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adopted alloy amount arise average balance Bank of England bank-notes bankers barter become bills Boulton and Watt Branch Bank bronze bullion cash cent centimes Chapter cheque and clearing Cheque Bank circulation Clearing House clearing system coinage commodities convenient copper debt decimal demand deposit depreciated dollar double standard employed English exactly exist foreign France French German gold and silver gold coins grains grams Gresham's Law inconveniences inconvertible interest issued kind legal tender less London London Clearing House loss Manchester measure of value medium of exchange ment merchants metallic currency metallic money metallic value method money of account nations paid paper currency paper money payment pence penny person pound pound sterling principal profit quantity ratio receive representative money reserve seignorage shilling silver coin sovereign standard of value tion token coins token money trade transactions unit of value weight Wolowski
Page 236 - We have suffered more from this cause than from any other cause or calamity. It has killed more men, pervaded and corrupted the choicest interests of our country more, and done more injustice than even the arms and artifices of our enemies.
Page ii - XI. Animal Mechanism. A Treatise on Terrestrial and Aerial Locomotion. By Professor EJ Marey. With 117 Illustrations.
Page 77 - ... according to the coins which are current and legal tender in pursuance, of this Act, and not otherwise, unless the same be made, executed, entered into, done or had according to the currency of some British possession or some foreign state.
Page 88 - Abraham weighed to Ephron four hundred shekels of silver, current money with the merchant...
Page 199 - And of that money, is som of gretter prys, and som of lasse prys, aftre the dyversitee of his Statutes. And whan that Money hathe ronne so longe that it begynnethe to waste, than men beren it to the Emperoure's Tresorye; and than thei taken newe money for the olde. And that Money gothe thorghe out alle the contree, and thorghe out alle his Provynces. For there and beyonde hem, thei make no Money nouther of Gold nor of Sylver. And therefore he may despende ynow, and outrageously.
Page 327 - ... area, and maintains both metals more unchanged in value than they would otherwise be. Can we not conceive a multiple legal tender, which would be still less liable to variation ? We estimate the value of one hundred pounds by the quantities of corn, beef, potatoes, coal, timber, iron, tea, coffee, beer, and other principal commodities, which it will purchase from time to time. Might we not invent a legal tender note which should be convertible, not into any one single commodity, but into an aggregate...
Page 56 - Being employed to signify possession, or to ratify contracts, they came to indicate authority. When a ruler first undertook to certify the weights of pieces of metal, he naturally employed his seal to make the fact known, just as, at Goldsmith's Hall, a small punch was used to certify the fineness of plate.
Page 3 - French troc, and distinguish it from sale and purchase in which one of the articles exchanged is intended to be held only for a short time, until it is parted with in a second act of exchange. The object which thus temporarily intervenes in sale and purchase is money.