By Condy Raguet
HiG 6L ELLIOT. A extra pleasant addition may perhaps scarcely be made to the library of the gentleman or woman of flavor and refinement. The prize poems, hymns, and miscellaneous writings of Bishop Heber, the process Time through Pollok, and the wealthy, numerous, and opulent productions of the Rev. George Crabbe, are one of the commonplace works, the classics of our language. to procure and safeguard them in a single quantity, can't yet be a fascinating item to their admirers. And it really is to be was hoping it is going to be present in the library of each kinfolk. A author within the Boston vacationer holds the subsequent language with regards to those priceless versions: Mr. Editor I wbh, with none concept of puffing, to claim a note or upon the Library of English Poets that's now released at Philadelphia, through Grigg Elliot; it really is definitely, bearing in mind the based demeanour during which it really is revealed, and the average fee at which it truly is am rded to dealers, the simplest version of the trendy British Poets that has ever been released during this nation. each one quantity is an eightvo of approximately 500 pages, double columns, stereotyped, and observed with 6ne engravings and biographical sketches, and so much of them are reprinted from Galignanis French variation. As to its price we want merely point out that it comprises the full works of Montgomery, grey, Beattie, Collins, Byron, Cowper,T hom. son, Burns, Milton, younger, Scot Moore, Coleridge, Rogers, Campbell, Lamb, Hemans, Heber, Kirk White, Crabbe, the Miscellaneous Works of Goldsmith, and different martyrs of the lyre. The publishers are doing a good provider via their ebook, and their volumes are virtually in as nice call for because the stylish novels of the day, and so they should be so, for they're definitely published in a mode better to that during which we've prior to had the works of the English Poets. THE BEAUTIES OF historical past, or Examples of the other E
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Additional resources for A Treatise on Currency and Banking
CHAPTER V. ON THE PRINCIPLES OF EXCHANGE. BILLS of exchange are those commercial instruments by which a merchant in one country or place directs money which is subject to his control in another country or place to be paid over to a third party. In the commercial transactions of every nation, some of the merchants become indebted to other merchants in foreign countries for commodities purchased there upon credit, whilst some others have funds in those foreign countries arising from the sale of cargoes disposed of there.
Thus far it is manifest that the balance of trade occasions no exportation of the precious metals, and that consequently the general level ef currencies is not disturbed. But it may happen that the increased demand for exportable commodities arising from the augmented premium on exchange, may raise their price to an extent equal to the rise in the price of bills, and thus put an end to their exportation, by taking away the additional profit. A new expedient is then resorted to by capitalists to take advantage of the premium on exchange, which is to obtain a credit abroad upon which they may draw bills, under the calculation that at some future, not very distant period, they will be able to replace the funds at a lower rate of exchange, and thereby realise a profit by the operation.
A new expedient is then resorted to by capitalists to take advantage of the premium on exchange, which is to obtain a credit abroad upon which they may draw bills, under the calculation that at some future, not very distant period, they will be able to replace the funds at a lower rate of exchange, and thereby realise a profit by the operation. The transmission, too, of public securities, bank, railroad, and canal stocks, and the extension of credits by the consent of the foreign creditors upon allowing interest for the extended term, are all well known levers in the mechanism of trade, (to say nothing of bankruptcy), by which the tendency of an unfavora- 16 A TREATISE ON ble balance of trade to cause an exportation of the precious metals is frequently neutralised.
A Treatise on Currency and Banking by Condy Raguet