Readings in Money and Banking

Selected and Adapted

Published: 1916
Language: English
Wordcount: 302,982 / 931 pg
Flesch-Kincaid Reading Ease: 36.6
LoC Category: HG
Downloads: 1,958
Added to site: 2011.07.11
mnybks.net#: 30359
Genre: Business
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Excerpt

sent for payment at any shop he pleases, and which entitle him to receive a certain value of any commodity that he makes choice of. The farmer pays his laborers and his landlord in these tickets, as the most convenient plan for himself and them; but their real income is their share of his corn, cattle, and hay, and it makes no essential difference whether he distributes it to them directly or sells it for them and gives them the price; but as they would have to sell it for money if he did not, and he is a seller at any rate, it best suits the purposes of all, that he should sell their share along with his own, and leave the laborers more leisure for work and the landlord for being idle. The capitalists, except those who are producers of the precious metals, derive no part of their income from those metals, since they only get them by buying them with their own produce: while all other persons have their incomes paid to them by the capitalists, or by those who have received payment from the capitalists, and as

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