Excerpt from History of Monetary Systems: Record of Actual Experiments in Money Made by Various States of the Ancient and Modern World, as Drawn From Their Statutes, Customs, Treaties, Mining Regulations, Jurisprudence, History, Arch?ology, Coins, Nummulary Systems, and Other Sources of Informati
The author concluded a former work on Money in these words: - "That which has engaged the attention without harmonising the convictions of such master minds as Aristotle, Plato, Tycho Brahe, Copernicus, Locke, Newton, Smith, Bastiat, and Mill, is surely a study which none can afford to approach with rashness, nor to leave with complacency. When the principles which underlie it are thoroughly understood, money is perhaps the mightiest engine to which man can lend an intelligent guidance. Unheard, unfelt, unseen, it has the power to so distribute the burdens, gratifications, and opportunities of life that each individual shall enjoy that share of them to which his merits or good fortune may fairly entitle him, or, contrariwise, to dispense them with so partial a hand as to violate every principle of justice, and perpetuate a succession of social slaveries to the end of time." I begin the present work in the same spirit with which I closed the former one, that is to say, without bias concerning any system of money, and only anxious to examine and profit by the experience of the past.
The scope of the work includes a recension of my former chapters on India, Greece, and Rome, a continuation of the Roman history from the monetary system of Augustus to the downfall of the Empire, and an examination of the Merovingian and Carlovingian systems, the Moslem systems, the systems of Britain from the earliest times to the reign of Edward III, and the systems of Saxony, Scandinavia, the Netherlands, Germany, and the Argentine Republic.
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