Tracts On Currency
Tracts On Currency
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106 value, for the statements both of Mr. Locke and of Mr. Lowndes, in the beginning of the year 1695, concur to make this indisputable, whilst the former, by celebrating the dexterity attained by those con- ^erned in this gainful and secret robbery shews, that when he wrote, the practice must have endured for some time.
Though the prevalence of this fraud, the laws remaining the same, makes it apparent, that some incident must have occurred peculiarly calculated to encourage the criminal pract...ice which in a few years became so universal; yet by historians as well as economical writers, the circumstance re- mains unaccounted for.
To those, however, who reflect that soon after the revolution, the expences of the war induced government to issue Tallies, which being struck for sums as low as five and ten pounds, circulated as Government Paper; and that these were gradu- ally forced on the public, till in the year 1694 they were at thirty per cent, discount, the occur- rence cannot appear extraordinary.
What to read after Tracts On Currency?
You can find similar books in the "Read Also" column, or choose other free books by W J William Joseph Deeley to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
106 value, for the statements both of Mr. Locke and of Mr. Lowndes, in the beginning of the year 1695, concur to make this indisputable, whilst the former, by celebrating the dexterity attained by those con- ^erned in this gainful and secret robbery shews, that when he wrote, the practice must have endured for some time.
Though the prevalence of this fraud, the laws remaining the same, makes it apparent, that some incident must have occurred peculiarly calculated to encourage the criminal pract...ice which in a few years became so universal; yet by historians as well as economical writers, the circumstance re- mains unaccounted for.
To those, however, who reflect that soon after the revolution, the expences of the war induced government to issue Tallies, which being struck for sums as low as five and ten pounds, circulated as Government Paper; and that these were gradu- ally forced on the public, till in the year 1694 they were at thirty per cent, discount, the occur- rence cannot appear extraordinary.
What to read after Tracts On Currency?
You can find similar books in the "Read Also" column, or choose other free books by W J William Joseph Deeley to read onlineMoreLess
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