. Facts and suggestions relative to finance & currency addressed to the president of the Confederate States. ld and silver, the power ;to regulate its value is rendered moredifficult by the fact that, inasmuch as the precious metals are of universal useamong all civilized nations, and are easily exported from one nation to anyother, the value of metallic money in the Confederate States will be regulatedby the contingencies which may effect in the foreign markets; whichvalue will be determined by circumstances, over which our Congress can ex-ercise no control. This is further illustra
. Facts and suggestions relative to finance & currency addressed to the president of the Confederate States. ld and silver, the power ;to regulate its value is rendered moredifficult by the fact that, inasmuch as the precious metals are of universal useamong all civilized nations, and are easily exported from one nation to anyother, the value of metallic money in the Confederate States will be regulatedby the contingencies which may effect in the foreign markets; whichvalue will be determined by circumstances, over which our Congress can ex-ercise no control. This is further illustrated by the annexed diagrams—forthe two first of which I &w indebted to Mr. Edward Hazlewood, of London,and for the other to Gibbons work on the Banks and Banking in New York i T> I .A, GS- :e, -A. 2VE Showing the Fluctuations in the rate of interest charged by the Bank of England, as regulated by theAmount of Bullion in its vaults, the figures in the margin representing the Bullion in million*of dollars (from $35,000,000 to $100,000,000), and the irregular lines indicating the rates
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Keywords: ., bookcentury1800, bookdecade1860, booksubjectfinancepublic, bookye
