Worth And Wealth; A Collection Of Maxims, Morals And Miscellanies For Merchants And Men Of Business

Paperback | February 5, 2012

byFreeman Hunt

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This historic book may have numerous typos and missing text. Purchasers can download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1856. Excerpt: ... 243. The Dutchman very justly observes that the moment money becomes cheap, up goes the price of beef and potatoes, so that it makes but very little difference to anybody save gold diggers and borrowers, whether the yield of gold mines be one ton a year or one thousand tons. Since the discovery of gold in California, interest has fallen some forty per cent, while rents have gone up seventy-five. The idea that the quantity of comfort in the world depends on the quantity of money in it, is, therefore, all moonshine. Double the present supply of gold, and we would double the price of every article for which gold is given in exchange--so that it makes "no difference to nobody" whether half the mountains in California are composed of precious metals or not. Things will find their level, and if an hour's labor in California will produce an ounce of gold, the time will soon come when an ounce of gold will be given for an hour's cobbling. The quantity of labor necessary to produce an article determines its value. Make gold dust as common as gravel, and it would bring the same price per peck. 244. The Pittsburgh Daily Dispatch puts a question, and makes a statement in the following paragraph, which we are assured s supported by the most incontestable evidence. "How is This?--Can a Commission Merchant, in ' good and regular standing' in a Christian Church, go to a steamboat officer and bargain for the shipment of say four hundred bbls. of flour at forty cents per barrel, provided the steamboat officer will agree to fill up the bill at fifty cents per barrel,--so as to enable the merchant to make forty dollars over his legitimate commission, &c, off the confiding consignor or owner, who pays this forty dollars more than he need pay, if the whole transaction were str...

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This historic book may have numerous typos and missing text. Purchasers can download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1856. Excerpt: ... 243. The Dutchman very justly observes that the moment money becomes cheap, up goes the price of beef and potatoes, so that it...

Format:PaperbackDimensions:140 pages, 9.69 × 7.44 × 0.3 inPublished:February 5, 2012Publisher:General Books LLCLanguage:English

The following ISBNs are associated with this title:

ISBN - 10:0217662218

ISBN - 13:9780217662215

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