way of Pollok, and the wealthy, numerous, and luxurious productions of the Rev. George Crabbe, are one of the commonplace works, the classics of our language. to acquire and safeguard them in a single quantity, can't yet be a fascinating item to their admirers. And it's to be was hoping will probably be present in the library of each relatives. A author within the Boston traveler holds the next language near to those worthwhile versions: Mr. Editor I wbh, with none proposal of puffing, to claim a note or upon the Library of English Poets that's now released at Philadelphia, by way of Grigg Elliot; it's definitely, bearing in mind the stylish demeanour during which it's published, and the moderate rate at which it really is am rded to dealers, the easiest version of the fashionable British Poets that has ever been released during this nation. each one quantity is an 8vo of approximately 500 pages, double columns, stereotyped, and observed with 6ne engravings and biographical sketches, and such a lot of them are reprinted from Galignanis French variation. As to its worth we want in basic terms point out that it includes the total works of Montgomery, grey, Beattie, Collins, Byron, Cowper,T hom. son, Burns, Milton, younger, Scot Moore, Coleridge, Rogers, Campbell, Lamb, Hemans, Heber, Kirk White, Crabbe, the Miscellaneous Works of Goldsmith, and different martyrs of the lyre. The publishers are doing a very good carrier via their e-book, and their volumes are virtually in as nice call for because the stylish novels of the day, and so they should be so, for they're definitely revealed in a method stronger to that during which we've got sooner than had the works of the English Poets. THE BEAUTIES OF background, or Examples of the other E
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Extra info for A Treatise on Currency and Banking

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If bills of exchange did not exist, the debtor class of these merchants would be obliged to incur the expense and risk of transporting coin or bullion to foreign countries in discharge of their debts, and the creditor class would also be obliged to incur the same expense and risk in importing coin or bullion in payment of their cargoes sold abroad. By this double transmission, the merchants, and consequently the nations to which they belonged, would be losers to an amount equal to. all the expenses and risks so incurred, together with interest on their capitals for the time they were out of their reach.

But the mercantile usage did not conform to this change. The merchants adhered to the old par, as if a pound sterling was the equivalent of four dollars and forty-four cents by some unchangeable law of nature, and for many years continued to ascribe the nominal premium on sterling bills of exchange, which was the mere exponent of this change in the relative value of gold and silver, to the influence of the balance of trade. 80, and by two sub^ sequent acts, one of 28th June, 1834, by which the British sovereign was made the equivalent in American gold coins of $4.

In gold. " is 25 " 57 " " in silver. Amsterdam, is 12 guilders, 09 centimes " in gold. " is 11 " 97 " " in silver. Hamburgh, is ,13 m'cs banco, 10$ schillings, " Bremen is 609J Rix dollars for 100 £ stg. in gold. CHAPTER VI. ON THE STEADINESS OF TRADE IN COUNTRIES EMPLOYING A METALLIC CURRENCY. IF the principles laid down in the preceding chapters be sound, as it is believed they are, it must necessarily follow that the operations of commerce in countries employing a metallic curency, are as regular and as little liable to fluctuations as the nature of things will admit, and more than this can no where be looked for.

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