The Engineering Magazine, Vol. 6: Devoted to Industrial Progress; October 1893, to March 1894 (Classic Reprint) - Softcover

Ferree, Barr

 
9780282516949: The Engineering Magazine, Vol. 6: Devoted to Industrial Progress; October 1893, to March 1894 (Classic Reprint)

Inhaltsangabe

Excerpt from The Engineering Magazine, Vol. 6: Devoted to Industrial Progress; October 1893, to March 1894

For illustration, follow for a moment the movement of a single staple crop. How could that be best carried from harvest to market? Those who take it from the ground have in hand the Vital thing that the world requires. At the very start, the producers desire to subdivide it in such manner that it will itself furnish means to pay for the labor and expenses of gathering the harvest. This they should be able to do by pledging the crop to responsible persons competent to accept it, who could immediately issue against it, at the place of departure, an approximate amount of circulating notes, evidences of possession, with means of redemption. These would be local currency, receivable throughout that community, at their money's worth, for such other things as the holder and laborers found necessary to purchase. The crop would then be transported toward the sea, either for consumption or for te-shipment, by means of larger bills of exchange, and the proceeds of It carried back, either in money or in other commodities, to the place of departure. These would there be distributed through the ordinary avenues of local trade, and be paid for in the currency first issued, which mean while would have served its purpose for local expenditures and been returned to its issuers for payment.

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9780484512787: The Engineering Magazine, Vol. 6: Devoted to Industrial Progress; October 1893, to March 1894 (Classic Reprint)

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ISBN 10:  0484512781 ISBN 13:  9780484512787
Verlag: FB&C LTD, 2018
Hardcover