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DOCUMENT 174.
MEMORIAL TO THE SWEDISH DIET IN
FAVOUR OF A RETURN TO A PURE METALLIC
CURRENCY.*
[ The immediate cause leading to the preparation of this
memorial is stated by the biographer of Nordencrantz, 133
the Councillor of Commerce, in the Swedish " Biographiskt
Lexicon," (Vol. X, p. 34,) in the following words: " Meanwhile
the confusion in the course of exchange increased from day
to day. As early as the year 1755 exchange had risen from
39 to 43 marks , and the bureau, which had been estab
lished for the purpose of regulating the course of exchange,
had to declare its inability to do anything in the matter.
Contracts were indeed made with several business houses in
succession, with a view to prevent this upward tendency,
but these were all alike unsuccessful, especially when the
warf meanwhile began and caused disorder : a rix -daler
Hamburg currency had accordingly risen in 1760 from 55 to 70,
and in the following year from 68 to 75 marks. This caused
a meeting of the Diet to be called in 1760, in which a
Committee of Finance was appointed, which afterwards was
changed into a Secret Deputation, and of this Nordencrantz
was a member ; in it he was at first a shining light, but by
* The original of this memorial fills 6 pages on leaves 19 to 23 of the
volume of “ Riksdagsskrifter" among the MSS. of Swedenborg in the Library
of the Academy of Sciences; it has been printed by the author of "Nya
Kyrkan och dess inflytande på Theologiens Studium i Sverige,” in
part II, p. 73.
+ The Seven Years’ war, in which Sweden took part in 1757.
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