[The Mississippi Bubble by Emerson Hough]@TWC D-Link bookThe Mississippi Bubble CHAPTER V 14/24
His deep and serene eye apparently saw not so much the man before him as the problem which lay on that man's mind. "Sir," said Sir Isaac, "as John Locke hath said, this is after all much a matter of clear reasoning.
There come into this problem two chief questions: First, who shall pay the expense of the recoinage? Shall the Government pay the expense, or shall the owner of the coin, who is to obtain good coin for evil? "Again, this matter applieth not to one man but to many men.
Now if one half the tradesmen of England rush to us with their coin for reminting, surely the trade of the country will have left not sufficient medium with which to prosper.
This I take to be the second part of this problem. "There be certain persons of the realm who claim that we may keep our present money as it is, but mark from its face a certain amount of value.
Look you, now, this were a small thing; yet, in my mind, it clearly seemeth dishonesty.
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