The Querist: Containing Several Queries Proposed to the Consideration of the PublicBerkeley, George
Philosophy
The Querist: Containing Several Queries Proposed to the Consideration of the Public
Berkeley, George
Great Britain -- Economic conditions -- 18th century; Great Britain -- Economic policy; Wealth
226. Qu. Whether the bank proposed to be established in Ireland,
under the notion of a national bank, by the voluntary subscription
of three hundred thousand pounds, to pay off the national debt, the
interest of which sum to be paid the subscribers, subject to certain
terms of redemption, be not in reality a private bank, as those of
England and Scotland, which are national only in name, being in the
hands of particular persons, and making dividends on the money paid
in by subscribers? [Footnote: See a Proposal for the Relief of
Ireland, &c. Printed in Dublin A. D. 1734]
227. Qu. Whether plenty of small cash be not absolutely necessary
for keeping up a circulation among the people; that is, whether
copper be not more necessary than gold?
228. Qu. Whether it is not worth while to reflect on the expedients
made use of by other nations, paper-money, bank-notes, public funds,
and credit in all its shapes, to examine what hath been done and
devised to add to our own animadversions, and upon the whole offer
such hints as seem not unworthy the attention of the public?
229. Qu. Whether that, which increaseth the stock of a nation be not
a means of increasing its trade? And whether that which increaseth
the current credit of a nation may not be said to increase its
stock?
230. Qu. Whether it may not be expedient to appoint certain funds or
stock for a national bank, under direction of certain persons,
one-third whereof to be named by the Government, and one-third by
each House of Parliament?
231. Qu. Whether the directors should not be excluded from sitting
in either House, and whether they should not be subject to the audit
and visitation of a standing committee of both Houses?
232. Qu. Whether such committee of inspectors should not be changed
every two years, one-half going out, and another coming in by
ballot?
233. Qu. Whether the notes ought not to be issued in lots, to be let
at interest on mortgaged lands, the whole number of lots to be
divided among the four provinces, rateably to the number of hearths
in each?
234. Qu. Whether it may not be expedient to appoint four
counting-houses, one in each province, for converting notes into
specie?
235. Qu. Whether a limit should not be fixed, which no person might
exceed, in taking out notes?
236. Qu. Whether, the better to answer domestic circulation, it may
not be right to issue notes as low as twenty shillings?
237. Qu. Whether all the bills should be issued at once, or rather
by degrees, that so men may be gradually accustomed and reconciled
to the bank?
238. Qu. Whether the keeping of the cash, and the direction of the
bank, ought not to be in different hands, and both under public
control?
239. Qu. Whether the same rule should not alway be observed, of
lending out money or notes, only to half the value of the mortgaged
land? and whether this value should not alway be rated at the same
number of years' purchase as at first?
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