It is a common opinion that the Bank of North America rendered essential service during our revolutionary struggle that, without it, the achievement of independence would have been difficult, if not impossible. Assertions to this effect have been made with so...
An account taken from the books of merchants in Virginia shows that the depreciation there regularly fol!owed that in Philadelphia, though, towards the close, it sometimes Jagged a month or more behind. Thus, when exchange was at Philadelphia at 100 for...
The credit bills of Pennsylvania were so much better than those of the other Governments, that there was a demand for them throughout the country as bills of exchange: but it was not a fact that they never’ sunk below the...
In Pennsylvania, as well as in the other colonies, a considerable traffic was carried on by barter: and we recollect having read in the Minutes of Assembly, that, about the year 1700, a proposition was made to make domestic products a...
The first settlers of a country may be greatly in want of capital, but they do not need a great sum of money as a medium of domestic trade. A few exchanges of products for gold and silver coin, will regulate...
Making adjustments to positions goes hand in hand with risk management. In the previous chapter, we saw how to adjust a winning position based on changing circumstances. Sometimes, however, we are forced to adjust losing trades. This can mean exiting a...
During a bull market, the stock market is buzzing with activity. The investment public is actively buying and selling shares and trading volume increases. For example, in March 2000, technology stocks were on fire; on the NASDAQ Stock Market, average trading...
Our American Banks are not contented with the profits derived from lending the money of depositors to other people. As soon as the first instalmel1t of the capital is paid in, the Bank commences issuing notes. To those who come to...
TECHNICAL ANALYSIS This book is about technical analysis. Moreover, it is about one particular type of technical analysis. You will not see anything about earnings, or dividends or cash flows. Nowhere will we mention management or products or competition or sales....
It is not necessary for carrying on business honestly, to introduce gold or silver money into every transaction, After we have measured a scantling by a foot rule, we may use that scantling to measure another and that again to...
The “grave, enlightened, and patriotic Senators,” to whom Mr. White alludes, are those who, with Mr. Smith, at their head, made a report, in the year 1830, in which they represented certain kinds of Bank paper as being as good...
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