An Inquiry into the Principles of Political Oeconomy (Vol. 2 of 2): Being an essay on the science of domestic policy in free nations. In which are particularly considered population, agriculture, trade, industry, money, coin, interest, circulation, banks, exchange, public credit, and taxesSteuart, James, Sir
General
An Inquiry into the Principles of Political Oeconomy (Vol. 2 of 2): Being an essay on the science of domestic policy in free nations. In which are particularly considered population, agriculture, trade, industry, money, coin, interest, circulation, banks, exchange, public credit, and taxes
Steuart, James, Sir
Economics
Their unit of weight is the marc Hollands troes, —
The remedy of weight on silver, —
The fineness of silver is different in different coins, —
Florins are 11⁄12 fine with one grain of remedy, —
How they reckon their silver standard, —
Exact quantity of fine silver in a marc weight of Dutch 80
florins as they come from the mint,
Mint price of fine silver, —
Price of coinage in Holland is 1½ _per cent._ upon silver, —
Of the Dutch gold coins, 80
The ducat has no legal denomination, —
The fineness of it 23 carats 8 grains, 81
How the fineness is reckoned, —
Fineness of the ducats of the empire, —
Exact quantity of fine gold in a marc weight of Dutch —
ducats as they come from the mint,
Mint price of fine gold, —
Price of coinage upon ducats about 1 _per cent._ 82
The price of coinage upon both species should be the same, —
The rider —
Has a legal denomination, and is a lawful tender in —
payments to ⅓ of the sum,
As it is always coined by the state, and for the state —
there can be no mint price,
Regulation as to the fineness, denomination, and weight of 83
the rider,
Quantity of fine gold in a florin of riders, —
To put the ducat upon a par with riders, it should —
circulate for 5 florins 4⅛ stivers,
Utility of not fixing the denomination of ducats, —
How to find the proportion of the metals in the coin of 84
Holland, and a wonderful phænomenon in the value of ducats,
Were all the coin of full weight the proportion would be as —
1 to 14.62,
Quantity of fine silver in a florin piece, 85
Quantity of fine gold in a florin of riders, —
Investigation of this proportion as to the ducats, —
By which it appears that the war has raised the value of 86
gold, and set the market proportion of the metals in
Holland at 1 to 14.785,
Which is a rise in the value of gold of 1.12 _per cent._ —
The intention of this minute detail is to calculate the 87
real par of the coins of Europe,
Proportion between the mint weights of Holland, England, —
France, and Germany,
Par of a pound sterling (in weighty silver) with Dutch 88
florins in riders, is 11 florins 12 stivers,
Public-domain text, read in full here on John Shaqi.
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