| |
Unique Home Furniture, Home Decorating and Home Decoration Store
Money To Operate: GRESHAM'S LAW, gresh'amz, in economics, is usually stated as "bad money drives out good." The law stems from the fact that money has a value both as money and as a commodity in the open market. The former value is set arbitrarily by law and is relatively fixed; the latter is determined by supply and demand and varies from time to time, "Good money" has a higher value as a commodity than as money and will disappear from circulation.
The serious check which this industry received during the Civil War was not forgotten upon the declaration of peace. Lands there were in plenty, but there was no money to operate them, and it was not until incidental protection was derived from the tariff that any vigorous attempt was made to rehabilitate the old plantations. Since that time the greatest advancement has been made in Louisiana, and, during more recent years, in Texas.
He contracted with the colonial government in 1898 to operate all the railways of th< island for 50 years, maintaining them in a safe and efficient manner, on condition that the railways should become his property at the end ol that period. He was to obtain also 4,500,OOC acres of land concessions additional and the government land telegraph lines. On his part he contracted also to build and operate seven steamers transporting passengers and goods at various points in the island; to buy ana operate the Saint John's dry-dock; to build and operate an electric street railway in Saint John's; to pave a specified portion of Saint John's; and to pay $1,000,000 within one year from the date of the signing of the contract.
|
|
|
 |
Child-Education-Usa.com |
|
 |
 |
|
Menu |
|
|
| |
| |
|
|
| |
|
