National Finance And Public Money Settling The Money Question Government Ownership Of Railroads And Telegraphs

Author : J. M. Horner
Publisher :
ISBN 13 : 9781331178002
Total Pages : 294 pages
Book Rating : 4.1/5 (78 download)

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Download or read book National Finance and Public Money written by J. M. Horner and published by . This book was released on 2015-07-11 with total page 294 pages. Available in PDF, EPUB and Kindle. Book excerpt: Excerpt from National Finance and Public Money: Settling the Money Question, Government Ownership of Railroads and Telegraphs Within these pages may be found a financial machine owned by the people and by it they will produce, own and loan public money, basing it upon Government and State bonds, gold and silver bullion and real estate. The material of this money is gold, silver and paper. Its standard of value is United States Gold Coin. All money made by this machine is a full legal tender for all money purposes, public and private, and its value is fixed by law to that of the standard up to its full face value. By this machine the people will inaugurate bimetallism, without the consent, or assistance of other nations. By it they will produce a money that is safe, sound and flexible, all on a parity, always enough, never too much, and at an approximate equitable interest of three per cent. per annum. All money produced by this machine and loaned by it to the people, is all redeemed by the borrower or his property, the same as the National Bank Note is now redeemed. This machine will produce a revenue from a new source for the use of the Government, variously estimated from 60 million to 200 million dollars annually, without expense to the Government for collecting. A Government Banking Department will be the people's agent for running this financial machine for them. This machine is a system of national finance and currency and if put in motion, would remove from the business world; most, if not all the evils arising from our present inadequate, iron, clad, private money systems. The suffering and loss, arising from a depreciated currency, insufficient supply, imperfect distribution and money panics, in times past are beyond computing and are the bitter fruits, that have fallen to civilized man from tradition and inheritance, from the feudal ages. All of which this financial machine would remove. 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.