A Letter to the Right Hon. Robert Peel On the Report of the Bank Committee : Showing the Unavoidable Consequences of the Measure On the Issues of Country Bankers 18
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In regard to their prudence, intelligence, and honour, in discharging a public trust, the best illustration is the fact, that though entrusted by cii'cumstances with most extraordinary power, that power has rarely (looking at the numbers) been exercised in dangerous individual specula- tions. Of late years, however, the minds of this important class of men have been unusually agi- tated with apprehension as to the issue of public events upon their own property. Their business, in its nature ext...ensive, must of course be exten- sively acted upon by every change which affects the value of property. The late sudden transi- tions in prices induced additional circumspection; and, previous to the report pi the committee, a very general determination to contract their busi- c 12 ness had been acted upon by country bankers.
The increased force which that report must give to such a determination, 1 need not describe.
It will oblige all the cautious country-bankers to cut down the amount of their circulation to the lowest possible standard.
What to read after A Letter to the Right Hon. Robert Peel On the Report of the Bank Committee : Showing the Unavoidable Consequences of the Measure On the Issues of Country Bankers 18?
You can find similar books in the "Read Also" column, or choose other free books by Robert Peel to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
In regard to their prudence, intelligence, and honour, in discharging a public trust, the best illustration is the fact, that though entrusted by cii'cumstances with most extraordinary power, that power has rarely (looking at the numbers) been exercised in dangerous individual specula- tions. Of late years, however, the minds of this important class of men have been unusually agi- tated with apprehension as to the issue of public events upon their own property. Their business, in its nature ext...ensive, must of course be exten- sively acted upon by every change which affects the value of property. The late sudden transi- tions in prices induced additional circumspection; and, previous to the report pi the committee, a very general determination to contract their busi- c 12 ness had been acted upon by country bankers.
The increased force which that report must give to such a determination, 1 need not describe.
It will oblige all the cautious country-bankers to cut down the amount of their circulation to the lowest possible standard.
What to read after A Letter to the Right Hon. Robert Peel On the Report of the Bank Committee : Showing the Unavoidable Consequences of the Measure On the Issues of Country Bankers 18?
You can find similar books in the "Read Also" column, or choose other free books by Robert Peel to read onlineMoreLess
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