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A Treatise on Capital, Money, and Riches

A Treatise on Capital, Money, and Riches

Paperback

Fiction AnthologiesGeneral World History

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ISBN10: 1150537493
ISBN13: 9781150537493
Publisher: General Books
Pages: 82
Weight: 0.36
Height: 0.17 Width: 7.44 Depth: 9.69
Language: English
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.1872 Excerpt: ... CHAPTER III. MONEY. Its introduction.--Adam Smith.--Standard of value.--The Mint.--Bills of Exchange.--The Bank guaranteeing, Bills.--Coins.--Bill of Exchange in Japan.--Labour determines cost.--Times.--Standard of measurement.--Gold at the diggings.--Money of William the Conqueror.--The Almighty dollar.--Jno. Locke on the alteration of the value of silver.--Sir Isaac Newton.--Goschen.--Bullion Committee of 1810.--Mr. Vansittart.--Report of Committee on Bank Acts.--Mr. Drummond.--Resumption of specie payments.--King's speech.--Mr. Huskisson.--Sir R. Peel.--Notes payable in gold.--Suspension of specie payments in France and America.--Deposits in Banks--Lawson on bills of Exchange.--Dock Banks.--How a nation is impoverished.--Issue of notes.--Rates of discount.--Panic of 1825.--Cunning men.--Committee on Bank Acts report on a Crisis.--Coleman and Ball. Fortunes made and lost.--Distress in 1S11.--Working classes and Legislation.--Napoleon conquering England.--Nebuchadnezzar.--Liberality of the working classes. Money is not a gift of Providence, but was introduced by man when in a rude state. Yet in this enlightened age, as it is called, no one can determine what it is or if it be a substance or a shadow; neither do persons seek to inform themselves, but take the definition furnished by others. Modern writers on the subject, in lieu of giving us any information of how, or for what object money was introduced, proceed to a consideration of it as now existing, taking their views of what it is from Adam Smith's Wealth of Nations, in which work he describes money as oxen in Greece, salt in Abyssinia, shells in India, dried codfish in Newfoundland, tobacco in Virginia, sugar in the West Indies, hides in some other countries, and nails in some parts of Scotland, c...

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