Philip's bimetallic system, which had attempted artificially to fix the value of silver in spite of the great depreciation of gold consequent upon the working of the Pangaean mines, was abandoned.
His first publication (1809) was The High Price of Bullion a Proof of the Depreciation of Bank Notes.
The depreciation and unstable character of the paper currency render it difficult to give a clear statement of receipts and expenditures for a term of years, the sterling equivalents often showing a decrease, through a fall in the value of the milreis, where there has been an actual increase in currency returns.
To provide for the repayment from earnings of the capital invested in a mining property and expended in development, and to provide for the depreciation in value of the plant and equipment, an amortization fund must be accumulated during the life of the mine; or, if it be desired to continue the business of mining elsewhere, a similar fund must be created for the purchase, development and equipment of a new property to take the place of the original deposit when that shall be exhausted.
His pension was continued by the National Assembly, and he was partially indemnified for the depreciation of the currency by remunerative appointments.
Campbell (1768-1848), whose brief and disastrous term had been marked by wholesale bank suspensions, and an enormous depreciation of state and national bank notes.
A similar tone of exaggerated depreciation of the Massoretic Hebrew text, coloured by polemical bias against Protestantism, mars his greatest work, the posthumous Exercitationes biblicae de hebraeici graecique textus sinceritate (1660), in which, following in the footsteps of Cappellus, but with incomparably greater learning, he brings irrefragable arguments against the then current theory of the absolute integrity of the Hebrew text and the antiquity of the vowel points.
Through the rapid depreciation of Argentine credit, the great firm of Baring Brothers, the financial agents of the government in London, became so heavily involved that they were forced into liquidation, November 1890.
His influence, which grew during the 18th century in spite of the depreciation of Dr Johnson, has shared in the eclipse of the Queen Anne wits which began about the time of Jeffrey.
In financial matters Colombia is known abroad chiefly through repeated defaults in meeting her bonded indebtedness, and through the extraordinary depreciation of her paper currency.