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Updated: May 19, 2025
I have often heard the Professor talk about hysterics as being Nature's cleverest illustration of the reciprocal convertibility of the two states of which these acts are the manifestations; But you may see it every day in children; and if you want to choke with stifled tears at sight of the transition, as it shows itself in older years, go and see Mr. Blake play JESSE RURAL.
Run upon the Bank, is obliged to pay in sixpences, and to block its doors, in order to gain time. Extensive failures and a monetary panic. The Bank maintains the convertibility of its notes for several years, at an annual expense of £850,000.
It was proposed to make them receivable everywhere and to establish at various points depositories of gold and silver to be held in trust for the redemption of such notes, so as to insure their convertibility into specie.
The beautiful experiments of Seebeck and Peltier show the convertibility of heat and electricity; and others by Oersted and myself show the convertibility of electricity and magnetism. But in no case, not even in those of the Gymnotus and Torpedo, is there a pure creation or a production of power without a corresponding exhaustion of something to supply it.
One of these experiments of paper money, however, begun under the most promising auspices, and on a professed basis of convertibility, was yet so stupendous and awful in its effects, that it has taken its place as a Pharos in History, and is never to be forgotten.
Prudhomme's newspaper poured contempt over gold as security for the currency, extolled real estate as the only true basis and was fervent in praise of the convertibility and self-adjusting features of the proposed scheme.
Rampant arbitrage ask anyone in Asia often leads to the need to impose exchange controls, thus eliminating convertibility and inducing panic. A uniform exchange rate policy is only one of the concessions members of a monetary union must make. Joining always means giving up independent monetary policy and, with it, a sizeable slice of national sovereignty.
Unquestionably the facts and experiments above mentioned show the very near affinity of hornblende and augite; but even the convertibility of one into the other, by melting and recrystallising, does not perhaps demonstrate their absolute identity. For there is often some portion of the materials in a crystal which are not in perfect chemical combination with the rest.
All things here are of a weird convertibility to the alien perception, and the richest and rarest facts of nature lavish themselves in humble association with the commonest and most familiar.
The question becomes one of fact in individual cases, and of degree. How far, then, does the principle of the convertibility, as it were, of practice and unconsciousness extend? Can any line be drawn beyond which it shall cease to operate? If not, may it not have operated and be operating to a vast and hitherto unsuspected extent? This is all, and certainly it is sufficiently simple.
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