The Universal Merchant, in Theory and Practice: Improved and Enlarged

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F. and R. Bailey, 1797 - 426 pages
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Page 281 - But this high price keeps their gold at home in good plenty, and carries away the Spanish silver into all Europe : so that at home they make their payments in gold, and will not pay in silver without a premium ; upon the coming in of a Plate fleet the premium ceases, or is but small ; but, as their silver goes away and becomes scarce, the premium increases, and is most commonly...
Page 288 - If things be let alone till silver money be a little scarcer, the gold will fall of itself; for people are already backward to give silver for gold, and will, in a little time, refuse to make payments in silver without a premium, as they do in Spain; and this premium will be an abatement in the value of the gold ; and so the question is, Whether gold shall be lowered by the government, or let alone till it falls of itself, by the want of silver money.
Page 33 - ... and once in every three years, the directors shall lay before the stockholders, at a general meeting, for their information, an exact and particular statement of the debts, which shall have remained unpaid after the expiration of the original credit, for a period of treble the term of that credit; and of the surplus of profit, if any, after deducting losses and dividends.
Page 280 - ... allay, is cut into 62 shillings ; and, according to this rate, a pound weight of fine gold is worth 15 pounds weight 6 ounces 17 pennyweights and 5 grains of fine silver, reckoning a guinea at £1 Is. 6d. in silver money ; but silver, in bullion, exportable, is usually worth 2d.
Page 286 - England for 5*. and at this price began to flow in upon us: I gave notice thereof to the lords commissioners of the treasury ; and they ordered the collectors of taxes to forbear taking them ; and thereby put a stop to the mischief. '•At the same time, the lewidors of France, which were worth but seventeen shillings and three farthings apiece, passed in England at 17».
Page 286 - England for 5s., and at this price began to flow in upon us. I gave notice thereof to the Lords Commissioners of the Treasury ; and they ordered the collectors of taxes to forbear taking them, and thereby put a stop to the mischief. "At the same time, the louis-d'ors of France, which were worth but 1 7s.
Page 286 - ... sufficed at that time to bring into England so great a quantity of French money, and the advantage of three farthings in a lewidor to bring it to the mint, the advantage of Ы.
Page 288 - ... money. It may be said that there are great quantities of Silver in plate, and if the plate were coined there would be no want of Silver money: But I reckon that silver is safer from exportation in the form of plate than in the form of money, because of the greater value of the...
Page 13 - Congress fro 2d do. 3d do. 4th do. 5th do. 6th do. 7th do. 8th do. 9th do. 10th do. llth do. 12th do. 13th do. 14th do. 15th do.
Page 288 - Government, or let alone till it falls of itself, by the want of Silver money. It may be said that there are great quantities of Silver in plate, and if the plate were coined there would be no want of Silver money: But I reckon that...

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