An Example of Communal Currency: The facts about the Guernsey Market House — John Shaqi
An Example of Communal Currency: The facts about the Guernsey Market HouseHarris, Joseph Theodore
History
An Example of Communal Currency: The facts about the Guernsey Market House
Harris, Joseph Theodore
Finance -- Guernsey; Paper money -- Guernsey
"Thus at the peace, this Island found itself with little or no trade;
little or no disposable revenue; no attraction for visitors, no
inducement for the affluent to continue their abode, and no prospect of
employment for the poor. No wonder, therefore, if emigration became the
object of the rich in search of those good roads, carriages and other
comforts which they could not find at home, and the only resource of the
other classes, whose distress was likely to be aggravated by the
non-residence of the former. Misery and depopulation appeared
inevitable, from the peace to the year 1819 inclusive, more than five
hundred native and other British subjects embarked for the United
States, and more prepared to follow.
"It is said, the powers of the human mind in society lie at times torpid
for ages; at others, are roused into action by the urgency of great
occasions, and astonish the world by their effects. This has, in some
measure, been verified in this Island, for though nothing done in so
small a community can cause a general sensation, its exertions may yet
produce wonderful results, within its own sphere. It is the duty of the
States to show that, roused by the deplorable situation above described,
they took, and have since pursued the steps best adapted to meet the
exigency of the case, and that those steps have been attended with
complete success.
"To increase the revenue was an indispensable preliminary, but to do
so, no other means lay within the power of the States than a tax on the
several parishes according to the rates at which they were respectively
assessed, and to this tax there were insuperable objections....
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