A certain increase of the income tax to a shilling seemed a much more serious calamity than the uncertain prospect of a possible invasion.
Lowe was a rather cut-anddry economist, who prided himself that during his four years of office he took twelve millions off taxation; but later opinion has hardly accepted his removal of the shilling registration duty on corn (1869) as good statesmanship, and his failures are remembered rather than his successes.
It was expected that all who could do so would contribute the penny a week suggested in Bristol, and give a shilling at the renewal of their quarterly ticket.
Some English applications of free trade theory in recent times in the matter of import duties have been pedantic - the abolition of the shilling corn duty in 1869 by Robert Lowe (Lord Sherbrooke) being typical of this pedantry, though it is not the only instance.
Bolivar spent nine-tenths of a splendid patrimony in the service of his country; and although he had for a considerable period unlimited control over the revenues of three countries - Colombia, Peru and Bolivia - he died without a shilling of public money in his possession.
Under the then existing telegraphic tariff the charge in Great Britain was a shilling for a twenty-word message over a distance not exceeding ioo miles; is.
The customer cannot obtain current for electric lighting until he has placed in a slit a certain coin - say, a shilling - entitling him to a certain number of Board-of-Trade units - say, to 2 or 4, as the case may be.
It was, however, a variable unit, for the Kentish shilling contained twenty sceattas (pence), while the Mercian contained only four.
A shilling is token money merely, it is nominally in value the one-twentieth of a pound, but one troy pound of silver is coined into sixty-six shillings, the standard weight of each shilling being 87.27 grains.