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Doc. 174.) 503
ON THE RISE OF EXCHANGE.
the exchange chiefly in their own hands: for it is one thing
for iron to determine the price of exchange, and quite a
different thing for exchange to determine the price of iron.
The former is done when the Iron -Office finds the means of
keeping iron at a certain high price; without mentioning that
the trade in iron, which is the principal and most lucrative
trade in the country, is thereby brought into great jeopardy.
7. A great portion of the bank-bills in circulation may be
brought in annually, if the distilling of whiskey—if the public
can be prevailed upon to enact this — be farmed out in all
judicial districts, and also in town, to the highest bidder;
whereby in time a considerable revenue may be obtained for
the country, and the consumption of grain may be reduced :
that is if the consumption of whiskey cannot be done away
with entirely, which would be more desirable for the welfare
of the country and for morality than all the income which
may be realized from so pernicions a drink. All this I con
sider myself, as a member of the Diet, in duty bound to
submit in all humility to the consideration of the several
Houses of the Diet, inasmuch as I am obliged according to
my ability to reflect upon and to submit for consideration
everything that may be of use to the public good of the
country; and the subject which I have discussed above is the
most important of all, inasmuch as the general welfare of the
country depends upon it: for the currency in a country is
like the blood in the body, upon which depends its life, health,
strength, and defence.
EMAN. SWEDENBORG.
Stockholm, November 17, 1760.
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