Publisher's Synopsis
Excerpt from A Select Collection of Scarce and Valuable Tracts and Other Publications on Paper Currency and Banking
With the exception of the period from 1797 down to 1819 the paper currency of Great Britain has always been con vertible at pleasure into an equivalent amount of coin of the standard weight and purity. Our bank-notes are not, strictly speaking, money, but only substitutes for money. Inasmuch, however, as no doubt is entertained of their immediate con vertibility into coins, and as they perform some of the principal functions of the latter, and are in many respects more commodious, they are practically held to be money. TO use the words of Lord Mansfield these notes are not, like bills Of exchange, mere securities or documents for debts, nor are so esteemed; but are treated as money in the ordinary course and transactions of business, by the general consent Of mankind; and on payment of them whenever a receipt is required, the receipts are always given as for money not as for securities or notes.
About the Publisher
Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com
This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.
