The ostentatious magnificence which had hitherto covered the body armour of the knight with silks and satins, velvet and bullion and gems, especially among the Burgundian French, was now in process of being transferred to the horse.
Under its provisions the owner of silver bullion could present any quantity of his commodity to the government to be coined under the conditions which controlled the coinage of gold.
This clause kept the amount to be absorbed at a uniform level, whereas the purchase of a fixed number of dollars' worth would have increased the coinage when the price of bullion fell.
A measure providing for the coinage of a portion of the silver bullion in the treasury had been defeated in 1894 only through the President's veto.
The bullion so obtained was to be coined into silver dollars, which were to be legal tender for all debts public and private.
For many years the value of the bullion necessary for coining a silver dollar had been greater than the value of the coin.
Paper against Gold; being an Examination of the Report of the Bullion Committee; in a Series of Letters to the Tradesmen and Farmers in and near Salisbury.
See how much more silver an ounce of gold will buy than in 1873, but the gold dollar remains the same, worth its face as bullion anywhere in the world.
The monometallists say that one metal or the other always has been and always will be the cheaper at any ratio; that if both be freely coined, the dearer will be more valuable as bullion than as money, and will therefore go out of use.
The coin we send abroad is onlybullion when it gets there, and most dealers prefer government bars.
With a quick twist, Forrest ripped off the tassled gold cord which distinguished it, smoothing out the loop of bullion between thumb and forefinger.
It was but a single step from the Bullion Theory to the Mercantile System.
Hence an ounce of bullion of the standard fineness destined for the smelting-pot of the artisan is worth within a very trifle as much as an ounce of coined money.
Bank is obliged to buy allbullion and foreign coins of the standard fineness offered to it at L3 17s.
Now, there is always a double advantage in these free movements of coin and bullion in exportation and importation.
At Jeanne's fourth visit, Madame de Bullion asked her if she could undertake the charge of a hospital which she had herself resolved to found in New France, when opportunity occurred.
Queylus with her idea of visiting Madame de Bullion for the additional funds and then to bring back the Hospitalières.
Madame deBullion received her with kindness and gave her a sum of money to engage workmen to till lands to support the hospital.
In the United States the cost of desilverizing a ton base bullionis about $6.
The base bullion is imperfectly Pattinsonized, giving lead rich in silver and bismuth, which is cupelled, and lead low in silver, and especially so in bismuth, which is further desilverized by the Parkes process.
The plus-silver is due to the fact that in assaying the base bullion by cupellation, the silver lost by volatilization and cupel-absorption is neglected.
In large works the silver-lead alloy is removed when it contains 60-80% silver, and the cupellation of the rich bullion from several concentration furnaces is finished in a second furnace.
Martin Pirry, Comptroller of the Mint, who brought over bullion collected in France and Flanders, had to stay seven days at Holyhead for fear of five great ships which he saw drifting about in the tideway.
No laws or proclamation could prevent the value of money from depending on the quantity of bullion it contained, and without money exchanges could not be made.
The truth is, and it is so palpable that it really seems to me to require no advocacy whatever, that the Government, as Sir Rutherford Alcock and Don Sinibaldo so strongly put it, does not like to see so much bullion leaving the country.
Since that date the balance of trade had been in the opposite direction, and bullion began to flow out of China.
The case has been supposed of a protectionist Paradise, in which goods only were exported and nothing but bullion received in return.
That theory was briefly, that wealth consists in the precious metals, and that for a country to remain wealthy, it is necessary to keep bullion from going out of the country.
There would be great exports of bullion and great imports of goods.
Protected interests would be ruined, and everything would be upside down, until the superfluous bullion would be worked off.
Finally, the susceptibility of gold and silver of being turned from coin into bullion, from bullion into articles of luxury and vice versa, i.
They appeared as immediate forerunners of the famous Report of the Bullion Committee of 1810, in which Ricardo’s views were adopted.
To sum up: the money in circulation is at its normal level, when its volume is determined by its ownbullion value, the exchange value of commodities being given.
Every coin, even if of full weight would pass in its mint form for less than in bullion form.
It may be stated as a general law that the conversion of gold and silver money into articles of luxury prevails in times of peace, while their reconversion into bullion or even coin takes place in stormy periods.
Further, “Reply to Mr. Bosanquet’s Practical Observations on the Report of the Bullion Committee.
For some years the subject attracted little attention, until the bullion committee of 1810 propounded a sounder theory.
During the ensuing month large imports of bullion arrived from the continent and America, and the aspect of affairs became more hopeful.
In England, as the coinage costs nothing, the current coin can never be much more valuable than the quantity of bullion which it actually contains.
As the reformation of the silver coin did not then reduce the price of silver bullion to the mint price, it is not very probable that a like reformation will do so now.
Secondly, In some countries the expense of coinage is defrayed by the government; in others, it is defrayed by the private people, who carry their bullion to the mint, and the government even derives some revenue from the coinage.
In the English mint, a pound weight of standard silver bullion is coined into sixty-two shillings, containing, in the same manner, a pound weight of standard silver.
In ordinary and quiet times, he can find no difficulty in getting one to buy at the market price, which generally corresponds with the price at which he can sell the coin or bullion it entitles him to take out of the bank.
When they import more bullion than is wanted, rather than incur the risk and trouble of exporting it again, they are sometimes willing to sell a part of it for something less than the ordinary or average price.
A person can generally sell his receipt for the difference between the mint price of bullionand the market price.
This permission of exporting, he said, rendered the demand for silver bullion greater than the demand for silver coin.
In Holland the market price of bullion is generally above the mint price, for the same reason that it was so in England before the late reformation of the gold coin.
The cost of conveyingbullion from one country to another forms the limit within which the rise and fall of the real exchange between them must be confined.
The imports and exports of bullion (uncoined gold) are the real test of exchange.
According to this statement, the Bank of England is now safe; and, accordingly, we see that she is acting upon the principle of having bullion enough, for she is shipping gold to the United States.
Such a bank, so situated and so aided, still deems it necessary to its safety to keep in hand always the one-third in bullion of the amount of its immediate liabilities.
And on my word it is small wonder, For in her spacious house, and under, Of bullion she hath boundless store, And scarcely can find room for more.
They also ascertained that a gold-refiner, Solomons, had sold bar gold to the value of £1,200 to certain bullion dealers.
There was an increase rather than an abatement in jewel and bullion robberies in the years immediately following, and the thieves seem to have had no difficulty in disposing of their spoil.
The bullion recovered in this process is very fine, while the zinc-precipitated bullion is only about 700 fine.