One of the earliest monuments records the purchase by a king of a large estate for his son, paying a fair market price and adding a handsome honorarium to the many owners in costly garments, plate, and precious articles of furniture.
Holden developed the use of liquid fuel on the Great Eastern railway to a point beyond the experimental stage, and used it instead of coal with the engines running the heavy express traffic of the line, its continued use depending merely upon the relative market price of coal and oil.
Then in 1763 was delivered his speech in "The Parson's Cause" - a suit brought by a clergyman, Rev. James Maury, in the Hanover County Court, to secure restitution for money considered by him to be due on account of his salary (16,000 pounds of tobacco by law) having been paid in money calculated at a rate less than the current market price of tobacco.
These facts indicate that we have here an agricultural product the market price of which is still far below its value as compared, on the basis of its chemical composition, either with other feeding stuffs or with other fertilizers.
The local market price will form the basis of the indemnity for the live stock and implements to be expropriated.