Chapter 1 of 24 · A Treatise on Metallic and Paper Money and Banks by John Ramsay McCulloch
CONTENTS.
- PART I.—METALLIC MONEY.
- Section I.—Circumstances which led to the use of Money. Principal properties which all Commodities used as such ought to possess. Metallic Money not a Sign or a Measure of Value, but a real Equivalent . . page 416
- II.—Circumstances which regulate the exchangeable value of Money . . . . . . . . 420
- III.—A moderate Seignorage on Coined Money advantageous. Principles which should regulate its amount . 423
- IV.—Expense of a Currency consisting of the Precious Metals . . . . . . . . . 425
- V.—How Paper is substituted for Coins, and its Value maintained . . . . . . . . 426
- VI.—Whether Gold or Silver should be adopted as the Standard of the Currency, or whether it should consist of both? . . . . . . . . . . . . . . . . . 428
- VII.—Standard of Money. Duodecimal and Decimal Systems of dividing Coins. Degradation of Coins in Rome, France, Great Britain, and other Countries. Effects of this Degradation . . . . . 430
- PART II.—PAPER-MONEY.
- Section I.—General Principles in regard to Paper-Money . . . . . . . . . . . 446
- II.—Banks of Deposit and Banks of Issue. Principles on which they are established . . . . . 450
- III.—Bank of England, Account of . . . . . . . . . . . . . . 455
- IV.—Private and Joint-Stock Banks . . . . . . . . . . . . . . 459
- V.—Act of 1844. Objections to, and Defence of that Act. Suspension of, in 1847 and 1857 . . . 462
- VI.—Management of the Bank of England . . . . . . . . . . . . . 470
- VII.—Banks (Scotch) . . . . . . . . . . . . . . . . . 483
- VIII.—Banking in Ireland . . . . . . . . . . . . . . . . 487
- IX.—Banks of Venice, Amsterdam, &c. . . . . . . . . . . . . . . 488
- X.—The Bank of France . . . . . . . . . . . . . . . . 489
- XI.—Banking in the United States . . . . . . . . . . . . . . 491
A Treatise on Metallic and Paper Money and Banks
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