Publisher's Synopsis
Excerpt from Currency and Finance: Speech of Hon. Henry W. Blair, of New Hampshire, in the House of Representatives, Thursday, May 18, 1876
But it should be remembered that the law of demand and supply regulates to a great ex tent the price oi the use of money, or the rate of interest, as it does all the relations of value; and that during a period of universally high prices the rate of interest must necessarily be enhanced. On the other hand, when prices fall and things are adjusted and in their nat ural condition, whoever has good security to give can raise the money from some other source, or agree upen more favorable condi tions with his creditor, and thus realize that reduction of interest which the times require.
About the Publisher
Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com
This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.
