The National Debt Financially Considered
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In our eReader you can find the full English version of the book. Read The National Debt Financially Considered Online - link to read the book on full screen. Our eReader also allows you to upload and read Pdf, Txt, ePub and fb2 books. In the Mini eReder on the page below you can quickly view all pages of the book - Read Book The National Debt Financially Considered
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3 grs. Of gold, * and as the debt amounted, at the close of the war, to 8 1 6 millions of pounds, so that debt must necessarily be 816 million times 5 dwts. 3 grs. Which will be found to amount to about 6, 401 tons avoirdupois of gold, of standard fineness. This is the view taken by the school of economists of which the late Sir Robert Peel was so eminent a member and leader, and it is now upheld by Lord Overstone, Mercator of the Times, and others of similar sentiments. Every pound of the Debt... they consider to be 5 dwts. 3 grs. Of gold that, and that alone. In their view, the obligation to pay back such pounds as these, either in the payment of the inter- est, or the repayment of the principal of the debt, was either expressed or implied in all the engage- ments entered into by the Government with the fundholders. Peel's defi- Notwithstanding the great names which endorse nition unsa- tisfactory, this doctrine, the above definition of the ' pound ' * The above must be taken with some qualifications ; as Sir Robert Peel was in error when lie said ' a pound ' was, even by the practice, the law.
What to read after The National Debt Financially Considered?
You can find similar books in the "Read Also" column, or choose other free books by Edward Capps to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
3 grs. Of gold, * and as the debt amounted, at the close of the war, to 8 1 6 millions of pounds, so that debt must necessarily be 816 million times 5 dwts. 3 grs. Which will be found to amount to about 6, 401 tons avoirdupois of gold, of standard fineness. This is the view taken by the school of economists of which the late Sir Robert Peel was so eminent a member and leader, and it is now upheld by Lord Overstone, Mercator of the Times, and others of similar sentiments. Every pound of the Debt... they consider to be 5 dwts. 3 grs. Of gold that, and that alone. In their view, the obligation to pay back such pounds as these, either in the payment of the inter- est, or the repayment of the principal of the debt, was either expressed or implied in all the engage- ments entered into by the Government with the fundholders. Peel's defi- Notwithstanding the great names which endorse nition unsa- tisfactory, this doctrine, the above definition of the ' pound ' * The above must be taken with some qualifications ; as Sir Robert Peel was in error when lie said ' a pound ' was, even by the practice, the law.
What to read after The National Debt Financially Considered?
You can find similar books in the "Read Also" column, or choose other free books by Edward Capps to read onlineMoreLess
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