MONEY 79611 THE SUCCESSIVE STEPS IN THE GROWTH OF MONEY TRACED TO PAST AND PRESENT LEGISLATION BY WILLIAM BROUGH Individuality is left out of their scheme of government. G. P. PUTNAM'S SONS NEW YORK LONDON 27 WEST TWENTY-THIRD STREET 24 BEDFORD STREET, STRAND COPYRIGHT, 1894 BY WILLIAM BROUGH BY G. P. Putnam's SONS Tbe knickerbocker Press, Acw Rocbelle, M. P. What is meant by the “natural law of money "— The need of a medium of exchange—Barter the first method of ex- change-Profit a stimulus to trade-Money as a measure of values—Various forms of money-Qualities requisite to an . BI-METALLISM AND MONO-METALLISM 20-57 Silver and gold as an equivalent tender—The Gresham law -Mutilation of the coinage in England—Why cheap money expels money of higher value from the circulation-Influ- ence of Jew money-changers in raising the monetary stand- ard-Clipping and sweating-Severe punishment of these offences—Value of the guinea-Mono-metallism succeeds bi-metallism— The mandatory theory of money—The law of natural displacement-A government's legitimate service in regard to money—Monetary principles applied to bi-metal- lism-Effects of the demonetization of silver in 1873— The Latin Union-Effect of legislative interference with money — The per-capita plan—The Bland Act—The Sherman Act - Present difference in value between a gold and a silver |
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