Excerpt from A Proposal for a System of International Money: A Paper Read Before the Economic Section of the British Association at Ipswich, 13th September 1895 Under the then existing and ill-understood bi metallic system, however, this practice of leaving the mint open to the individual brought with it disaster. A trade in coins or money was carried on under it, the cheaper coins being used to buy up the dearer, the dearer being then exported and exchanged for the cheaper abroad With the profit of the difference made, and the cheaper then re imported, sent to the mint, coined into the money of the realm, and again brought to bear on the dearer; and so on in an endless vicious circle. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.