Publisher's Synopsis
Excerpt from The History of Canadian Currency, Banking and Exchange: One Currency for the Empire
A letter to the Kingston Chronicle, of the same year, declares it to be well known that the specie which comes to Kingston for the payment of the troops, etc., is not put into circulation, but is paid over to the agent of the bank (montreal) who issues the bank's notes and sends the specie back to Lower Canada in the very cases in which it arrived. Some hye years later. Commissary General Routh states that the contractors on the Rideau Canal and elsewhere, instead of receiving cash, take a draft on Montreal, payable in dollars, and they dispose of this at a premium for bank notes, with which they pay their men and obtain supplies.
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