The Elements of the Science of Money: Founded on Principles of the Law of Nature |
Other editions - View all
The Elements of the Science of Money: Founded on Principles of the Law of Nature John Prince Smith No preview available - 2015 |
Common terms and phrases
actual alteration amount Amsterdam appears balance of trade bank of England bankers bills of exchange Cadiz cash cent CHAP circulation coinage commerce commodities common measure considered convertibility corn course of exchange crease credit notes currency debased debt demand diminished discount dities duty dwts effect equal estimated exchequer expence exported foreign fraud funds given gold and silver gold coins gold or silver grains guineas Hambro Hamburgh increase of money interest issue James Stewart king labour land less loan London Lord Liverpool means measure of value medium ment merchants millions modities monies nation necessary nominal value ounce paid paper money payment persons pound note pound sterling precious metals price of bullion principle produce profit proportion purchase quantity of money real money receive reign remit rency rent shillings specie stamp standard taxes thing tion usury value of money wealth weight
Popular passages
Page 152 - Committee appointed to examine and consider what regulations and checks have been established in order to control the several Branches of the Public Expenditure in Great Britain and Ireland, and how far the same have been effectual, and what further measures can be adopted for reducing any part of the said Expenditure, or diminishing the amount of Salaries and Emoluments, without detriment to the Public Service, 1807-12 (13 reports).
Page 389 - A consideration that did not happen to present itself to that great philosopher, but which had it happened to present itself, might not have been altogether unworthy of his notice, is, that though a daric would not beget another daric, any more than it would a ram, or an ewe, yet for a daric which a man borrowed, he might get a ram and a couple of ewes, and that the ewes, were the ram left with them a certain time, would probably not be barren. That then, at the end of the year, he would find himself...
Page 118 - Anno 3. A Famous Act. The next Year following, having perfected it as it after stood; she tells her People by another Edict, that she had conquered now that Monster that had so long devoured them, meaning the Variation of the Standard : And so long as that...
Page 161 - whole increase of the officers who actually transact the business, in the last eleven years, is only 137, whose annual expense may be from 18,449?. to 23,290?., the addition to the other permanent charges being probably about one-half or twothirds of that sum.
Page 389 - That this statute shall not be construed or expounded, to allow the practice of usury in point of religion or conscience.
Page 155 - A note holder, indeed, does not difi'er essentially from a person to whom a balance is due. Both are creditors of the bank, the one holding a note, which is the evidence of the debt due to him, the other having the evidence of an entry in the ledger of the bank.
Page 121 - Numero, after five Groats in the Ounce; which since that time, by the several Changes of the Standard is come to five Shillings, whereby the King hath lost two third parts of his just Revenue. In his Customs, the Book of Rates being regulated by Pounds and Shillings, his Majesty must lose alike ; and so in all and whatsoever Monies that after this he shall receive. The profit by this Change in Coinage, cannot be much nor manent. In the other the loss lasting, and so large, that it reacheth to little...
Page 155 - ... the Ledger of the Bank. The sum at all times running at interest, will be in exact proportion to the amount of these three funds combined, deduction being made for the value of Cash and Bullion.
Page 134 - Sir Matthew Hale observes," says Lord Liverpool, " that it is neither safe nor honourable for the King to imbase his coin below sterling; if it be at any time done, it is fit to be done by the assent of Parliament: and he concludes, that on such occasions 'fieri non debitit, factum valet.
Page 160 - that the number of " clerks employed in the Bank, exclusively or principally in the public " business was, " In 1786 243 " 1796 313 " 1807 450 " whose salaries, it is presumed, may be calculated at an average...