Book Description

Excerpt from Money and Bimetallism: A Study of the Uses and Operations of Money and Credit; With a Critical Analysis of the Theories of Bimetallism, and a Study of Symmetallism and of the Tabular Standard of Value §1. Our money, at present, consists, mainly, of three kinds. (1) Gold money. - A piece of gold metal stamped or coined and given the denomination of a certain number of dollars, - five dollars, ten dollars, and twenty dollars, half-eagles, eagles, and double-eagles. (2) Paper money. - A piece of paper upon which is stamped or engraved a promise to pay a certain number of dollars, issued in the form of a promissory note by the Government or by a national bank. As this money is really a credit, it would be more proper to call it credit money, but the name of paper money has become so universal that it will be best to still adhere to it. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.