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1824. August Sept. 3. 1826 Apr.3. Jun
Constitutional Code
Ch IX. Ch. XI.Ministers collectivelyseverally.
§.13 13 Finance Minister
Functions
Money-making
manufactory
Expositive.
☞ These Five pages of Rudiments relate to position as to the quantity
of currency: a subject better left unlimited than unexhausted?
Money makingÆrafactive function or Monetary Mental function.
1
Art 1. Money is either
intrinsically or vicariously
valuable.
Expositive
Art. 1. Money is either intrinsically and conventionally valuable
or vicariously instrumentally and conventionally valuable.
Art. 2. Vicariously valuable
becomes equivalent to
intrinsically valuable
by being habitually exchangeable
for it.
Art. Of intrinsically val That which is intrinstically
valuable consists in promises to so pay delivers to the
bearer money that is intrinsically valuable. But in so
far as by habitual habit and confidence of obtaining in exchange
for it money which is intrinsically valuable, property intrinsically
valuable comes to be obtainable in exchange for
and that what is only vicariously arises valuable, that which is but
veraciously valuable acquires a value either exactly
equal to or a greater or less degree falling short
of or exceeding that intrinsically valuable money of which
it contains a promise.
Instructional
Art. 3. In so far as intrinsically
valuable
foreign money exchangeable
as well as home-fabricated.
Art. In so far as mon intrinsically valuable fabricated abroad money whatsover the purpose of exchange aswell in the like manner fabricated
the purpose of exchange as well as the like mere fabricated
at home, by currency given to it the expence of fabrication is in
proportion saved.
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