How Long to Read History of the Monetary Legislation

How Long Does it Take to Read History of the Monetary Legislation?

It takes the average reader 2 hours and 12 minutes to read History of the Monetary Legislation by Hon Robert E Preston

Assuming a reading speed of 250 words per minute. Learn more

Description

From the PREFACE. "WHEN the mariner has been tossed for many days in thick weather and on an unknown sea, he naturally avails himself of the first pause in the storm, the earliest glance of the sun, to take his latitude and ascertain how far the elements have driven him from his course." Not for a few days only, nor for a few months, nor even for a few years, but for twenty, have the monetary pilots of the United States, entrusted with the care of the ship of state, been tossed about upon the waters, by the jarring winds of false financial doctrines; yet so far from availing themselves of the pauses in the storm that have occasionally given them a glimpse of the sun and light to determine their bearings and position, and discover how far they had drifted or been driven from the course of the correct principles of currency legislation, they seem bent rather on steering clear of the right path and sailing, without chart or compass, one knows not whither, except that it must be through darkness to danger and, perhaps, disaster. One such glimpse they had after the clouds of the crisis of 1893 began to clear away. Others have come to them after the successive issues of bonds during the past two years, resulting in the borrowing of $250,000,000 to maintain a reserve of $100,000,000, which is ever oozing out of the Treasury, and which cannot be kept intact so long as the Treasury-draining tubes of the legal-tender notes and Treasury notes are not stopped up or destroyed-a reserve which must be replenished periodically to insure the parity with gold of our paper money amounting to over $800,000,000, and to avert the "circulating pest"* of a depreciated medium of exchange. But neither the light after the panic nor after the ever-recurring embarrassments of the Treasury, followed by repeated and heavy loans, in a time of profound peace, has sufficed to let them see that the panic was produced and the issues of bonds rendered necessary by the fact that they had been violating, for over twenty years, every law of coinage and finance, and that the proper preventative of such panics and bond issues in the future is to ascertain how far they have been driven from the true course of monetary principles-of the principles that have guided all other great commercial nations since 1871, and that had directed the monetary legislation of the United States for nearly ninety years -the monetary principles of the Fathers of the Republic, of Robert Morris, Thomas Jefferson, and Alexander Hamilton.

How long is History of the Monetary Legislation?

History of the Monetary Legislation by Hon Robert E Preston is 128 pages long, and a total of 33,024 words.

This makes it 43% the length of the average book. It also has 40% more words than the average book.

How Long Does it Take to Read History of the Monetary Legislation Aloud?

The average oral reading speed is 183 words per minute. This means it takes 3 hours to read History of the Monetary Legislation aloud.

What Reading Level is History of the Monetary Legislation?

History of the Monetary Legislation is suitable for students ages 10 and up.

Note that there may be other factors that effect this rating besides length that are not factored in on this page. This may include things like complex language or sensitive topics not suitable for students of certain ages.

When deciding what to show young students always use your best judgement and consult a professional.

Where Can I Buy History of the Monetary Legislation?

History of the Monetary Legislation by Hon Robert E Preston is sold by several retailers and bookshops. However, Read Time works with Amazon to provide an easier way to purchase books.

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