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Updated: May 27, 2025
The price soon became four to five for a shilling in cash, though the Turks wanted five times that number for an equivalent sum in depreciated paper currency. The law of supply and demand obtained in this old world just as at home, and it became sufficient for a soldier to ask for an article to show he wanted it and would pay almost anything that was demanded.
"The stock of the road was depreciated and borne down on the Exchange until the road became insolvent. All my money was in the road, and when the crisis came I found myself stranded. The King of the Rail Road Trust, Jacob L. Vosbeck, bought up the stock and then raised it to even a higher figure than it had ever before attained.
He spoke of the organ, and he depreciated the present instrument, and enlarged upon some technical details anent the latest modern improvements in keys and stops. They went up to the organ loft.
While increased in quantity, the blood appears on the whole to be somewhat depreciated in quality, though on this point there are considerable differences of opinion. Thus, as regards hæmoglobin, some investigators have found that the old idea as to the poverty of hæmoglobin in pregnancy is quite unfounded; a few have even found that the hæmoglobin is increased.
There was nothing shocking in all this venality to the bulk of the Johannesburg speculator class and others of that category. The rest assessed official morality at a depreciated value, but hoped the blemishes might be purged out with other and graver causes for discontent, if Uitlanders, were only granted some effective representation in public matters.
Among children, this evil seldom attracts notice; if one girl is praised for dancing or singing much better than her sister, and the sister taunted into further efforts by insulting comparisons, the poor mistaken parent little thinks that, in the pain she inflicts on the depreciated child, she is implanting a perennial root of danger and sorrow.
But the change in the character of the circulation from a nominal and apparently real value in the first stage of its existence to an obviously depreciated value in its second, so that it no longer answered the purposes of exchange or barter, and its ultimate substitution by a sound metallic and paper circulation combined, has been attended by diminished importations and a consequent falling off in the revenue.
They had a special fondness for apple-dumplings, and approved of the size of each, calculating that there would be enough for all, no matter how insatiable the appetites. They took their forks in hand as a warrior would his spear, and the landlady had the gratification of seeing that city delicacies had not depreciated her humble country food in the opinion of the three.
Although it might be premature upon an experience of such limited duration to form a definite opinion in regard to the extent of its influences in correcting many evils under which the Federal Government and the country have hitherto suffered, especially those that have grown out of banking expansions, a depreciated currency, and official defalcations, yet it is but right to say that nothing has occurred in the practical operation of the system to weaken in the slightest degree, but much to strengthen, the confident anticipations of its friends.
Hawkins, the curator of the coins in the British Museum, shewed me this Irish silver money; and agreed with me in believing that Bunyan alludes to these Irish sixpences, placing them in company with cracked groats, depreciated in value. Mr. Hawkins was not aware that they had been in common circulation in England. Ed. 'Common or public, belonging equally to many.
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