Caledonian Bank, delivered a lecture on Wednesday evening' to the members of the Chamber of Commerce on the subject of the currency. He began by showing how exchange began by) means of barter and how as commerce developed it became necessary to have a standard of value by which all other connodities could he measured. It mattered not what the standard was so long as it was recogni For example, if a pound weight of silver were recognised as the standard, than all other commodities would be quoted in relation to that; or in other words any one possessing a Pound of silver could, buy so much wool, so much flax, or so much of any other cominodity. But whatever emilia of exchange were employed, the articles so used still themselves remained commodities pure and simple; and if the supply at any time exceeded' the demand, their price would, in accordance with the unvarying law, inevitably go down, The official stamping of the round discs of gold
Text read from the printed page and cleaned; old type leaves the occasional error.