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scheme for ameliorating the financial troubles of the times, but has in each case been incidental to the statement of the facts. If others, upon the basis of the same facts, should arrive at different conclusions, it should not render this compilation of facts any the less valuable as a book of reference, which it was the author's aim to make.

CHICAGO, Dec. 6, 1876.

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Brazil, - - - - - - - - -

Various effects of on value of currency, - . .

Inconvertible paper money-three causes affecting its value,

Its increase in value by reason of scarcity of any other

medium of exchange, - - - - - -

Its stimulating effects on industry and trade, - -

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AVERAGE RATIO OF NATIONAL REVENUE TO VOLUME

OF MONEY IN USE IN ALL COUNTRIES.
The ratio of national revenue to the total volume of money

in all countries, - - - - - -

Table showing the uniformity in the proportions of money

and national revenue per capita of the population in

all countries, - - - - - - - -

The average amount of annual national revenue about 38 to

40 per cent of the total volume of money in use, .

Striking illustration of the above rule in the proportions of

annual revenue to the volume of money in use in the

United States each year from 1866 to 1876 (note to

page 243), - - - - - - - -

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Canada, - - - - - - - - -

Mexico, - - - - - - - - -

Brazil, - - - - - - - - -

South America,

Asia, - - - - - - - - - ..

The World, - - - - - - - -

Diagram showing the approximate volume of paper money

in the world each year from 1845 to 1875, and the
relative decrease in the amount of gold and silver, - 128, 129

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The values of gold and silver largely adventitious, - - 134, 139

Great changes in, -

142

Depreciation in, from 1849 to 1854, - - - - 129

Cause of the decline of silver with the decline of gold after

1849, - - - - - - - - - 133
Relative values of gold and silver, in accordance with the

experience of two hundred years, - - - - 139

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