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<p>[QUOTE="kaparthy, post: 30201, member: 57463"]Thanks for the thumbnail history. I find that all very interesting. The colonial era is compelling for its lessons. </p><p><br /></p><p>What would have happened to the Dutch West India Company's "coins" if the Netherlands had been finally re-taken by the Spanish crown or their Austrian cousins? To me, the coins of the company would be coins by their <b>use, material substance, method of manufacture, and relative size and shape. </b> </p><p><br /></p><p>Looking in The Red Book, you find The Copper Company of Upper Canada, the Higley (Granby) Coppers, the gold of Templeton Reid, and many others. The editors call some "tokens" and others not. </p><p><br /></p><p>In our time, Walt Disney Corporation issues its own money for its "territories." The corporation certainly is not a "government." Although they have many of the attributes of a government -- control of land; security forces; money -- they do not call themselves a government. Their coins are still coins; their paper is still money. I am not sure that incorporation under the laws of this or that state include the right to create your own money as a specific provision.</p><p><br /></p><p>I refered to the colonial situation for two reasons. Clearly, as you note, many of these corporations did, indeed, have a grant to create coinage. Not all who struck coins had that grant. Massachusetts Bay Colony stands out for striking its own coins as a sign of their independence. </p><p><br /></p><p>So, we have this case where one corporation (Massachusetts) uses coinage to announce its status as an independent government and we have another (Walt Disney) that makes no such representations. However, in both cases, their coins are still coins.[/QUOTE]</p><p><br /></p>
[QUOTE="kaparthy, post: 30201, member: 57463"]Thanks for the thumbnail history. I find that all very interesting. The colonial era is compelling for its lessons. What would have happened to the Dutch West India Company's "coins" if the Netherlands had been finally re-taken by the Spanish crown or their Austrian cousins? To me, the coins of the company would be coins by their [B]use, material substance, method of manufacture, and relative size and shape. [/B] Looking in The Red Book, you find The Copper Company of Upper Canada, the Higley (Granby) Coppers, the gold of Templeton Reid, and many others. The editors call some "tokens" and others not. In our time, Walt Disney Corporation issues its own money for its "territories." The corporation certainly is not a "government." Although they have many of the attributes of a government -- control of land; security forces; money -- they do not call themselves a government. Their coins are still coins; their paper is still money. I am not sure that incorporation under the laws of this or that state include the right to create your own money as a specific provision. I refered to the colonial situation for two reasons. Clearly, as you note, many of these corporations did, indeed, have a grant to create coinage. Not all who struck coins had that grant. Massachusetts Bay Colony stands out for striking its own coins as a sign of their independence. So, we have this case where one corporation (Massachusetts) uses coinage to announce its status as an independent government and we have another (Walt Disney) that makes no such representations. However, in both cases, their coins are still coins.[/QUOTE]
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