Page 443 - clra62_0019-(GIPE)

INDEX 435
Cosio/ FrantfJ-German War 0/ CoTTON (amine, effects of the,
187<t1831 ( 1872]-eonllnued. mostly local. i. 429.
l'robable rapid recovery of France, CanuNAL statistics, difficulties of
49'5°· !!lternational comparisons of,
VI. Finance of the War and the
• Money Market: , 11. 54.
War make. money dear; the CURRENCY. bimetallic systems of,
Franco-German war somewhat and Gresham's law as to worn
an exception I money markets of coinage, ii. 163.
the world practically one market, CUSTOMS duties, changes in Brit-
with London for centre I lensi·
tivene" of money market; limi· ish, 1861-19°1, ii. 334.
tation of enterprise caused by -- tariffs not always protective,
wan, 51'54. but (or revenue purposes, ii.
Dank of England rate, variations 181.
during the war and ita causes, -.-. union, dream o( a British,
54'57·
The Dank of France and the war, u·3 8 7·
58.6a. - -- unsuitable to British
Powe, 01 Germany over the money Empire for geographical rea-
market, 63.67. sons, ii. 180.
VII. Conc:1usions:
I. Total direct expenditure of the
two countries, two hundred and
thirty. four million £, 68. DEATH·JlATIt and birth-rate and
2. Total ind irect losses of the two rate of excess of births over
countries, three hundred and deaths in Australia and Eng-
twelve million £, 69- land, ii. 354-355.
3. Total cost and loss of the two -- lower, points to improved
countries, five hundred and (orty-
six million £, 69. condition of the people, i. 401.
... Estimated cost of loss of life or Dtpredalioll 0/ Gold since 1848
'~ injury, 70. [1872], i. 75-97.
5. Losses of the two countries de-
frayed out of capitl1l and revenue, Increased supply of gold and rise
70-71. in prices; increase of supply in
6. The above losses compared with excess of demand the cause of a
the total income of the two fall in value; tWI) ways of testing
countries, 71. depreciation or otherwise of gold,
7. Gains of Germany through the 75-77·
war, one hundred and fifty million Finl. Jevons'. inquil')' of 1863
£ plus one hundred and seventy· prove<1 a general rise in prices
four million £ in permanent and a depreciation in value of
gold; index Dumben of prices,
c:apital'l2.
S. Loss a France, seven hundred J845' J872, 77'79-
million £ on the whole. plus Two objections to above coDclu.
six hundred million £ in per· sions; preponderance of textiles
manent capital, 72. iD formatioD of indu numbers,
9. Probable quick recovery of and prices used, mostly whole-
France, though loss equals ten sale. 80-8 J.
years' annual savings. France's S¥..w. CircDlation of coin varies
loss not necessarily Germaoy's ill proportion to growth of popg·
gain, 73. lauon and industl')'; comparison
10. Infiuencc of these financial ~,~pulatiOD aDd industry and
operations on cnODq market, h circu1ation in England, 84-
7l-
Iufluence .of gold discoveries on
COST of living, increased. among prices· euggerated by certain
the working classes, ii. 94· economists; annual productioD