<TD></TD></TABLE>
arsetonceal;itappearsagainitsnfinent
itisthenarulethatgoldisnnthisletsusseethedifferencebetoreatlarge
10ofexsiscalledtheurseofexchange
exontaryvalueofney
silverasatalhasvaluelikeallotherrerererchandise,ituchofitsvalue
silver,asney,hasavalue,erespectscanfix,andinotherscannot
1theprinequantityasney,2hefixestheproportionbetetalsdeuseofasney3heestablishestheoneyinfine,4,hegivestoeverypieaybefixedbylaw
theinofeverystatehas,besidesthis,arelativevalue,asitisparedoneyofotheruntriesthisrelativevalueisestablishedbytheexerchants,neverbythedecreesoftheprince;becauseitissubjecttoincessantvariations,anddependsonathousandaccidents
theseveralnations,infixingthisrelativevalue,areostproperfortheotherstoregulatetheirsbyherstandard:andtheregulationbetadehthisprincipalnation
intheactualstateoftheglobe,hollandisthenationiheurseofexchangehrelationtoher
theyhaveinhollandapieoneyagihattheyhavenotanysuoneyinhollandasaflorin,andthattheyhavenootherbutthegros:aninedbyourknoanygroseverypieoneyinotheruntriesisnlyretoknoanygrosarentainedinacrooregros;ifplentiful,ithless
thissple,ninfranceandscarceinholland:andviceversa
letussupposethattheurseofexhisbutasthereissodistanthus,inordertojudgeoftheshollandthantherearefroranycroorethanfiftyfourgros;otherparthit;andviceversa
thusthevarioustusintheurseofexanacuntofdebtorandcreditor,ustbefrequentlysettled,andoredischargebyexchangethananindividualcanpayadebtbygivingchangeforapieceofsilver
stancebothinspainandfranceshouldcauseeachtoarks;butfrancearksinspain,andthespaniardsarks;alluponspain
butifhollandustpayhertenthousandrks,thefrenarkstospain
henofneytoanotheruntry,itisindifferent,inthenatureofthething,ethodssolelydependsonaoney13
oneyofthesastandardandoneyofthesastandardandinholland,hattheexchangeisatparintheactualstateofspecie14theparisnearlyatfiftyfourgrostothecroheexchangeisabovefiftyfourgros,ishigh;h,islow
inordertoknoustbensideredasdebtorandcreditor,asbuyerandsellerheexchangeisbelolosesasadebtor,andgainsasacreditor;itlosesasabuyerandgainsasaselleritisobviousitlosesasde
... </P></TD>
arsetonceal;itappearsagainitsnfinent
itisthenarulethatgoldisnnthisletsusseethedifferencebetoreatlarge
10ofexsiscalledtheurseofexchange
exontaryvalueofney
silverasatalhasvaluelikeallotherrerererchandise,ituchofitsvalue
silver,asney,hasavalue,erespectscanfix,andinotherscannot
1theprinequantityasney,2hefixestheproportionbetetalsdeuseofasney3heestablishestheoneyinfine,4,hegivestoeverypieaybefixedbylaw
theinofeverystatehas,besidesthis,arelativevalue,asitisparedoneyofotheruntriesthisrelativevalueisestablishedbytheexerchants,neverbythedecreesoftheprince;becauseitissubjecttoincessantvariations,anddependsonathousandaccidents
theseveralnations,infixingthisrelativevalue,areostproperfortheotherstoregulatetheirsbyherstandard:andtheregulationbetadehthisprincipalnation
intheactualstateoftheglobe,hollandisthenationiheurseofexchangehrelationtoher
theyhaveinhollandapieoneyagihattheyhavenotanysuoneyinhollandasaflorin,andthattheyhavenootherbutthegros:aninedbyourknoanygroseverypieoneyinotheruntriesisnlyretoknoanygrosarentainedinacrooregros;ifplentiful,ithless
thissple,ninfranceandscarceinholland:andviceversa
letussupposethattheurseofexhisbutasthereissodistanthus,inordertojudgeoftheshollandthantherearefroranycroorethanfiftyfourgros;otherparthit;andviceversa
thusthevarioustusintheurseofexanacuntofdebtorandcreditor,ustbefrequentlysettled,andoredischargebyexchangethananindividualcanpayadebtbygivingchangeforapieceofsilver
stancebothinspainandfranceshouldcauseeachtoarks;butfrancearksinspain,andthespaniardsarks;alluponspain
butifhollandustpayhertenthousandrks,thefrenarkstospain
henofneytoanotheruntry,itisindifferent,inthenatureofthething,ethodssolelydependsonaoney13
oneyofthesastandardandoneyofthesastandardandinholland,hattheexchangeisatparintheactualstateofspecie14theparisnearlyatfiftyfourgrostothecroheexchangeisabovefiftyfourgros,ishigh;h,islow
inordertoknoustbensideredasdebtorandcreditor,asbuyerandsellerheexchangeisbelolosesasadebtor,andgainsasacreditor;itlosesasabuyerandgainsasaselleritisobviousitlosesasde
... </P></TD>