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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.
TABLE OF CONTENTS.
Similar changes in France in 1785 and Austria in 1857, ..
Period of greatest contraction, - - - - -
PAPER MONEY IN EUROPE.
Russia, - - - - - - - - -
Switzerland, - - - - - - - -
Increase of in Europe, - - - - - -
Joint-stock banks in Great Britain, - - -
SUSPENSIONS OF SPECIE PAYMENTS IN ALL COUNTRIES.
Inconvertible paper money-three causes affecting its value,
Its increase in value by reason of scarcity of any other
medium of exchange, - - - - - -
AVERAGE RATIO OF NATIONAL REVENUE TO VOLUME
OF MONEY IN USE IN ALL COUNTRIES.
in all countries, - - - - - -
The average amount of annual national revenue about 38 to
40 per cent of the total volume of money in use, .
COIN AND PAPER MONEY IN THE WORLD.
Diagram showing the approximate volume of paper money
in the world each year from 1845 to 1875, and the
The average annual product of gold prior to about 1825 was
thirteen millions to fifteen millions dollars, - -
The end of the golden era about 1862, - - - - 145
Cause of the decline of silver with the decline of gold after
1849, - - - - - - - - - 133
experience of two hundred years, - - - - 139