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A Letter, Containing Observations on Some the Effects of Our Paper Currency, and on the Means of Remedying Its Present, and Preventing Its Future Excess (Classic Reprint)

A Letter, Containing Observations on Some the Effects of Our Paper Currency, and on the Means of Remedying Its Present, and Preventing Its Future Excess (Classic Reprint)

137664851
1200 руб.
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Excerpt from A Letter, Containing Observations on Some the Effects of Our Paper Currency, and on the Means of Remedying Its Present, and Preventing Its Future Excess

For it is further to be observed, that the troubles which so long agitated the neighbouring country, and the calamitous in?uence they have had upon the affairs of the continent of Europe in general, must have occasioned the introduction of an abundance of gold and silver, in coin and other articles, by those who, seeking refuge from the. Storms of revolution and war, from the pillage of public and private pro perty, consigned every thing that was valuable, and, at the same time, portable, to the protection of this. Even the very captures which we have made, of rich vessels laden with bullion, must have contributed in no small degree to augment the stock of money, or what is capable of being used as such. But, above all, it should seem that the very long-continued prosperous state of our trade and commerce, must of itself have provided fresh and mighty means of circulation -that millions, and tens of millions must, from time to time, have been imported to settle the balance of our foreign trade. So decidedlyl4.

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