"In 1875... the very same question came before all the Judges in the great case of Goodwin v. Robarts. In this case the question was whether Scrip, which was a mere promise to deliver Bonds, possessed the attribute of Negotiability, of Currency, like Bank Notes, Bills of Exchange, and other Securities for Money. ...the Lord Chief Justice expressed the strongest condemnation of Lord Holt's cases, and said that they were a blot on our judicial history. In delivering the unanimous judgment of the Court he... held that the Act of 1705, which had always been supposed in the profession to have legalised them for the first time, was in reality only declaratory of the Common Law. The judgment... reversed the doctrines of the Queen's Bench... and affirmed the doctrines I had laid down in my Digest on these points, as the true statement of the Law."
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Theory and Practice of Banking
Theory and Practice of Banking, Volumes 1 & 2, by Scottish economist and historian , was published 1855-1856 by Longman, Brown, Green and Longmans, London. Quotes below, unless otherwise noted, are from the fourth edition, London, Green, Reader and Dyer, London.
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