Proceedings of the Annual Convention of the American Bankers' Association Volume 1885

Proceedings of the Annual Convention of the American Bankers' Association Volume 1885

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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. 1885 edition. Excerpt: ...etc., including Netherlands other possessions in Asia, Sumatra, Borneo, Celebes, etc. 25. Egypt, including Abyssinia, -Nubia, Soudan, etc. 26. Tunis. 27. Tripoli. Total Population 772,000,000. GOLD And Silver. (Called the Double Standard of Value.) Europe. 28. a 1 France, 29..2 Belgium 30. Switzerland I limited or suspended coinage of silver until j 1886. Italy, suspended specie payments in 1866, had a legal ten3 I der paper money, and resumed specie payments on April $ J 12, 1883. 32. Greece, the Prime Minister and the Minister of Foreign Af fairs are reported, in April, 1885, to have decided in favor of bi-metallism. But the solution of the problem depends upon Germany, whose acceptance is hoped for under pressure from France and Italy. 33. Boumania. 34. Holland, silver up to 1816, then gold and silver, then silver again, now gold. 35. Spain, suspended specie payments about the year 1868--in a chronic state of insolvency. America. 36. United States of America. 37. Colombia, United States of. 38. Venezuela. 39. Chili. 40. Uruguay. 41. Paraguay. 42. Bolivia. 43. Cuba. Asia. 44. Japan, nominal; suspended specie payments in 1877. Africa. 45. Algiers. Total Population 181,000,000. A large part ofthe $3,500;000 paper money issued by governments and banks is based on and convertible into coin. Silver represents about two-fifths of the metallic money of the world, and, with every million of it demonetized, must fall a proportionate amount of paper. The demonetization of silver, accomplished and attempted, and the apprehension that silver will ultimately cease to be one of the moneys of the world, create the fluctuations in and depressions of the market value of silver bullion. Further, the reduction of the volume and circulation of the medium more

Product details

  • Paperback | 126 pages
  • 189 x 246 x 7mm | 240g
  • United States
  • English
  • black & white illustrations
  • 1236789245
  • 9781236789242