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actual adjustment agency amount balances bank credits Bank of England Bank of Venice bank-notes bankers bills of exchange books of account Britain British coinage cent century circulation coinage coins or bullion commerce commercial paper commodities correspond credit system creditors customers debasement debtors demand denominations deposits depreciation discounted dollar domestic effect employed equal equivalent evil exported expressed extent facility fact fluctuations foreign France fund Genoa gold and silver gold or silver holders issued legal tender less measure medium of exchange ment merchants minds mischief mode of payment money of account mutual NOTES TO CHAPTER operation paid paper currency parties payable pound sterling pound unit precious metals price of gold promissory notes proportion purchase quantity of gold received Scotland securities shillings and pence silver coins sovereign Spanish dollars specie standard tion transactions transfer weight whole
Page 395 - Board, that it is indispensably necessary for the public service, that the Directors of the Bank of England should forbear issuing any cash in payment, until the sense of Parliament can be taken on that subject...
Page 550 - It thus appears, by the clearest evidence, that quantity of labour, in the last resort, determines the proportion in which commodities exchange for one another."6 Some intimation has already been given of McCulloch's anxiety.6 The discussion on value in Ricardo's Notes on Malthus...
Page 553 - The quantity of labour which any particular quantity of them can purchase or command, or the quantity of other goods which it will exchange for, depends always upon the fertility or barrenness of the mines which happen to be known about the time when such exchanges are made.
Page 554 - Between 1630 and 1640, or about 1636, the effect of the discovery of the mines of America in reducing the value of silver appears to have been completed...
Page 605 - ... all receivers of public moneys at the several land offices, all postmasters, and all public officers of whatsoever character, be and they are hereby required...
Page 149 - Dollars, or units ; each to be of the value of a Spanish milled dollar, as the same is now current, and to contain three hundred and seventy-one grains and four-sixteenth parts of a grain of pure, or four hundred and sixteen grains of standard, silver.
Page 64 - Money, as has been said, is an ideal scale of equal parts. If it be demanded what ought to be the standard value of one part, I answer by putting another question: What is the standard length of a degree, a minute, or a second ? None ; and there is no necessity of any other than what, by convention, mankind think fit to give.
Page 65 - Whether power to command the industry of others be not real wealth ? And whether money be not in truth, tickets or tokens for conveying and recording such power, and whether it be of great consequence what materials the tickets are made of?