The History of Currency, 1252 to 1896Shaw, William Arthur
History
The History of Currency, 1252 to 1896
Shaw, William Arthur
Money -- History
Like the contemporary enactment of the Spanish Netherlands, it proved
ineffectual, and a further rise had to be recognised in the ordinance
of 2nd March 1596, and again of 2nd April 1603. The preambles of these
ordinances, which are preserved in the huge collections of Can and
Scheltus, generally recite their purpose of providing against the
disorders in the coinage, caused by the daily rise in price, by the
greed and licence of the times, and by the inrush of the silver coins of
other states. Such is specially the tenor of that of 21st March 1606,
one of the most famous of these ordinances. Two years later an attempt
was made to reduce prices to the limit of 1606. It proved ineffectual,
and by the proclamations of 1st July 1610, 26th September 1615, and 13th
February 1619, further advances were recorded. By the last-named,
renewed on 5th June 1621, an attempt was made to re-establish the prices
of 1610.
So much for the ordinances themselves. It is only necessary to add, for
their general elucidation, that they generally contain and prescribe in
detail the value of each separate coin circulating in the Low Countries
at the particular time, coupled with an engraving of the coin, as an
assistance to the people in recognising them. Indeed, some of the
ordinances, that of 1606 for instance, contain engravings of upwards of
1000 different pieces--a significant witness to the international welter
of coins in the Netherlands exchange. Dissected in detail, with regard
to only a few of these coins, the tabular result is as follows:--
Public-domain text, read in full here on John Shaqi.
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