A Select Collection of Scarce and Valuable Tracts on Money [1856]
Total Page:16
File Type:pdf, Size:1020Kb
The Online Library of Liberty A Project Of Liberty Fund, Inc. John Ramsay McCulloch, A Select Collection of Scarce and Valuable Tracts on Money [1856] The Online Library Of Liberty This E-Book (PDF format) is published by Liberty Fund, Inc., a private, non-profit, educational foundation established in 1960 to encourage study of the ideal of a society of free and responsible individuals. 2010 was the 50th anniversary year of the founding of Liberty Fund. It is part of the Online Library of Liberty web site http://oll.libertyfund.org, which was established in 2004 in order to further the educational goals of Liberty Fund, Inc. To find out more about the author or title, to use the site's powerful search engine, to see other titles in other formats (HTML, facsimile PDF), or to make use of the hundreds of essays, educational aids, and study guides, please visit the OLL web site. This title is also part of the Portable Library of Liberty DVD which contains over 1,000 books and quotes about liberty and power, and is available free of charge upon request. The cuneiform inscription that appears in the logo and serves as a design element in all Liberty Fund books and web sites is the earliest-known written appearance of the word “freedom” (amagi), or “liberty.” It is taken from a clay document written about 2300 B.C. in the Sumerian city-state of Lagash, in present day Iraq. To find out more about Liberty Fund, Inc., or the Online Library of Liberty Project, please contact the Director at [email protected]. LIBERTY FUND, INC. 8335 Allison Pointe Trail, Suite 300 Indianapolis, Indiana 46250-1684 Online Library of Liberty: A Select Collection of Scarce and Valuable Tracts on Money Edition Used: A Select Collection of Scarce and Valuable Tracts on Money from the Originals of Vaughan, Cotton, Petty, Lowndes, Newton, Prior, Harris, and Others, with a Preface, Notes, and Index (London: Printed for the Political Economy Club, 1856). Editor: John Ramsay McCulloch Author: Henry Rice Vaughan Author: Sir Robert Cotton Author: Sir William Petty Author: Sir Isaac Newton Author: Matthew Raper About This Title: The second of two important collections of early economics works made by McCulloch. This volume deals with coins and coinage, the export of gold and silver, and the history of coinage in Scotland, Ireland, England, and ancient Greece and Rome. PLL v6.0 (generated September, 2011) 2 http://oll.libertyfund.org/title/2060 Online Library of Liberty: A Select Collection of Scarce and Valuable Tracts on Money About Liberty Fund: Liberty Fund, Inc. is a private, educational foundation established to encourage the study of the ideal of a society of free and responsible individuals. Copyright Information: The text is in the public domain. Fair Use Statement: This material is put online to further the educational goals of Liberty Fund, Inc. Unless otherwise stated in the Copyright Information section above, this material may be used freely for educational and academic purposes. It may not be used in any way for profit. PLL v6.0 (generated September, 2011) 3 http://oll.libertyfund.org/title/2060 Online Library of Liberty: A Select Collection of Scarce and Valuable Tracts on Money Table Of Contents Preface. Vaughan, a Discourse of Coin and Coinage Chap. I.: Of the First Invention and Use of Money. Chap. II.: Of the Matter of Money. Chap. III.: Of the Forms of the Money Anciently and Now In Use. Chap. IV.: Of the Proportions Held Between Gold and Silver, Antient and Modern. Chap. V.: Of the Raising of the Price of Money Both of Silver and Gold. Chap. VI.: Of Base Money. Chap. VII.: Of the Inconveniences In General Grown In the Matter of Money. Chap. VIII.: Of the Low Price of Our Silver. Chap. IX.: Of the Prohibition of Forrein Moneys, Especially Spanish. Chap. X.: Of the Unequal Coinage of Our Moneys. Chap. XI.: Of the Great Increase of the Proportion Between Gold and Silver, and the Things Valued By Them; By Which There Is Grown a Greater Want of Money In England Than Was In Antient Times, and of the Causes Thereof, and of the Remedies Which May Chap. XII.: Of the Raising of the Price of Moneys By Our Neighbours, and the Defect of Our Not Raising of Our Moneys Accordingly. Chap. XIII.: Of the Benefits Which Do Grow Unto the State By the Raising of Moneys, and the Prejudices Which Do By Not Raising of It. Chap. XIV.: The Benefits Which Do Grow to the State By the Not Raising of Money, and the Prejudices Which Do Grow By the Raising of It. Chap. XV.: Examinations of the Reasons For the Raising of Money. Chap. XVI.: Examinations of the Reasons For the Not Raising of Money. Chap. XVII.: Of Contracting With Forrein Nations By Ambassadors to Keep Their Moneys At a Certain Standard. Chap. XVIII.: Of the Ordaining of Solid Payments. Chap. XIX.: Of Equalizing the Exchange. Chap. XX.: Of Reducing Moneys to the Lowness of Ancient Values. Chap. XXI.: Of Raising Our Moneys According to the Raising of Our Neighbours. Chap. XXII.: Of Introducing Two Different Species of Money. Chap. XXIII.: Of Coining of Moneys Without Distinction of Weights. Lord Coke’s Account of Coin and Coining. Cotton, a Speech Touching the Alteration of Coin. The Answer of the Committees Appointed By Your Lordships to the Proposition Delivered By Some Officers of the Mint, For Infeebling His Majesties Monies of Gold and Silver. The First Part. the Preamble. Questions to Be Proposed to the Merchants, Mint Masters, and Goldsmiths Concerning the Alteration of the Silver-monies. Certain General Rules Collected Concerning Money and Bullion Out of the Late Consultation At Court. PLL v6.0 (generated September, 2011) 4 http://oll.libertyfund.org/title/2060 Online Library of Liberty: A Select Collection of Scarce and Valuable Tracts on Money Advice of His Majesty’s Council of Trade, Concerning the Exportation of Gold and Silver In Foreign Coins and Bullion. (concluded December 11. 1660.) Reasons Aud Arguments For the Free Exportation of Gold and Silver In Foreign Coin and Bullion. Sir William Pettys Quantulumcunque Concerning Money, 1682. Questions. A Report Containing an Essay For the Amendment of Silver Coins The Second General Head Concerning the Present State and Condition of the Gold and Silver Conis. The Third General Head Discusses This Question, Whether It Be Or Be Not Absolutely Necessary At This Time to Re-establish the Coins. The Fourth General Head Is to Propose the Means That Must Be Obtained, and the Proper Methods to Be Used In and For the Re-establishment of the Silver Coins. The Fifth General Head Considers What Must Supply the Commerce, Pay Taxes, &c. Whilst the Clipt Money Is Under Its New Fabrication. In Quodam Libro Vocato Nigro Scripto Tempore Regis Henrici Secundi, Per Gervasium Tilburiensem, De Necessariis Scaccarii, Remanente In Curia Receptæ Scaccarii, Inter Alia Sic Continetur. A Computation of the Common Weight of a Hundred Pounds By Tale, In Ordinary Silver Money At This Day, Taken From a Medium of the Bags, Weighed At the Receipt of Exchequer, In May, June, and July Last. Note On the Re-coinage of 1696-99. Representations of Sir Isaac Newton On the Subject of Money. 1712-1717. Representation First Representation Second. Representation Third. Tables Illustrative of the Successive Changes In the Standard, In the Weight of the Coins, and In the Relative Values of Gold and Silver In England, From the Conquest Down to 1717. Note On Scotch Money, With Tables Showing the Successive Changes In the Standard In the Weight of the Coins, and In the Relative Values of Gold and Silver, From 1107 to 1707, When Scotland Ceased to Have a Peculiar Coinage. Observations On Coin In General, With Some Proposals For Regulating the Value of Coin In Ireland. Essays On Money and Coin I Part I.: The Theories of Commerce, Money, and Exchanges. Chapter I.—: Of the Nature and Origin of Wealth and Commerce. Chapter II.—: Of Money and Coins. Chapter III.: Of Exchanges. Essays On Money and Coin Ii The Preface. Part II. Chapter I.: A Summary Account of All the Alterations That Have Been Made In Our Standard of Money, From the Norman Conquest to the Present Time, With the Opinions of Some Very Eminent Men Upon Those Kinds of Measures. PLL v6.0 (generated September, 2011) 5 http://oll.libertyfund.org/title/2060 Online Library of Liberty: A Select Collection of Scarce and Valuable Tracts on Money Chapter II.: The Established Standard of Money Should Not Be Violated Or Altered, Under Any Pretence Whatsoever. Postscript. of Standard Measures. Reflections On Coin In General Raper, an Inquiry Into the Value of the Ancient Greek and Roman Money. Introduction. § 1.: Of the Attic Drachm. § II.: Of the Eginean and Euboïc Talents. § III.: Of the Roman Money. § 4.: Of the Value of Gold In Greece and Rome. § V.: Of the Value of the Ancient Greek and Roman Money. Conclusion. Tables Showing the Denominations of the Principal Greek and Roman Coins, and Their Values In Sterling Money, This Volume has been printed by the Political Economy Club of London for distribution amongst its members and their immediate friends. The Tracts contained in it have been taken from originals supplied by J. R. McCulloch, Esq., who has also contributed the Preface and Notes [ONE HUNDRED AND TWENTY-FIVE COPIES PRINTED.] PLL v6.0 (generated September, 2011) 6 http://oll.libertyfund.org/title/2060 Online Library of Liberty: A Select Collection of Scarce and Valuable Tracts on Money [Back to Table of Contents] PREFACE.