Considerations On Commerce, Bullion And Coin, Circulation And Exchanges : With a View to Our Present Circumstances 12
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N" 56 : So the above values of gold would be increased, in proportion to the higher prices in 1808, and 1809* ' foreigPt I BULLIO^' AND CGII«J ; ETC. Ill foreign mmket ; and that generally the disposition of the maiket, here, concurs with the prices, abroad ; because persons are willing to buy tip to that price *, Tliis regulation of the prices, hei'e, by the rise, and fall, of the prices, abroad, might be expected, from the fact, which has been already mentioned, that nearly all the gold, whic...h is sold, in London, is for export to the Continent, while the quantity sold, for flomestic use, is not a tivcnt'icth part of that sold for export. Such facts, stated, bj a broker, who knows them best, do not, ho^vever, shake the belief of the Committee, that it is the dcpreciatioji of tiie monri), which regulates the price of bullion, and the rise, and fall of the exchanges : Neither did the in- formation of Mr. Merle, the banker and refiner, much avail, when he informed the Conjmittee, '• that " the price of gold, in England, is rather less, than " it might be;" comidering the price on the Con- tinent ; and he was positive, " that it is the prc- " sent high price on the Continent, v.hich carries '' gold abroad." Mr.
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To quickly assess the difficulty of the text, read a short excerpt:
N" 56 : So the above values of gold would be increased, in proportion to the higher prices in 1808, and 1809* ' foreigPt I BULLIO^' AND CGII«J ; ETC. Ill foreign mmket ; and that generally the disposition of the maiket, here, concurs with the prices, abroad ; because persons are willing to buy tip to that price *, Tliis regulation of the prices, hei'e, by the rise, and fall, of the prices, abroad, might be expected, from the fact, which has been already mentioned, that nearly all the gold, whic...h is sold, in London, is for export to the Continent, while the quantity sold, for flomestic use, is not a tivcnt'icth part of that sold for export. Such facts, stated, bj a broker, who knows them best, do not, ho^vever, shake the belief of the Committee, that it is the dcpreciatioji of tiie monri), which regulates the price of bullion, and the rise, and fall of the exchanges : Neither did the in- formation of Mr. Merle, the banker and refiner, much avail, when he informed the Conjmittee, '• that " the price of gold, in England, is rather less, than " it might be;" comidering the price on the Con- tinent ; and he was positive, " that it is the prc- " sent high price on the Continent, v.hich carries '' gold abroad." Mr.
What to read after Considerations On Commerce, Bullion And Coin, Circulation And Exchanges : With a View to Our Present Circumstances 12?
You can find similar books in the "Read Also" column, or choose other free books by Chalmers, George, 1742-1825 to read onlineMoreLess
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