Considerations on the Currency and Banking System of the United States, Republished with Additions and Corrections from the American Quarterly-Review PDF Download
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Author: Albert Gallatin
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Category :
Languages : en
Pages :
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Author: Albert Gallatin
Publisher:
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Category :
Languages : en
Pages :
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Category :
Languages : en
Pages : 588
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Author: Albert Gallatin
Publisher: Philadelphia : Carey & Lea
ISBN:
Category : Banks and banking
Languages : en
Pages : 120
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Author: Albert Gallatin
Publisher: Forgotten Books
ISBN: 9780265388884
Category : Business & Economics
Languages : en
Pages : 110
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Excerpt from Considerations on the Currency and Banking System of the United States As the total importation of precious metals from America to Europe had not, prior to the year 1596, exceeded 3 quantity equal to that contained in eight hundred millions of dollars, and the depreciation was then already at the rate of about 3 to 1; it is probable that the total amount of gold and silver existing in Europe prior to the discovery of America, though Worth then four times as much, did not in quantity exceed that contained in three hundred millions Of dollars, moneyr of the present times. The total amount of gold and silver produced By the mined of America, to the year 1803, inclusively, and remaining therei or exported to Europe, has been estimated by Humboldt at about five thousand six hundred millions of dollars; and the product of the years 1804 - 1830, may be estimated at seven hundred and fifty millions. If to this we add orie hundred mil: lions, the nearly ascertained product to this. Time of the mines of Siberia, about four hundred and fifty millions for the African gold dust, and for the product of the mines of Europe, (which yielded about three millions a year in the beginning of this cen ury, ) from the discovery of America to this day, and three' About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.
Author: Ralph C. H. Catterall
Publisher:
ISBN:
Category :
Languages : en
Pages : 562
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Author: Ralph Charles Henry Catterall
Publisher: Chicago : University of Chicago Press
ISBN:
Category : Banks and banking, Central
Languages : en
Pages : 572
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Author: University of Chicago
Publisher:
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Category : Universities and colleges
Languages : en
Pages : 560
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Author: Albert Gallatin
Publisher: Rarebooksclub.com
ISBN: 9781230180588
Category :
Languages : en
Pages : 48
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This historic book may have numerous typos and missing text. Purchasers can usually download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1831 edition. Excerpt: ... nearly equal amount of these would be returned upon them, and that the real amount of those in actual circulation should not be estimated at more than fifty-three and a half millions of dollars. We have however adopted throughout the usual mode of computation. If to the amount of notes we add the deposits, we will have a total of either one hundred and eighteen, or one hundred and nine millions, according to each of those two modes of computing, for the circulation of all the banks. This is sustained by a sum of twenty-two millions in specie, which makes no part of the circulation. There are no means of ascertaining correctly the portion which consists of the precious metals. The silver coinage of England forms nearly one-seventh part of the whole circulation of that country. At that rate, that of the United States, allowing for the various considerations which may affect the question, cannot be estimated at more than ten millions. It is well known, that gold has been altogether excluded by the mint regulations. We have therefore the following results, according to the view of the subject, which may be adopted: Gross amount of notes issued, $62,500,000 Silver coins, 10,000,000 Usual mode of computing, 1, .... 72,500,000 And if deposits are included, 55,500,000 2, .... 128,000,000 But if the bank notes of other banks on hand are deducted, the notes in circulation will be-$53,500,000 Silver, 10,000,000 3, 63,500,000 And if deposits are included, 55,500,000 4 119,000,000 Which last appears to us the most correct mode of computation. Although we have freely expressed our opinion, that, taking into consideration all the circumstances which belong to the subject, it might have been preferable in the United States to have had nothing but a.
Author: Albert Gallatin
Publisher:
ISBN:
Category :
Languages : en
Pages : 0
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Author: United States. Congress. House. Committee on Banking and Currency
Publisher:
ISBN:
Category : Banks and banking
Languages : en
Pages : 176
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