Part II. Facts. Chapter VII. Introduction. § I. Objections 35 § 2. Existence of foresight in general 36 Chapter VIII. Gotd atid paper. § I. General evidence 38 ^ 2. United States currency and coin bonds 39 f 3. Extent of foresight in gold premium 41 ? 4. Dangers of preceding method 44 Chapter IX. Gotd and stiver. ? I. India "rupee paper" and gold bonds 46 I 2. Extent of foresight in Indian exchange 49 §3. Upper limit of gold borrower's loss in England . . . 51 ^ 4. Bearing of a rupee debt on Indian finance 52 Chapter X. Money and commodities. § I. Difficulties in comparing successive periods 54 I 2. Rate of interest as related to high and low prices . 54 § 3. Rate of interest as related to rising and falling prices in England 56 § 4. Rate of interest as related to rising and falling prices in Germany, France, and the United States .... 60 § 5. Rate of interest as related to rising and falling prices in silver standard countries 63 ^ 6. Measurement of foresight for short periods 66 I 7. Error of Jevons, Price, and others 67 ^ S. Measurement of foresight for long periods, in England 70 I 9. Lower limit of borrower's loss in England 71 § 10. Loss on contracts made before 1873, ^'^ England ... 73 §11. Measurement of foresight for long periods, in America, 74 § 12. Theory as to mode of adjusting rate of interest to price movements 75 I 13. Credit cycles 76 Part III. Applications. Chapter XI. The bimetallic controversy. §1. Magnitude of debtor's loss 80 § 2. Index numbers 81 ? 3. Bimetallism could not correct losses 82 § 4. Bimetallism would violate contracts 83 § 5. Fallacy that we can predict further losses 85 ^ 6. Bimetallism to secure stability in standard 86 Chapter XII. The theory of interest. i. "Real" and "nominal" interest, inadequate terms, 88