Excerpt from Epitome of a Scheme of Finance: Whereby a Considerable Revenue May Be Obtained, Without Taxation or Any Burthen on the Country
T Thus we see in the practical effect of this operation of finance, that the Government actually purchased the credit and responsibility of the Bank, although much inferior to their own, at a most enormous sacrifice of money, while the Bank, under its restrictions, were responsible for nothing. They gave, it is true, their promissory notes; but secured at the same time by law from the fulfilment of their promise to pay them - They gained every thing and lost nothing. Their notes se quired however a value in the public estimation; but.
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Paperback. Condition: New. Print on Demand. This book proposes a novel financial scheme to alleviate the economic distress gripping the nation. The author argues that the government's excessive spending has led to a shortage of currency, causing widespread hardships, particularly among farmers, traders, and manufacturers. To remedy this, the author suggests the establishment of a public institution that would issue notes backed by mortgages on real estate. These notes would be accepted as legal tender, boosting circulation and enabling individuals to borrow funds to invest in productive ventures. By promoting economic growth and generating revenue for the state, this scheme aims to restore financial stability and prosperity to the nation. Forgotten Books publishes hundreds of thousands of rare and classic books. 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. The digital edition of all books may be viewed on our website before purchase. print-on-demand item. Seller Inventory # 9781334472305_0
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PAP. Condition: New. New Book. Shipped from UK. Established seller since 2000. Seller Inventory # LX-9781334472305
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Seller: PBShop.store UK, Fairford, GLOS, United Kingdom
PAP. Condition: New. New Book. Shipped from UK. Established seller since 2000. Seller Inventory # LX-9781334472305
Quantity: 15 available