"[U]pon the first day of the month Adar, proclamation was made throughout all Israel, that the people should provide themselves with half shekels, which were yearly paid towards the service of the temple, according to the commandment of God; On the 25th of Adar, they brought tables into the temple (that is, into the outward court, where the people stood) {Exodus xxx. 31.} On these lay the lesser coins, which were to provide those who wanted half-shekels for their offerings, or that wanted lesser pieces of money in payment for oxen, sheep, doves, &c. which stood there ready in the said court to be sold for sacrifices; but this supply and furnishing the people from the tables, was not without an exchange for other money or other things in lieu of money and that at an advantage [to the exchanger]: hence all those who sat at the tables were called bankers, or masters of the exchange."
Quote Details
Added by wikiquote-import-bot
Unverified quote
0 likes
Original Language: English
Available Languages (1)
Sources
Malachy Postlethwayt, "Bill of Exchange" The Universal History of Trade and Commerce (1751)
https://en.wikiquote.org/wiki/History_of_banking
Revision History
No revisions have been submitted for this quote.
Categories
History of banking
45 quotes on TrueQuotesView all quotes by History of banking →
Related Quotes
"[T]he is to the Agriculture, Commerce, and Finance of Great Britain a Sun; and the Circulation of so many Millions of…"
"Sir Francis Baring, "Sir Francis Baring's Observations on the Letter of Walter Boyd, Esq. to Mr. Pitt (1801) as quote…"
"In my former letter on the new collection of antiquities from Babylon, acquired by Mr. George Smith for the trustees …"
"The bank of Venice is reputed the first in date in the history of modern Europe; but it did not become a bank, as we …"
"Money creation by private banks is a legacy of history. Banking started around the 15th, 16th century when goldsmiths…"
"The use of banks has been the best method yet practised for the increase of money. banks have been long used in Italy…"
"Carthage... must have been a scene of wonderful grandeur and activity. The Carthaginians were luxurious, and prone to…"
"[In Ancient Rome, 340 B.C.] The first care of the new consuls was to regulate the payment of debts, the only obstruct…"
"The first public institution in England partaking somewhat of the nature of a Bank was the Exchequer, founded by Will…"
"Many documents dealing with property and credit have come down to us from the Sumerian period. ...Many of the financi…"