They started a co-operative store to supply themselves with food and clothing, and the estate was managed by a committee of the members, who paid every male and female member wages for their labour in labour notes which were exchangeable at the store for goods or cash.
"In-Darkest-England-and-the-Way-Out"
Booth, William
If, by any act of the Government paper is ordained to be a legal tender for debts, and, at the same time, ceases to be exchangeable for coin, those who have occasion to purchase of foreigners, who are not compelled to take the notes, will make some of their payments in gold; and if the issue of paper, unchecked by the power of demanding the gold it represents, be continued, the whole of the coin will soon disappear.
"On the Economy of Machinery and Manufactures"
Charles Babbage
Dr Smith evidently felt this; and wherever, in consequence, he does not shift the question from the exchangeable value of corn to its physical properties, he speaks with an unusual want of precision, and qualifies his positions by the expressions much, and in any considerable degree.
"Observations on the Effects of the Corn Laws, and of a Rise or Fall in the Price of Corn on the Agriculture and General Wealth of the Country"
Thomas Malthus