Murena, For the implementation of interest-bearing paper money in Italy, Project and system

Emmanuele Murena, For the implementation of interest-bearing paper money in Italy, Project and system, R. Tipografia Francesco Giannini & Figli, Naples 1894, pp. 96, 2 beautiful lithographic plates depicting the front and back of the two hundred lire interest-bearing paper money, 25 cm, fine garnet half morocco binding, gold titles and borders on the spine, elegant paper boards decorated in shades of wine with a minute white reticular geometric motif harmoniously matching the skin tone.

Contents: Introduction; A brief historical overview of metallic and representative money; Differences and advantages between interest-bearing securities and paper money; New paper securities; Interest-bearing securities with daily interest, whether created or merely conceived, and their enormous difference from interest-bearing paper money; Interest-bearing paper money has a constant value, unaffected by the fluctuations of the yield-bearing securities that guarantee it; The interest assigned to interest-bearing paper money of 1.82% per annum is fair and rewarding; Interest-bearing paper money does not increase the circulation of paper money; Interest-bearing paper money does not destroy savings banks, but rather is a refinement of them; Interest-bearing paper money can be assimilated to the institution of Land Credit extended to the State; Interest-bearing paper money has a constant value and can circulate freely, like current money; Interest-bearing paper money will not delay payments due to its interest rate; Interest-bearing paper money justifies regular interest on capital lent as its amount grows; States that use interest-bearing paper money will be immune from fiat money; How banks can, at the start of the operation, mark the paper money put into circulation among their own capital; Clarifications on the deposit of the metal guarantee of the paper in a special treasury to be used only for the defense of the country; Interest-bearing paper money will be available to other entities, and the worthy institution of the Italian National Consortium will benefit greatly; Outline of the law of August 10, 1893, and the Decrees of January 23 and February 21, 1894, which determine the quantity of paper money now in circulation among us and its guarantee; Project for the implementation of the E. Murena Interest-bearing Paper Money system in Italy; Project I; Project II; Conclusion; Appendix No. 1. Annual report of the 1st project; Appendix 2. Annual report for the 2nd project; Appendix 3. Map form; Appendix 4. Opinion of the local press.

An elegant bookplate on the front pastedown. A label with the work's bibliographical information is on the first flyleaf.

Insignificant blooms, otherwise in excellent condition.

An extraordinarily rare bibliographical testimony, offered here in a complete copy with plates and attachments, a condition never found elsewhere on the market.