Search Images Maps Play YouTube News Gmail Drive More »
Sign in
Books Books
" A dollar which can be loaned for twelve per cent. interest, is worth twice as much as one that can be loaned for but six per cent., just as a railroad stock which will annually bring in twelve per cent., is worth twice as much as one that annually brings... "
Labor and Other Capital: The Rights of Each Secured and the Wrongs of Both ... - Page 56
by Edward Kellogg - 1849 - 298 pages
Full view - About this book

Massachusetts Quarterly Review, Volume 2

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...
Full view - About this book

A New Monetary System: The Only Means of Securing the Respective Rights of ...

Edward Kellogg - Currency question - 1861 - 380 pages
...artificial, and consists in its arbitrary power to represent actual value and to accumulate by interest. Demand and supply are sometimes said to give value...much as one that can be loaned for but six per cent., just as a railroad stock which will annually bring in twelve per cent., is worth twice as much as one...
Full view - About this book

Mutual Banking: Showing the Radical Deficiency of the Present Circulating ...

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...
Full view - About this book

A New Monetary System: The Only Means of Securing the Respective Rights of ...

Edward Kellogg - Currency question - 1874 - 432 pages
...artificial, and consists in its arbitrary power to represent actual value and to accumulate by interest. Demand and supply are sometimes said to give value...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...
Full view - About this book

Rose-Belford's Canadian Monthly and National Review, Volume 5

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...
Full view - About this book

Rose-Belford's Canadian Monthly and National Review, Volume 5; Volume 18

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...
Full view - About this book

Labor and Capital: A New Monetary System : the Only Means of Securing the ...

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...
Full view - About this book




  1. My library
  2. Help
  3. Advanced Book Search
  4. Download EPUB
  5. Download PDF