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Updated: June 24, 2025
In a country where money bears a high value, as proved by the fact that accounts are still reckoned in dinars, an imaginary coin, of which one thousand go to a silver kran and fifty to a copper shahi, the depreciation I have mentioned is a very serious affair, for it touches the mass of the people sorely.
To what could this depreciation, and to what could the late insurrection at Dominica, be imputed, which had been saved from horrid carnage and midnight-butchery only by the adventitious arrival of two British regiments?
The loss of the Ecalles, which was valued at two thousand francs per acre, caused him an annual depreciation of seventy, and he was sure to win in the courts. Their fortune was diminished. What were they to do? And soon the question would be, How were they to live? They both sat down to table full of discouragement. Marcel knew nothing about it in the kitchen.
The dinner, too, seems to have been as bad, for a bit of fish and a steak took one hour to get ready, with "a bottle of the worst possible port, at the highest possible price." Depreciation of a hostelry could not be more damaging. Again, Mr.
Of course, if the Government guaranteed the script, it was real money; otherwise, it was wildcat money, subject to fluctuation and depreciation. Very naturally, the Government refused to guarantee this script, or to invest in the co-operative stores. To make the script valuable, it had to be issued in the form of a note, redeemable in gold at a certain time.
Lady Frances was not in her way, and therefore was open to depreciation and dislike without wounds to her conscience; and then, though Hampstead was abominable because of his Republicanism, his implied treason, and blasphemy, yet he was entitled to some excuse as being a man. These things were abominable no doubt in him, but more pardonably abominable than they would be in a woman.
Nothing less than National will and power can mitigate its fall." Mr. Wallace of Pennsylvania charged that the opponents of the bill, were "taking a course for the abasement, depreciation and disuse of silver. The supporters of the bill favor both gold and silver." Mr.
In the first place, the vast expenditures of the war, the inflation of prices, and the depreciation of currency, leading up to a complete instability of the unit of value, have made us lose all sense of number and magnitude in matters of finance.
Many of these pioneers, so like the men and women of my earliest childhood that I always felt comforted by their presence in the house, were very much opposed to "foreigners," whom they held responsible for a depreciation of property and a general lowering of the tone of the neighborhood.
The conversion at par of 5,000 million marks overstates, by reason of the existing depreciation of the mark, the present money burden of the actual pensions payments, but not, in all probability, the real loss of national productivity as a result of the casualties suffered in the war.
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