A Scheme for a Paper Currency Together With Two Petitions Written in Boston Gao
A Scheme for a Paper Currency Together With Two Petitions Written in Boston Gao
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In our eReader you can find the full English version of the book. Read A Scheme for a Paper Currency Together With Two Petitions Written in Boston Gao Online - link to read the book on full screen. Our eReader also allows you to upload and read Pdf, Txt, ePub and fb2 books. In the Mini eReder on the page below you can quickly view all pages of the book - Read Book A Scheme for a Paper Currency Together With Two Petitions Written in Boston Gao
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8d. An ounce; the notes [xxx] Introduction were payable in twenty years and then might be redeemed in produce of various sorts. Subscribers to the scheme agreed to borrow these notes and to give security therefor by mortgage of real estate or pledge of personal property. Incredible as it may seem this scheme found followers throughout the Province, and a House of Representatives was chosen which was composed largely of its patrons. Fortunately the Governor and Council were equally hostile, and ...under their stimulation the Boston merchants organized a counter-scheme, which was known as the Silver Bank. Their plan was some- what similar to that of the company which issued the merchants' notes of 1733. They emitted notes on the credit of their personal responsibility. Ac- cepting the discount of the Province bills as the basis on which the notes should be emitted, they promised to receive them on a sliding scale of im- provement in the discount, which would bring the value of the bills, measured by the price of silver stated on their face, from 28s.
What to read after A Scheme for a Paper Currency Together With Two Petitions Written in Boston Gao?
You can find similar books in the "Read Also" column, or choose other free books by Richard Fry to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
8d. An ounce; the notes [xxx] Introduction were payable in twenty years and then might be redeemed in produce of various sorts. Subscribers to the scheme agreed to borrow these notes and to give security therefor by mortgage of real estate or pledge of personal property. Incredible as it may seem this scheme found followers throughout the Province, and a House of Representatives was chosen which was composed largely of its patrons. Fortunately the Governor and Council were equally hostile, and ...under their stimulation the Boston merchants organized a counter-scheme, which was known as the Silver Bank. Their plan was some- what similar to that of the company which issued the merchants' notes of 1733. They emitted notes on the credit of their personal responsibility. Ac- cepting the discount of the Province bills as the basis on which the notes should be emitted, they promised to receive them on a sliding scale of im- provement in the discount, which would bring the value of the bills, measured by the price of silver stated on their face, from 28s.
What to read after A Scheme for a Paper Currency Together With Two Petitions Written in Boston Gao?
You can find similar books in the "Read Also" column, or choose other free books by Richard Fry to read onlineMoreLess
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