368 PAPER MONEY. 



CHAP. XXX. 



in Vienna at the time the above-mentioned opera- 

 tion was carried into effect, from what is known 

 of the large negotiations at Frankfort to obtain 

 supplies of the precious metals from the abun- 

 dance of silver and gold coin to be seen in every 

 part of the empire from the preference given 

 to it in all smaller transactions it may be in- 

 ferred that the paper money now circulating at 

 par does not exceed one half the whole currency, 

 or does not amount to more than one hundred 

 million florins, or ten millions sterling. 



Prussia had no paper money in circulation in 

 1810, for its Tresor Scheme were of the nature 

 of our exchequer bills; but of late its bank has 

 risen in credit. Though its bills are received as 

 cash in the payment of all taxes and public con- 

 tributions, the circulation is not extensive, and 

 supposed not to exceed twelve million Thalers, or 

 two millions sterling. 



In Holland, where in 1810 there was none 

 but metallic currency, a bank was established in 

 1814, with a capital of four hundred thousand 

 pounds sterling, which was doubled in 1819; but 

 its circulating notes are not supposed to exceed 

 one million sterling. 



In the smaller states of Germany, in Italy, ex- 

 cept as regards that part of it which is under the 

 dominion of Austria, in Spain, and in Switzerland, 

 the currency has been invariably metallic. 



In Denmark, Norway, and Sweden, a paper 



