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"In considering this matter, the first question which presents itself is, where do these tribes now make their exchanges, and obtain their necessary supplies. They resort almost exclusively to the Mexicans, who, themselves, purchase from us whatever the Indians most seek for. In this point of view, therefore, coeteris paribus, it would be an easy matter for us to monopolize the whole traffic.
But here, true to that habit of the Bible, if the word may be used, with which it accumulates on Him the most diverse titles in the effort to set forth His fulness, the Writer exchanges all this range of thought for the one endearing designation of the SHEPHERD of the sheep. It was as such that He went down to death, giving for the flock His life.
He went everywhere, perhaps most often to the office of the Mercury, controlled by the powerful Rhett family, among the most fiery of the Southern leaders. Exchanges still came there from the northern cities, but he read little in them about preparations for war.
My name "Bank," which signifies "bench" or "high seat," I derived from Italian forefathers, who, in early days, carried on their business in the public places or exchanges on benches.
It was Frigga who had argued the tribe into caring for a man they believed almost dead when they found him, and who nursed Ross back to life with knowledge acquired through half a hundred exchanges between those wise women who were the doctors and priestesses of these roaming peoples.
I grant these are but sorry exchanges for such a splendid mansion as this fine furniture, excellent cooking, polished society, and the interest one feels for what is going on in our own country, which is daily communicated to us.
By the madness of war and the preparation for war, we lay low that which prevents unemployment. We are always preventing instead of encouraging exchanges, the essential sources of wealth. Yet we wonder that we remain poor. But the policy of Free Exchange, he went on, must not be regarded merely as a kind of alternative to Socialism.
It excludes competition, and thereby invites the investment of capital in manufactures to such excess that when changed it brings distress, bankruptcy, and ruin upon all who have been misled by its faithless protection. What the manufacturer wants is uniformity and permanency, that he may feel a confidence that he is not to be ruined by sudden exchanges.
Accordingly, Mr. Goschen recommended that the Bank of England should, as a rule, raise their rate by steps of 1 per cent at a time when the object of the rise was to affect the 'foreign Exchanges. And the Bank of England, from 1860 onward, have acted upon that principle.
Coal dug in Belgium by Belgian miners is a distinct asset for Germany, when she exchanges it for Swiss cattle, Dutch cheese, and Swedish wood.
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