The Progress of the Nation from the Begining of the Nineteenth Century download torrent

The Progress of the Nation from the Begining of the Nineteenth Century by G R Porter

This historic book may have numerous typos and missing text. Purchasers can download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1847 Excerpt: ...would surely be unwise to incur the risk of the general inconvenience for the sake of a profit that might possibly result to a private body. Copper coin is issued from the Mint at the rate of 224/. per ton, or more than 100 per cent, above its market value; there can hardly be expected, therefore, to arise any temptation for its conversion to any other purpose. The copper coinage which was issued in 1797, in place of the old defaced Tower halfpence, was of the intrinsic value of 149/. 6. 8d. per ton; but as the market value of the metal rose in 1806 to 200/. per ton, it has since then been thought advisable to adopt the rate above-mentioned. The value of copper coin issued since the peace has been as follows: --Previous to the copper coinage above-mentioned, as having been made in 1797, the country was inundated from one end to the other by coins put into circulation as halfpence, and which were struck by tradesmen or other private adventurers. The encouragement to this course was found in the then existing state of the small coinage. The halfpence put into circulation by private parties were some of them creditable specimens of the art of coining; and all of them, although intrinsically below their nominal value, were yet considerably nearer to it than the halfpence otherwise circulating. When the State undertook, in 1797, to issue new copper coins, the circulation of these private tokens was prohibited. CHAPTER XIV. WAGES. Bad Seasons 1795-1800--Privations of Working Classes--Decreased Number of Marriages--Greater competition and exertion among Labourers when Food is dear--Wages not readily adjusted to fluctuations of Seasons--Influence of those fluctuations upon character of Labourers--Weekly Wages of Artisans, &c, 1800-1836--Benefits resulting from C..

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