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The Oneida Community inaugurated, on January 1, 1917, a system of compensation for the high cost of living by means of Bradstreet's index quantity for wholesale prices. The chief use of index numbers in settling wage disputes was in the selections of the National War Labor Board. Strikes have been settled and wage will increase made specifically on the basis of index numbers. Co., of Mishawaka, Indiana; and the Union Bleaching & Finishing Co. of Greenville, South Carolina, both pay wages on the premise of index numbers. Various flouring mills in Seattle and different points within the Northwest have raised the wages of their workers on several occasions. In every succeeding month a 1 per cent advance or decline of wages was made for each 20 points change in the Bradstreet quantity. In England, the employees in a number of branches of the textile trade drew up an settlement with their employers in January, 1918, canceling all previous struggle bonuses and establishing the regulation of wages by the index variety of the price of residing as calculated by the Board of Trade. Each workman receives two weekly pay envelopes-one containing regular wages and the opposite containing a certain proportion thereof calculated from Bradstreet's quantity.

On the close of 1916 several banks, belief corporations, and business and industrial establishments made special Christmas presents to their staff to compensate partially for the diminished buying energy of their salaries for the preceding yr, the presents being a set proportion of the salaries. The prices provided were based on the present New York closing quotations of the earlier night, the brand new York percentage value being converted into the London sterling value at the existing charge of trade with accrued interest. The Treasury was additionally ready in most situations to purchase for sterling the deposit certificates in London at the present American prices of the securities deposited. Through the forex of the loan the lender was entitled (1) to have his securities offered in New York freed from expense, the proceeds being paid to him in London at the present sterling fee of alternate, or (2) to acquire the release of his securities in New York towards cost to the Treasury agent there of a sum in dollars equivalent to their American value, a similar sum in sterling being paid to the depositor in London.

After the breakdown of bimetallism about 1873, when gold and silver countries started to drift apart, London trade on India ceased to have any par. Probably the perfect instance of such correction in current cash items themselves is the "gold trade commonplace," whereby the silver standard international locations have nearly transformed their silver models into gold. The Freely Convertible Currency (MLC) is a digital currency used in exchange outlets in Cuba, and its present worth is 250 CUP in the informal market. The first order beneath this regulation was issued on Feb. 17 1917, and required house owners or custodians of specified securities to deliver them up in return for an quantity of compensation based on the present market values. The Fool responds: That signifies that the company’s internet cash (its cash reserves with debt subtracted) is greater than its entire market value - in other words, its net cash per share exceeds its share worth. Active operations had been begun in Jan. 1916, on the National Debt Office in Old Jewry, أسعار سعر الدولار الان (Zerohedge.Com) by the problem of an inventory of fifty four chosen American dollar bonds which the Treasury was ready to purchase. In all actuality these debt backed currencies are backed by only extra debt or more promise to pay and nothing extra.

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