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[LOWNDES, WILLIAM.] A Report containing an Essay for the Amendment of the Silver Coins. 159, [1] pages. 8vo, contemporary gilt-panelled black
[LOWNDES, WILLIAM.] A Report containing an Essay for the Amendment of the Silver Coins. 159, [1] pages. 8vo, contemporary gilt-panelled black morocco; some marginal toning or foxing. London: Charles Bill, 1695
- Notes: first edition. "In this famous report, commissioned by the Lords of the Treasury, Lowndes (who was secretary of the Treasury from 1695-1723), proposed to increase the mint price of silver coins by 25%. Gold at this time was overvalued as compared with silver, with the result that most of the new silver coinage was melted down or exported. Locke successfully opposed Lowndes' project. The most important part of his work lies in its historical observations"--Amex Bank 277. Kress 1908; Wing L3323. excellent copy, possibly bound for presentation.
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April 15, 2004 12:00 AM EDT
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