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Newton: Chronology Project: Catalogs
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View Catalog: MINT00268

Catalog Name MINT00268
Document
Title 'Of Credit good & bad, and of the usefulness of the former' (changed from 'Of Credit good & counterfeit, & of the usefulness of the first & danger of the last')
Subtitle
Author Isaac Newton
Place of Origin no place assigned
Origin Date 1701
Repository National Archives (Kew, Richmond)
Pages 2,678
Wordcount
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0
Language
Contents
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Notes

Complete copy of the 'Observations' in Pierpont Morgan Library, Acc. No. MA317(7).||Followed by a collection of preparatory notes for this and the foregoing parts of the 'Observations'.||Memorandum constituting part 3 of Newton's 'Observations on Mr P's Reply'. Rejects Pollexfen's comparison of paper money to counterfeit coin. Credit backed by good security, such as bills of exchange, bank bills, Exchequer bills, malt tickets, Million Lottery tickets, annuity tickets, etc., can be treated exactly like coin. It is the perceived value that matters.

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