Full resolution (JPEG) - On this page / på denna sida - Sidor ...
<< prev. page << föreg. sida << >> nästa sida >> next page >>
Below is the raw OCR text
from the above scanned image.
Do you see an error? Proofread the page now!
Här nedan syns maskintolkade texten från faksimilbilden ovan.
Ser du något fel? Korrekturläs sidan nu!
This page has never been proofread. / Denna sida har aldrig korrekturlästs.
Doc. 176.] 505
ON THE COURSE OF EXCHANGE.
of which is to restore a specie currency, such as has existed in
Sweden heretofore, and as exists in all other countries in the
world : for in coined specie itself lies the real value of exchange,
and consequently that of all merchandize. If any country
could exist by means of a paper currency, which is in the
place of money, but which is not money, it would be a
country without a parallel.
EMAN. SWEDENBORG.
DOCUMENT 176.
ADDITIONAL CONSIDERATIONS WITH RESPECT
TO THE COURSE OF EXCHANGE.*
Many proposals may be brought forward for the purpose
of lowering the course of exchange, but they are all of little
value, except one. In proof of this assertion I desire to
discuss the following proposals:
I. That an Exchange -Bank be established, with “plates”
or copper as its basis. - Answer : by the institution of such
a bank the foundation would be drawn from under the present
State- Bank (Riksens Ständer Bank), and it would lose all its
credit.
II. That a large Company be formed to pay for all the
property of the country, and for all products, where it may
be desired, at a lower rate of exchange ; and that rules be
established for the government of the said company.
Answer: this cannot be effected without exercising com
pulsion on trade ; and exchange cannot be forced thereby
below 50 or 60 marks, and the general welfare is not thereby
promoted.
-
* Two original copies of this memorial are found on leaves 23 to 27
in the volume of “ Riksdagsskrifter" preserved among the Swedenborg MSS.
in the Academy of Sciences in Stockholm.
<< prev. page << föreg. sida << >> nästa sida >> next page >>
