Bullion and Foreign Exchanges Theoretically and Practically Considered: Followed by a Defence of the Double Valuation, with Special Reference to the Proposed System of Universal Coinage

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E. Wilson, 1868 - Coinage, International - 700 pages

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Page 82 - Thirty days after sight of this first of exchange (second and third of the same tenor and date unpaid...
Page 546 - The efficacy of that corrective of so-called unfavorable exchanges, on which we have been dilating, has been most thoroughly tested since the Bank of England has adopted the system of varying its minimum rate of discount more rapidly and more extensively than was its practice in former years.
Page 372 - The ^ per cent, either way being absorbed by charges of brokerage, transporting, realisation, and incidental costs, constitutes a natural bar to the more frequent interchange of shipments of bullion between the two countries.
Page 573 - I speak my own mind only, the Metric Committee of the British Association and the Council of the International Association having come to no resolution on the subject.
Page 242 - ... There are about three hundred hands employed in the building. When the men enter in the morning they are made to divest themselves of their own clothes, and put on others belonging to the mint. At the end of the day's work a gong sounds, when the somewhat curious spectacle is presented of three hundred men springing from the ground on which they had been seated, throwing off their clothes, and rushing, a naked throng, to one end of a yard. Here they pass through the following ordeal, in order...
Page 569 - ... of 25 francs. But for the proposal that a piece of fifteen francs be also added, the representatives of seven countries voted in favour, those of seven countries voted...
Page 568 - ... a sufficient guarantee for its being maintained in circulation in all the States, but that it is necessary to stipulate that in the countries which continue to use the silver standard only, and in those which have a double standard, the relation between the value of gold and silver should not be established on too low a footing, in order to give due facility for the practical introduction of the gold coinage.
Page 568 - That it is not possible to attain such identity, or even a partial coincidence, in such monetary types in an extended area, on the basis and on condition of the exclusive adoption of a silver standard ; but that it is possible to attain it on the basis of a gold standard, allowing each State to preserve the silver standard in a transitory manner. It was agreed by all, except the representatives of...
Page 243 - ... of this year these statements are taken by the Times, believes that the mint has been only twice entered by foreigners, and states that the apparent absence of all restrictions with regard to touching and handling the coins points to the probability that it is not often open to the public ; but he remarks that even if it •were, the manners and customs of the country are not such as would preclude a mixed assemblage of visitors from going over it and remaining to the end. The quantity of silver...
Page 86 - At sixty days' sight, pay this first of exchange, second and third not paid, to the order of Messrs.

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