Word: less
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Dates: during 1890-1899
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...metals in some mutaual relation to each other. In addition to this, however, it has come to be understood that the two metals concerned are gold and silver; and that this mutual relation is in, or through their use as money. Within these limits bimetallism may mean more or less. It means either the system of national bimetallism with free coinage of both metals at the legal ratio; or else, and this more properly, the system of international bimetallism, with a free coinage of the metals at a ratio common to the contracting nations. The term would also embrace...
...this, however, contributes little towards understanding the nature and uses of money; still less towards comprehending the relations between gold and silver in the performance of that function. Until more is known about the cave of Machpelah than history has banded down, the statement that Abraham paid four hundred shekels for it throws but a faint light on the purchasing power of money in his time; while the proud boast that King Solomon "made silver to be in Jerusalem as stones," though enough to make Senators Jones and Stewart rank infidels, does not even suggest a ratio...
...question will require more time: How was such a production of the precious metals economically possible under the law controlling the value of money? That law is: The more freely gold, say, in any given interval of time, is produced, and the longer that production is carried on, the less, other things being equal, becomes the motive to continued production on the same scale. The new metal going into circulation drowns the mines, or all but the mines. Such is the economic condition under which the production of the precious metals is carried on. In the early ages the production...
Professor Cook, of the English Department, has called attention to our disproportionately small use of the library. In his opinion, far too little use is made of the library, and there is far too little library to make use of; but the university is much less open to this charge than it was two years...
...vague idea of what is offered by the French faculties of science may be gathered by considering that in mathematics and chemistry France leads the world at present. Hardly less can be said for her in many other branches. As concerns material equipment the department of natural history in Paris alone represents an item of over 100,000,000fr. A similar extension will probably be made in the case of letters...