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Updated: June 28, 2025
"We regard it," says Montesinos, "as the representative of real wealth; and, therefore, limited always to the amount of what it represents." "Pursue that notion," answers the ghost, "and you will be in the dark presently. Your provincial banknotes, which constitute almost wholly the circulating medium of certain districts, pass current to-day.
Have you ever in your career as a city man stood outside a money-changer's and looked at the fine collection of genuine banknotes in the window? Supposing I told you that you could look at them and enjoy the sight of them, and nobody could do more?... No, my boy, to enjoy a thing properly you've got to own it. And anybody who says the contrary is probably a member of the League of all the Arts."
Three banknotes, of a thousand francs each, lying visibly before him on Desroches's desk, informed la Peyrade that the negotiation had already taken place, and that the lawyers were worsted. Godeschal's eyes told the rest, and the glance which Desroches cast at the "poor man's advocate" was like the blow of a pick-axe into the earth of a grave.
You may imagine how greatly we were surprised by the sudden departure of Lord St Clair. "Ignoble Grand-sire!" exclaimed Sophia. "Unworthy Grandfather!" said I, and instantly fainted in each other's arms. How long we remained in this situation I know not; but when we recovered we found ourselves alone, without either Gustavus, Philander, or the Banknotes.
And part of this certain history is that the best way to diffuse banking in a community is to allow the banker to issue banknotes of small amount that can supersede the metal currency. This amounts to a subsidy to each banker to enable him to keep open a bank till depositors choose to come to it.
"Good God!" cried Charles Turner, "I have been burning banknotes all my life." Some years later still oe3,000 was paid for a single copy of the Liber Studiorum. Turner was a most conscientious man, and many stories are told of his manner of teaching.
There were two men in there, French Pete and Marny Day undoubtedly, and they sat on opposite sides of a table, and a lamp burned on the table, and one of the men was counting out a sheaf of crisp yellow-back banknotes but the other, while apparently engrossed in the first man's occupation, and while he leaned forward in apparent eagerness, was edging one hand stealthily toward the lamp, and his other hand, hidden from his companion's view by the table, was just drawing a revolver from his pocket.
Plenty of people have a few peccadilloes, or some more or less original sin, upon their consciences; there are plenty of fortunes made in ways that would not bear looking into; sometimes a man has kept the letter of the law, and sometimes he has not; and in either case, there is a tidbit of tattle for the inquirer, as, for instance, that tale of Fouche's police surrounding the spies of the Prefect of Police, who, not being in the secret of the fabrication of forged English banknotes, were just about to pounce on the clandestine printers employed by the Minister, or there is the story of Prince Galathionne's diamonds, the Maubreuile affair, or the Pombreton will case.
'It can be but a trifling sum, he said to himself, 'and I daresay the good lady may have a share of my banknotes to make amends. With these reflections he opened the leathern purse, expecting to find at most three or four guineas.
The Government issued banknotes drawing two per cent. a year, and loaned money on land and on goods in the Government warehouses and conducted a fire insurance business, but no insurance was paid on any property that was insured in the building where the fire broke out, and on no buildings that were not fireproof.
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