Page 447 - clra62_0019-(GIPE)

INDEX 439
EXPORT of m!ney and Gresham's Causes of the fall: contemporary
Ia w as tQ wom coinage, ii. 162. reduction also in stocks of cattle
.
- trade, our, compared with and sheep; injurious effects of
,
the bad haneats on the eoontlf
the total national income, L 424. banIu; unfavourable foreign ex-
changes; extraordinary demands
FAIR-TRADE arguments, confu- ror gold in Germany and United
States. combining with a prob-
sion ofideas in certain, i. 373. able falling off in supply. 136-
Fall oj Prites of Commod;lies ;11 1]9-
18 73-79 [1879], i. 121-155. TtI,,/, of gold production, 18S2.
'13, Ihowine' gradual ,eduction,
Serious and probably pennanent 141.
character of the faU in prices. Effects of this gradual falling off oC
Eatent of the fall, instance. of its gold production intensified by
continuoul gradual decline from aD eDol1DOU8 coDt~mporary in.
1873 10 1878; in iron, 66 per crease in population, in wealth
cent. J in tin, 57 per cenl.; in per bead (equal to 100 per unt.),
cotton, 46 per cent. J in 11"001,43 and in the enlarged production
per cent., and in wheat, 29 per of coal, iroD, cottOD. ships, etc.,
"Dt., ua. 14a.
Tab/I Iho~inl;. heavinese of faU, ~ Additional effect (rom the inclu-
companog January, 1873, with lion or France. Germany, and
January, 1879, 124. the United States, among gold-
Index Dumben. showing compora· standard using countries. 144-
tive rises and faUs (rom 1845 to What the fall explains, and i IS con.
1879, 125'126. sequences; the supposed decline
Index number of January. 1879, In the amount of our forei~
show. the lowesl level of prices trade explainable by a fall m
alnce 1850, 127. prices equivalent to the amount,
Mr. A. Ellia'. laU, showing rela. '47.
tive COlt of foods and materials Question as to the connection or
in ,8S9-78, and relative Call since the depreciation of silver, with
1869, 128. the prolonged discredit of trade,
Changes of prices in exports 1865- ISo..
'17 compcued with 1861, showing Necessity of a (all in wages Co11ow.
them to be at a much lower level ing a great fall in prica. I S I.
in 187& thaD aner the inflation of Prnbabilit)' of a profonged (a1J in
1865, us. prices following an incipient gold
Summarr of previous remarks as 10 scarcity, as a gradual rise fol-
eueSSlve fall in pricee, 1873-79, lowed the Australian and Cali.
as com pared with previous Call rornian disc:overia. 1 Sa.
following I86S, 1Ig. Coudndine' obsemations; DeCeSSit)'
Causes of the (all I general state- lor economising expedients even
ment o( them, and of such as by the issue 01 one-pound DOtes
may account Cor the prolongation to mitigate the evils of a scarcity
of the decline, 131. of gold, '5],
Commercial revclatiOllS of the last
few years more gradual aDd more FtJIIIYMOIUtuySla"aartis[18921
discreditable than those of 1866; ii. 166-177.
the collapse of foreign loans, and
e&t&strophe of the City of Glas- RefcrtDCe to Mr. ~ot'. paper
gow Bank, as ac:coun!ina:. for the in the co Ecooomist OD a .. Neor
greater Call in prices than III 1866, Standard of Value, .. which wu a
I]a. criticiaa of Mr. Jevou·. sug.
Deficient harves& II one·foW'th • of gested "multiple standW. • 166-
1875-76-771 explanation of their Mr. Auarin Williams', proposal
bad effects, though DOl C&J\sing 01 a ., va1ue 01 bullion at&ndard ..
rise of prices. owiac to foreign a1m&st identical with that 01 Mr.
importations, J35· Jnan.s. 166.