The Gold-seeker's Manual

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London, 1849 - 172 páginas
 

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Página 119 - The value of any commodity, to the person who possesses it, and who means not to use or consume it himself, but to exchange it for other commodities, is equal to the quantity of labour which it enables him to purchase or command. Labour, therefore, is the real measure of the exchangeable value of all commodities.
Página 120 - it comes to pass that the exchangeable value of every commodity is more frequently estimated by the quantity of money than by the quantity either of labour or of any other commodity which can be had in exchange for it. "Gold and silver, however, like every other commodity, vary in their value,
Página 125 - Money, therefore, the great wheel of circulation, the great instrument of commerce, like all other instruments of trade, though it makes a part, and a very valuable part of the capital, makes no part of the revenue of the society to which it belongs ; and though the metal pieces of which it is composed, in the course of their annual
Página 121 - avoirdupois of copper, of not the best quality, which before it is coined is seldom worth seven pence in silver. But as, by the regulation, twelve such pence are ordered to exchange for a shilling, they are in the market considered as worth a shilling, and a shilling can at any time be had for them.
Página 95 - gradually wash out the earth and separate the gravel by hand, leaving nothing but the gold mixed with sand, which is separated in the manner before described. The gold in the lower mines is in fine bright scales, of which I send several specimens.
Página 120 - at distant places there is no regular proportion between the real and the money price of commodities, yet the merchant who carries goods from the one to the other has nothing to consider but the money price, or the difference between the quantity of silver
Página 29 - from the coast to the interior country. Approaching from the sea the coast presents a bold outline. On the south, the bordering mountains come down in a narrow ridge of broken hills terminating in a precipitous point, against which the sea breaks heavily. On the northern side the mountains present a bold promontory, rising in a few miles to
Página 25 - enter the regions of perpetual snow. Stretched along the mild coast of the Pacific, with a general elevation in its plains and valleys of only a few hundred feet above the level of the sea, and backed by the long and lofty wall of the Sierra, mildness and geniality may be assumed as the
Página 31 - as the mouth of the Tagus at Lisbon. A delta of twenty-five miles in length, divided into islands by deep channels, connects the bay with the valley of the San Joaquin and Sacramento, into the mouths of which the tide flows, and which enter the bay together as one river.
Página 145 - Though the produce of the greater part of metallic mines therefore varies perhaps still more from year to year than that of the greater part of corn-fields, those variations have not the same effect upon the price of the one species of commodities as upon that of the other*.

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