A paper currency, equal in value to that sum in gold or silver, could therefore be sustained so long as confidence was preserved. The issues were gradually increased during the ensuing years, and in April, 1778, amounted to thirty millions. A depreciation... Banks and Currency - Stran 468avtor: Albert Gallatin - 1830 - 88 straniCelotni ogled - O knjigi
| James William Gilbart - 1837 - 234 strani
...amount did not exceed nine millions of dollars. A paper currency, equal in value to that sum in gold and silver, could therefore be sustained so long as confidence...and the depreciation should not have been more than 3g to 1; instead of which, it was then at the rate of six dollars in paper for one silver dollar, and... | |
| Albert Gallatin - 1879 - 672 strani
...which the currency of the United States is exposed, we will illustrate that position by some instances. The paper money issued by Congress during the war...and the depreciation should not have been more than 3J to 1 ; instead of which, it was then at the rate of six dollars in paper for one silver dollar,... | |
| Samuel Bailey - 1887 - 246 strani
...the press, furnishes a series of instances ready to my hand. " The paper money," says the writer, " issued by Congress during the war of the American...and the depreciation should not have been more than 3j to J ; instead of which, it was then at the rate of six dollars in paper for one silver dollar,... | |
| Carnegie Museum, Carnegie Museum of Natural History - 1903 - 704 strani
...contained in "The Writings of Albert Gallatin," edited by Henry Adams, Vol. III., p. 260, as follows: " The paper money issued by Congress during the war...and the depreciation should not have been more than 3^3 to i ; instead of which it was then at the rate of six dollars in paper for one silver dollar,... | |
| Carnegie Museum, Carnegie Museum of Natural History - 1904 - 688 strani
...depreciation before the year 1776, and so long as the amount did not exceed nine millions of dollars. A paj1er currency equal in value to that sum in gold or silver...and the depreciation should not have been more than 3^/3 to 1 ; instead of which it was then at the rate of six dollars in paper for one silver dollar,... | |
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