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I propose, in this paper, to review briefly the present stateof the question, and of the answer thereto. Within the last twenty years a great advance has been made with regard to it; and we owe this advance almost entirely to the researches of two savants, Hofraths Dr. J. Wiesner and Dr. J. Karabacek, both Professors in the University of Vienna. In the following review I shall state the results of those researches, together with such conclusions as appear to me legitimately deducible from them. [ABSTRACT FROM PUBLISHER]

Discusses paper money issues in the American colonies from 1720 to 1774. Misinterpretation of the colonial monetary policies; Overview of the political background of British monetary policies in the colonies; Controversy over colonial practices during the period.