A Treatise on the Police of the Metropolis: Containing a Detail of the Various Crimes and Misdemeanors by which Public and Private Property and Security are, at Present, Injured and Endangered: and Suggesting Remedies for their PreventionColquhoun, Patrick
History
A Treatise on the Police of the Metropolis: Containing a Detail of the Various Crimes and Misdemeanors by which Public and Private Property and Security are, at Present, Injured and Endangered: and Suggesting Remedies for their Prevention
Colquhoun, Patrick
Crime -- England -- London; Police -- England -- London
Convicting, &c. persons guilty of buying
or selling Counterfeit Copper money of
Foreign States at a lower rate than it
imports 10 0 0
To be paid without deduction or fee, within one month after such
conviction, on tendering a certificate to the Sheriff.
It is also proposed that the Treasury shall have power to issue out of
the Duties of Customs a sufficient sum of money for prosecuting
offenders against the Mint laws.
Whatever might be the effect of these amendments in the Mint laws, and
necessary as they appear to be, it is still to be feared that until a
new coinage of Silver money and Copper halfpence and farthings shall
take place, no legislative restrictions, regulations, or punishments,
can produce an effectual cure to this enormous evil; although, from
the many deficiencies which have been detailed, it is evident a great
deal of good may be done immediately in this way.
A coinage of Silver money is a great State question, which may require
a fuller consideration; but no doubt can be entertained of the
indispensable necessity of such a measure, as soon as circumstances
will admit.
If to a new coinage of _shillings_ and _sixpences_, should be added an
extensive coinage of silver money of the value of _four pence_ and
_three pence_, according to ancient usage, it would prove a great
convenience to the public, and remedy much of the inconvenience which
arises from the ponderous nature of Copper money; while a smaller
quantity would be required for circulation.
No doubt can be entertained of the nation deriving considerable
advantages from having increased the weight of copper coin, so as to
bring it as near as possible to the _intrinsic_ value of the metal of
which it is composed.
This arrangement will, it is hoped, ultimately prove the means of
effectually preventing counterfeits; and the copper, being a native
article produced in the country, may in time, through the medium of
_coined money_, become a profitable branch of commerce with foreign
nations; where even an extensive circulation may be insured, in
consequence of the _intrinsic_ and _denominative_ value being the
same, or nearly so.
This is exemplified in the policy of Sweden, where the copper dollar
being so heavy as to answer to sixpence sterling, has long been
exported; and forms a considerable, and even a profitable branch of
commerce to that nation.
In Russia the _Three Copee Piece_ is very nearly of the weight of six
English halfpence, yet its current value is only a small fraction
above one penny sterling;--and thus by issuing no copper coin where
the _denominative_ is not in proportion to the _intrinsic_ value,
every class of dealers who vend the necessaries of life are shielded
against loss; and every unnatural rise in the price of provisions for
the subsistence of the poor is of course prevented.
Public-domain text, read in full here on John Shaqi.
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