A Discourse Concerning the Currencies of the British Plantations in America, Especially with Regard to Their Paper Money: More Particularly, in Relation to the Province of the Massachusetts-Bay, in New England (Classic Reprint)
A Discourse Concerning the Currencies of the British Plantations in America, Especially with Regard to Their Paper Money: More Particularly, in Relation to the Province of the Massachusetts-Bay, in New England (Classic Reprint)
Excerpt from A Discourse Concerning the Currencies of the British Plantations in America, Especially With Regard to Their Paper Money: More Particularly, in Relation to the Province of the Massachusetts-Bay, in New England All Commerce naturally is a truck-trade, exchanging Commodities which we can fpare (or their value) for Goods we are in want of. Silver it/'elf is a Merchandize, and being the leafi varia ble of all others, is by general Confent made the Medium of Trade. If a Country can be fuppof ed to have no Dealings ...
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Excerpt from A Discourse Concerning the Currencies of the British Plantations in America, Especially With Regard to Their Paper Money: More Particularly, in Relation to the Province of the Massachusetts-Bay, in New England All Commerce naturally is a truck-trade, exchanging Commodities which we can fpare (or their value) for Goods we are in want of. Silver it/'elf is a Merchandize, and being the leafi varia ble of all others, is by general Confent made the Medium of Trade. If a Country can be fuppof ed to have no Dealings but within itfelf, the Legiflature or tacit'confent of the People may appoint or receive any Currency at Pleafure but a. Trading Country mull have regard to the univerfal commercial Medium, which is Silver, or cheat, and trade to a Difadvantage: It is true, that in fome Countries of Europe Billon (a bafe mixture of Metals) is ufed for fmall Change, but nor as a Medium of Trade. Every Country or Society have their own pe culiar Regulations, which may be called their Municipal, or by-laws in Trade: but the uni verfal trading Part of the World, as one tacit Confederacy, have fallen into fome generalrules, which by Cufiom of Merchants are become as Fundamental: One of thefe is a Silver Medium of Trade, that all Contra???ts (specialties excepted) are underf'tood to be payable in this Medium be ing always of the fame fixed Value, or, eafily adjuf'ted by the Par, and accidental fmall Diffe rences of Exchange from one Country to another. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at ... This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.
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