The Querist: Containing Several Queries Proposed to the Consideration of the Public — John Shaqi
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
77. Qu. Whether the Regent did not reserve to himself the power of
calling this bank to account, so often as he should think good, and
of appointing the inspector?
78. Qu. Whether in the beginning of the year 1719 the French King
did not convert the general bank of France into a Banque Royale,
having himself purchased the stock of the company and taken it into
his own hands, and appointed the Duke of Orleans chief manager
thereof?
79. Qu. Whether from that time, all matters relating to the bank
were not transacted in the name, and by the sole authority, of the
king?
80. Qu. Whether his Majesty did not undertake to receive and keep
the cash of all particular persons, subjects, or foreigners, in his
said Royale Banque, without being paid for that trouble? And whether
it was not declared, that such cash should not be liable to seizure
on any pretext, not even on the king's own account?
81. Qu. Whether the treasurer alone did not sign all the bills,
receive all the stock paid into the bank, and keep account of all
the in-goings and out-goings?
82. Qu. Whether there were not three registers for the enregistering
of the bills kept in the Banque Royale, one by the inspector,
another by the controller, and a third by the treasurer?
83. Qu. Whether there was not also a fourth register, containing the
profits of the bank, which was visited, at least once a week, by the
inspector and controller?
84. Qu. Whether, beside the general bureau or compter in the city of
Paris, there were not also appointed five more in the towns of
Lyons, Tours, Rochelle, Orleans, and Amiens, each whereof was
provided with two chests, one of specie for discharging bills at
sight, and another of bank bills to be issued as there should be
demand?
85. Qu. Whether, in the above mentioned towns, it was not prohibited
to make payments in silver, exceeding the sum of six hundred livres?
86. Qu. Whether all creditors were not empowered to demand payment
in bank bills instead of specie?
87. Qu. Whether, in a short compass of time, this bank did not
undergo many new changes and regulations by several successive acts
of council?
88. Qu. Whether the untimely, repeated, and boundless fabrication of
bills did not precipitate the ruin of this bank?
89. Qu. Whether it be not true, that before the end of July, 1719,
they had fabricated four hundred millions of livres in bank-notes,
to which they added the sum of one hundred and twenty millions more
on the twelfth of September following, also the same sum of one
hundred and twenty millions on the twenty-fourth of 3 October, and
again on the twenty-ninth of December, in the same year, the farther
sum of three hundred and sixty millions, making the whole, from an
original stock of six millions, mount, within the compass of one
year, to a thousand millions of livres?
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