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A commissioned officer _sixty sols_. A cavalry soldier _thirty sols_. A private soldier, with musket (mousquetaire) _twelve sols_. A private soldier, with halbert or staff (halbarde ou baston) _eight sols_." --_Le Quesne_, page 489. "It is an indication of the little traffic of the Island that payments were usually made in _liards_--small copper coins of the value of one-eighth of a penny. There are acts of the States passed at different periods alluding to the scarcity of money. According to the prevalent notions of those times, and of a much later period, one chief object of commercial legislation was to keep as much money or actual coin in the country as possible; and the balance of trade was to be so regulated as to insure this result. The exportation of coin has therefore, in various countries, been occasionally prohibited under severe penalties. The same notions existed in Jersey, and it was equally believed that coin or money could be retained, and should be retained, by legislative enactments. We find an act of the States, of the 3rd of October, 1701, forbidding all persons to take or send out of the Island to foreign countries any gold, silver, or other coin, to a larger amount than _thirty livres tournois_ at a time, on pain of confiscation of the money, besides a fine; and, in addition to this penalty, confiscation of the vessel on board of which such moneys should be found, and three months' imprisonment of the master and crew. This prohibition did not produce the results anticipated by the States; for we find them, on the 9th of April, 1720, complaining that, although the sending out of the Island of gold and silver was forbidden, yet very little remained in the Island. They could not understand that if a profit or benefit was to be derived in the purchase of commodities or provisions in France with actual money, such money would unavoidably find its way there. Coins, being in fact merchandise, will follow the same rules of exchange, and will be attracted to those parts where they bear a greater exchangeable or market value. The actual value of a coin in currency must be that of its intrinsic value; and if temporary circumstances cause it to bear a greater value elsewhere, thither it will tend, till the balance is restored, in defiance of any attempts to arrest
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