 | Edward Kellogg - Currency question - 1849 - 322 pages
...consists in its arbitrary power to exchange products and property, and accumulate them when it is loaned. Demand and supply are sometimes said to give value...much as one that can be loaned for but six per cent, as much as a railroad stock which will annually bring in twelve per cent, is worth twice as much as... | |
 | Edward Kellogg - Currency question - 1849 - 312 pages
...when it is loaned. Demand and supply are sometimes said to give value to money ; but it would be aa reasonable to assert that demand and supply fix the...much as one that can be loaned for but six per cent, as much as a railroad stock which will annually bring in twelve per cent, is worth twice as much as... | |
 | 1849 - 544 pages
...proportion of a laborer's earnings shall go to the capitalist, and what remain in his own hands. " Money is valuable in proportion to its power to accumulate...worth twice as much as one that can be loaned for bat six per cent., as much as a railroad stock which will annually bring in twelve per cent., is worth... | |
 | 1849 - 548 pages
...shall go to the capitalist, and what remain in his own hands. " Money is valuable in proportion to ite power to accumulate value by interest. A dollar which...much as one that can be loaned for but six per cent., as much as a railroad stock which will annually bring in twelve per cent., is worth twice as much as... | |
 | William Batchelder Greene - Business & Economics - 1870 - 64 pages
...loaned for an income, as the value of a farm depends upon its natural power to produce." And again : " Money is valuable in proportion to its power to accumulate value by interest." Mr. Kellogg is mistaken. Money is a commodity in a twofold way, and has therefore a twofold value and... | |
 | 1880 - 690 pages
...shall these government promises represent, gold and silver being banished ? This writer tells us that ' Money is valuable in proportion to its power to accumulate value by interest.' ' The law of interest or percentage on money as much governs the rent or use of property, and consequently... | |
 | Graeme Mercer Adam, George Stewart - Anthologies - 1880 - 704 pages
...these government promises represent, gold and silver being banished Î This writer tells us that ' Money is valuable in proportion to its power to accumulate value by interest' ' The law of interest or percentage on money as much governs the rent or use of property, and consequently... | |
 | Edward Kellogg - Currency question - 1883 - 396 pages
...pound, or the size of the bushel, as that demand and supply regulate the value of money. One is a legai instrument to determine value, its own value being...to accumulate value by interest. A dollar which can b« loaned for twelve per cent, interest, is worth twice as much as one that can be loaned for but... | |
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One is a legal instrument to determine value, its own value being fixed by law; the others are legal instruments to determine length, weight, and quantity, their own length, weight, and size being fixed by law. Money is valuable in proportion to its power... 