Money and Trade Considered on Superphysics

Banking: The different Measurs Done to Preserve and Increase Money

Sat, 19 Apr 2025 00:00:00 +0000

The Measures have been used to preserve and Increase Money, have in some Countries been opposite to what has been used in others: And opposite Measures have been us’d in the same Countries, without any differing Circumstances to occasion them.

Banking: The different Measurs Done to Preserve and Increase Money

Sat, 19 Apr 2025 00:00:00 +0000

The Several Measures now propos’d, consider’d. As, raising or allaying the Money. Coyning the Plate. Regulating the Ballance of Trade. Or, Re-establishing the Bank.

When I use the Words, Raising the Money, I desire to be understood raising it in the Denomination; For I do not suppose it adds to the Value.

How far Trade depends on Money

Sat, 19 Apr 2025 00:00:00 +0000

Trade is either Domestic, or Foreign.

Domestic Trade is the Imployment of the People, and the Exchange of Goods within the Country.

How Goods are valued. Barter, Silver

Sat, 19 Apr 2025 00:00:00 +0000

There are several Proposals offer’d to Remedy the Nation’s great Scarcity of Money.

Increasing the Silver Money or Establishing a Credit of Silver Money are ineffectual

Sat, 19 Apr 2025 00:00:00 +0000

Silver Money has fallen much from the Value it had. That Land is of greater Value. That Silver may lose the additional Value it received from being used as Money.

The Flaws of Silver Money

Sat, 19 Apr 2025 00:00:00 +0000

As the Quantity of Money has encreas’d since that time, much more than the Demand for it; and as the same Quantity of Silver has receive’d a higher Denomination, so of Consequence Money is of lesser value: A lesser Interest is given for it: A greater Quantity of it is given for the same Quantity of Goods, and the Land is worth more years purchase.

The proposal by Dr. H. C. examined

Sat, 19 Apr 2025 00:00:00 +0000

Several people think that the Dr’s proposal is not practicable.

The Proposal

Sat, 19 Apr 2025 00:00:00 +0000

To supply the nation with money, I propose that 40 commissioners be appointed by parliament, answerable to parliament for their administration, and the administration of the officers under them.

The nomination of these officers being left to the commissioners.

The Proposal Continued

Sat, 19 Apr 2025 00:00:00 +0000

It may be objected, that paper went because silver could be got for it when demanded, or at a certain time.

That was very reasonable, but would not be so in this case: the security pledg’d for that paper money, was silver. the security pledg’d for this paper money, is land. this money has no relation to gold or silver, more than to other goods. and it were more extravagant to say, I won’t take a 100 lib. of such paper money for the goods I sell, because I am not sure if 6 months hence it will buy me such a quantity of silver; for silver may grow dearer: as it would be to say now, I won’t take a 100 lib. in silver for the goods I sell; because I am not sure if 6 months[Pg 180] hence, it will buy me such a quantity of wine, for wine may grow dearer.

The low condition this country is reduced to, notwithstanding its natural advantages.

Sat, 19 Apr 2025 00:00:00 +0000

The natural advantages the Dutch have for trade, are, their situation at the mouths of the rivers of Germany, and being near the bulky trade.

Their natural disadvantages are, smallness of territory, barrenness of soil, producing little but what’s forc’d; want of mines; long winters; unwholsome air; marishy, so oblig’d to great expence for foundation to their buildings, in making and keeping up the high-ways, and in draining the country yearly; a dangerous coast; difficult entry to their rivers; the sea to defend against on one side, and powerful neighbours on the other; and heavy taxes, the consequence of these other disadvantages.