Essays On Political Economy: in Which Are Illustrated the Principal Causes ...
Essays On Political Economy: in Which Are Illustrated the Principal Causes ...
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They may keep it unemployed, or even concealed at home; or they may send it to some other country, where it is considered to be more safe, provided that no excessive degree of risk at- tends the removal. The insecurity of property in possession of the owners has, on different occasions, led them to adopt various expedients for its safety, according to the state of society. During the con- tinuance of the feudal system, when every chieftain waged war from his own caprice, the insecurity of prope...rty led to the burying of money, and treasure trove formed no inconsiderable part of the revenue of the sovereigns of Europe.
At the commencement of the French revolution^ Digitized by Google 252 ON THE ORIGIN AND [eSSAY Till* it is well known that a very large amount of pro- perty was conveyed away from the place of sup- posed danger to other countries where wealth was considered more secure. To these remittances from one country to another, the modern institution of bills of exchange affords considerable ease and safety* Were a number of people in France de- sirous of placing property in London, and were the remittance of specie attended with uncommon risk, the exchange would advance according to the competition for bills, for the variable price is in French money.
What to read after Essays On Political Economy: in Which Are Illustrated the Principal Causes ...?
You can find similar books in the "Read Also" column, or choose other free books by G. Robertson to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
They may keep it unemployed, or even concealed at home; or they may send it to some other country, where it is considered to be more safe, provided that no excessive degree of risk at- tends the removal. The insecurity of property in possession of the owners has, on different occasions, led them to adopt various expedients for its safety, according to the state of society. During the con- tinuance of the feudal system, when every chieftain waged war from his own caprice, the insecurity of prope...rty led to the burying of money, and treasure trove formed no inconsiderable part of the revenue of the sovereigns of Europe.
At the commencement of the French revolution^ Digitized by Google 252 ON THE ORIGIN AND [eSSAY Till* it is well known that a very large amount of pro- perty was conveyed away from the place of sup- posed danger to other countries where wealth was considered more secure. To these remittances from one country to another, the modern institution of bills of exchange affords considerable ease and safety* Were a number of people in France de- sirous of placing property in London, and were the remittance of specie attended with uncommon risk, the exchange would advance according to the competition for bills, for the variable price is in French money.
What to read after Essays On Political Economy: in Which Are Illustrated the Principal Causes ...?
You can find similar books in the "Read Also" column, or choose other free books by G. Robertson to read onlineMoreLess
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