"Negotiability" Quotes from Famous Books
... and gains in certain isolated directions, the extra burden is felt in all directions of commerce and industry. And that extra burden is visible through finance—the increased cost of money, the scarcity of capital, the lower negotiability of securities, the greater uncertainty concerning the future. It is by means of the financial reaction that America, as a whole, has felt the adverse effects of this war. There is not a considerable village, much less a considerable city, not a ... — New York Times Current History: The European War, Vol 2, No. 1, April, 1915 - April-September, 1915 • Various |