Colonial Currency Reprints, 1682-1751; With an Introduction and Notes Volume 1

Colonial Currency Reprints, 1682-1751; With an Introduction and Notes Volume 1

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This historic book may have numerous typos and missing text. Purchasers can download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1910 edition. Excerpt: ...of Manufactures, &c. (which Countreys where they this Bank proposes) the Products of such Countrey for Exportation shall come to Balance or Exceed the value of it's Importations; 27 which afterwards will necessitate the bringing in of Moneys, as fast as the want thereof hath carried it away. For, the true ground of the Plenty or Scarcity of Moneys in any Countrey, is not the high or low Value of the Money (as some erroneously conceive) but, that the Value of Goods Imported from other parts hath been greater than of the Export. The Balance whereof must necessarily be answer'd with Moneys, & for the same Reason, Revers'd, the Export of Goods when bro't to exceed the value of the Import, must, as necessarily bring it back again to such proportion as the Export can be raised. And whatsoever other means may be suggested for furnishing of Moneys, must be fruitless, for, there will abide no more than such proportion; let what Value will be put on Moneys above the Currant Price thereof in other Countrys with whom they shall Trade; which may be further Evidenced, if this hint thereof be not sufficiently intelligible. To which may be added, That the less need there is of Moneys in Specie, by reason of such Currant Credit, the more will be the increase of Money it self; as is manifest in Holland, Venice, & all Places where Bank-credit supplies the defect of those species; least, the Money that remains in such Countreys, will be at greater liberty for such petty occasions as cannot be so well accommodated by Bills. In Order therefore, & as Praevious to the Entring upon such an Affair, 'tis requisite that other Queries be Propounded and Resolved, viz. Q. 4. How shall it come to be known whether a sufficient number of Persons, of all Ranks, ...show more

Product details

  • Paperback | 132 pages
  • 189 x 246 x 7mm | 249g
  • Rarebooksclub.com
  • Miami Fl, United States
  • English
  • black & white illustrations
  • 1236535308
  • 9781236535306