MILL JOHN STUART Autograph Letter Signed

Sale 2058 - Lot 88

Price Realized: $ 1,840

?Final Price Realized includes Buyer’s Premium added to Hammer Price

Estimate: $ 1,500 - $ 2,500

ON SCOTTISH PAPER CURRENCY MILL, JOHN STUART. Autograph Letter Signed, to Robertson, citing no objections to Scottish one pound notes. 5 pages, a folded 8vo sheet and an additional single 8vo sheet; inlaid. [London], 6 December 1866

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" . . . My opinion is that the whole outcry against them is nonsense. Where there is no danger of insolvent banks, there seems to me no more objection to £1 notes than to £5 or £10. No doubt it is desirable to retain a considerable stock of the precious metals in a country to pay balances to other countries without inconveniences. But the metallic currency of England does this, more than sufficiently. Why then deprive Scotland of her cheap currency . . ."