| Artikelinhalt |
- From marcm@sunflower.com Fri Aug 14 10:20:28 2009
Return-Path: <marcm@sunflower.com>
X-Sender: marcm@sunflower.com
X-Apparently-To: colonial-coins@yahoogroups.com
X-Received: (qmail 32118 invoked from network); 14 Aug 2009 17:20:25 -0000
X-Received: from unknown (98.137.34.45)
by m5.grp.re1.yahoo.com with QMQP; 14 Aug 2009 17:20:25 -0000
X-Received: from unknown (HELO smtp.sunflower.com) (24.124.0.128)
by mta2.grp.sp2.yahoo.com with SMTP; 14 Aug 2009 17:20:24 -0000
X-Received: from youramr45pv6hw (153.93.124.24.cm.sunflower.com [24.124.93.153])
by smtp.sunflower.com (8.13.8/8.13.8) with SMTP id n7EHIaCm003998
for <colonial-coins@yahoogroups.com>; Fri, 14 Aug 2009 12:18:36 -0500
Message-ID: <000d01ca1d03$435fa710$995d7c18@youramr45pv6hw>
To: <colonial-coins@yahoogroups.com>
References: <1a8bee530908132133s5fa19632s27b6e7fe0ef8a6ca@mail.gmail.com> <1a8bee530908140946m3e05b223g3b57578e7de5c00@mail.gmail.com>
Date: Fri, 14 Aug 2009 11:18:38 -0600
MIME-Version: 1.0
Content-Type: multipart/alternative;
boundary="----=_NextPart_000_000A_01CA1CD0.F89A5680"
X-Priority: 3
X-MSMail-Priority: Normal
X-Mailer: Microsoft Outlook Express 6.00.2900.3138
X-MimeOLE: Produced By Microsoft MimeOLE V6.00.2900.3350
X-Antivirus: avast! (VPS 090812-0, 08/12/2009), Outbound message
X-Antivirus-Status: Clean
X-Originating-IP: 24.124.0.128
X-eGroups-Msg-Info: 1:12:0:0:0
From: "marc" <marcm@sunflower.com>
Subject: Re: [Colonial Numismatics] Re: When Counterfeits are Displaced
X-Yahoo-Group-Post: member; u=298690649; y=zDmlA6Nno9mvsoTILlq2RPi9reyurDrq-VPQQYa2sZWETaI5
X-Yahoo-Profile: remi66111
------=_NextPart_000_000A_01CA1CD0.F89A5680
Content-Type: text/plain;
charset="iso-8859-1"
Content-Transfer-Encoding: quoted-printable
Who was the "ingenious man" referred
to in Philadelphia and where did he end up ?
Dudley?
----- Original Message -----=20
From: Randy Clark=20
To: colonial-coins@yahoogroups.com=20
Sent: Friday, August 14, 2009 10:46
Subject: [Colonial Numismatics] Re: When Counterfeits are Displaced
The reason I thought this interesting is threefold.
First, it discusses the loss of good silver in
exchange for counterfeit coppers, which is an
interesting economic effect I hadn't considered.
If the counterfeits are domestic it might be less
of an issue, but for imported counterfeits I can
see that would be a big problem over time.
Second, I had not considered the impact of
sweeping out counterfeit coppers - in terms of
mechants getting stuck holding "the bag" with
an inventory of counterfeits no longer accepted,
or at least devalued. That must have been seen
to some extent in Connecticut with their new
coppers ... probably MA, NJ, VT as well. But
I don't have proof the counterfeilt coppers
already in circulation were no longer accepted.
Last, this article is reported in CT, but originated
in Philly. Who was the "ingenious man" referred
to in Philadelphia and where did he end up ?
-rc
On Thu, Aug 13, 2009 at 9:33 PM, Randy Clark<centsitive@gmail.com> wrote:
> From the August 15, 1785 American Mercury Newspaper, Hartford, CT.
>
> Philadelphia (Aug 2)
> The vast increase of counterfeit coppers
> in this state, though it may, at the first
> view, appear an object of small moment,
> merits the attention of the community,
> particularly the trading world. The
> immense profit made by the traffic of
> bringing over this vile trash, is so strong
> an inducement, that unless proper steps
> are taken to prevent it, the remaining silver
> money of the country will be drained away
> for it, at one third of its value. It will then
> become necessary for the legislature to
> interfere: their circulation will probably
> be stopped, and every person will suffer
> the loss of as many of them as remain in
> his hands. It frequently happens, on a
> new copper coinage for Ireland, when the
> base coin, which had been in circulation,
> becomes generally refused, that individuals,
> in retailing branches of business, lose
> twenty, thirty, forty, fifty, sixty and sometimes
> even a hundred pounds, by the quantity remaining
> with them. There is an ingenious man in this
> city, who understands perfectly well the
> management of a mint, and if properly
> encouraged, could, with a very small sum
> of money, commence a copper coinage,
> which would be equal to genuine British
> coppers, and besides be giving employment
> to several working people,would save the
> country the sums of money at present
> drawn away for coppers, as well genuine
> as counterfeit.
>
> -rc
>
=20=20
------=_NextPart_000_000A_01CA1CD0.F89A5680
Content-Type: text/html;
charset="iso-8859-1"
Content-Transfer-Encoding: quoted-printable
<!DOCTYPE HTML PUBLIC "-//W3C//DTD HTML 4.01 Transitional//EN" "http://www.=
w3c.org/TR/1999/REC-html401-19991224/loose.dtd">
<HTML><HEAD>
<META http-equiv=3DContent-Type content=3D"text/html; charset=3Diso-8859-1"=
>
<META content=3D"MSHTML 6.00.6000.16809" name=3DGENERATOR></HEAD>
<BODY style=3D"BACKGROUND-COLOR: #ffffff" bgColor=3D#ffffff>
<DIV>Who was the "ingenious man" referred<BR>to in Philadelphia and where d=
id he=20
end up ?<BR><FONT face=3DArial size=3D2>Dudley?</FONT></DIV>
<BLOCKQUOTE dir=3Dltr=20
style=3D"PADDING-RIGHT: 0px; PADDING-LEFT: 5px; MARGIN-LEFT: 5px; BORDER-LE=
FT: #000000 2px solid; MARGIN-RIGHT: 0px">
<DIV style=3D"FONT: 10pt arial">----- Original Message ----- </DIV>
<DIV=20
style=3D"BACKGROUND: #e4e4e4; FONT: 10pt arial; font-color: black"><B>Fro=
m:</B>=20
<A title=3Dcentsitive@gmail.com href=3D"mailto:centsitive@gmail.com">Rand=
y=20
Clark</A> </DIV>
<DIV style=3D"FONT: 10pt arial"><B>To:</B> <A=20
title=3Dcolonial-coins@yahoogroups.com=20
href=3D"mailto:colonial-coins@yahoogroups.com">colonial-coins@yahoogroups=
.com</A>=20
</DIV>
<DIV style=3D"FONT: 10pt arial"><B>Sent:</B> Friday, August 14, 2009 10:4=
6</DIV>
<DIV style=3D"FONT: 10pt arial"><B>Subject:</B> [Colonial Numismatics] Re=
: When=20
Counterfeits are Displaced</DIV>
<DIV><BR></DIV><SPAN style=3D"DISPLAY: none"> </SPAN>=20
<DIV id=3Dygrp-text>
<P>The reason I thought this interesting is threefold.<BR><BR>First, it=20
discusses the loss of good silver in<BR>exchange for counterfeit coppers,=
=20
which is an<BR>interesting economic effect I hadn't considered.<BR>If the=
=20
counterfeits are domestic it might be less<BR>of an issue, but for import=
ed=20
counterfeits I can<BR>see that would be a big problem over=20
time.<BR><BR>Second, I had not considered the impact of<BR>sweeping out=20
counterfeit coppers - in terms of<BR>mechants getting stuck holding "the =
bag"=20
with<BR>an inventory of counterfeits no longer accepted,<BR>or at least=20
devalued. That must have been seen<BR>to some extent in Connecticut with =
their=20
new<BR>coppers ... probably MA, NJ, VT as well. But<BR>I don't have proof=
the=20
counterfeilt coppers<BR>already in circulation were no longer=20
accepted.<BR><BR>Last, this article is reported in CT, but originated<BR>=
in=20
Philly. Who was the "ingenious man" referred<BR>to in Philadelphia and wh=
ere=20
did he end up ?<BR><BR>-rc<BR><BR>On Thu, Aug 13, 2009 at 9:33 PM, Randy=
=20
Clark<<A=20
href=3D"mailto:centsitive%40gmail.com">centsitive@gmail.<WBR>com</A>>=
=20
wrote:<BR>> From the August 15, 1785 American Mercury Newspaper, Hartf=
ord,=20
CT.<BR>><BR>> Philadelphia (Aug 2)<BR>> The vast increase of=20
counterfeit coppers<BR>> in this state, though it may, at the first<BR=
>>=20
view, appear an object of small moment,<BR>> merits the attention of t=
he=20
community,<BR>> particularly the trading world. The<BR>> immense pr=
ofit=20
made by the traffic of<BR>> bringing over this vile trash, is so=20
strong<BR>> an inducement, that unless proper steps<BR>> are taken =
to=20
prevent it, the remaining silver<BR>> money of the country will be dra=
ined=20
away<BR>> for it, at one third of its value. It will then<BR>> beco=
me=20
necessary for the legislature to<BR>> interfere: their circulation wil=
l=20
probably<BR>> be stopped, and every person will suffer<BR>> the los=
s of=20
as many of them as remain in<BR>> his hands. It frequently happens, on=
=20
a<BR>> new copper coinage for Ireland, when the<BR>> base coin, whi=
ch=20
had been in circulation,<BR>> becomes generally refused, that=20
individuals,<BR>> in retailing branches of business, lose<BR>> twen=
ty,=20
thirty, forty, fifty, sixty and sometimes<BR>> even a hundred pounds, =
by=20
the quantity remaining<BR>> with them. There is an ingenious man in=20
this<BR>> city, who understands perfectly well the<BR>> management =
of a=20
mint, and if properly<BR>> encouraged, could, with a very small sum<BR=
>>=20
of money, commence a copper coinage,<BR>> which would be equal to genu=
ine=20
British<BR>> coppers, and besides be giving employment<BR>> to seve=
ral=20
working people,would save the<BR>> country the sums of money at=20
present<BR>> drawn away for coppers, as well genuine<BR>> as=20
counterfeit.<BR>><BR>> -rc<BR>><BR></P></DIV><!--End group email=
--></BODY></HTML>
------=_NextPart_000_000A_01CA1CD0.F89A5680--
|
|---|
