[British Acts]:

$350 · Offered by William Reese Company

ANNO REGNI GEORGII II. REGIS MAGNAE BRITANNIAE, FRANCIAE, & HIBERNIAE, DECIMO QUARTO...AN ACT FOR RESTRAINING AND PREVENTING SEVERAL UNWARRANTABLE SCHEMES AND UNDERTAKINGS IN HIS MAJESTY'S COLONIES ... This law was designed to keep subjects in the colonies from raising or transferring capital stocks without Parliamentary approval or royal charter. It allows for aggrieved parties to sue in British courts, and for triple damages to be paid by the guilty. Then, as now, get-rich-quick schemes prospered in marginal economies.

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