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It was also seen that what determined the plane of thought and action at any one time was the state of business measured by movements of wholesale and retail prices and employment and unemployment.
Now and again Wilson's own lips made curious grimaces, as if speaking to himself. Brown, the slender, pale-faced man, was outside in the hall, pacing to and fro. All was lost, including honor. And he was afraid to look at the ticker, afraid to hear the prices shouted, yet hoping for a miracle!
This vast mass of virgin soil they sold to speculators at nominal prices, sometimes receiving a horse or a gun for a thousand acres. The speculators of course knew that their titles were worthless, and made haste to dispose of different lots at very low prices to intending settlers.
Their value appears to have diminished from that time till the year 1769, when the two most valuable species in England were the Don Quevedo and the Valentinier, the former of which was worth two guineas and the latter two guineas and a half. These prices appear to have been the minimum. In the year 1800, a common price was fifteen guineas for a single bulb.
There were widows and orphans as much connected with the condemnation of prizes, as with the prices of condemned stock; and I do not see that fraud is any worse when carried on by scriveners and clerks with quills behind their ears, than when carried on by gentlemen wearing cocked hats, and carrying swords by their sides.
In the time of Tacitus, the relations of the maimed or murdered person, among the Germans, were obliged to accept of a compensation, and restrain the spirit of revenge. During the Anglosaxon period in England, laws were made to determine the various fines for murder, man-slaughter, wounds and other injuries, and prices were fixed on the heads of men according to their rank.
But cheap prices are the greatest of all evils, and to none more shall the consumers, if they are the result, not of the magnitude of domestic production, but of the magnitude of foreign importation.
The Serbs had a grudge against the Austrians, for the latter, taking advantage of the fact that all Serbian trade with Europe had to go through their country, had charged them exorbitant prices for manufactured goods and paid them very little for their own products in return. With this secret agreement between them, the four little states went to war with Turkey.
I heard how their fathers could not get home on the train, of the awful prices the people charged for clearing away the snow, of the way in which Jane and Adelaide had to get on without music lessons for nearly ten days, and of the scarcity of milk. No one who had seen and felt that irrepressible storm suffered from it as I did.
The evil cured itself, however, and, before the expiration of another year, prices were again at their previous level. The land was sufficiently cultivated to furnish the necessaries of life for a diminishing population, and the supply of labour was more than enough, for the languishing demand.
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