Money Should Be the Servant of the People Not Their Master a Letter to William
Money Should Be the Servant of the People Not Their Master a Letter to William
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In our eReader you can find the full English version of the book. Read Money Should Be the Servant of the People Not Their Master a Letter to William Online - link to read the book on full screen. Our eReader also allows you to upload and read Pdf, Txt, ePub and fb2 books. In the Mini eReder on the page below you can quickly view all pages of the book - Read Book Money Should Be the Servant of the People Not Their Master a Letter to William
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The Prussian system attains the same object by other means ; but as the power to increase the " treasure notes " is with the government, and the obligation to provide the 30 specie for them with the people, the system is too limited, and, in the hands of an unscrnfulous ministry, too liable to be abused, to suit the cautious policy of this nation. The object is also to be attained by another plan. Let par- liament sanction the issue of Exchequer notes to a given amount, say half the amount of t...he annual revenue, but twenty or even fifteen mil- lions would probably be sufficient. Let these Exchequer notes be made a legal tender. Instead of the government paying interest, let the bank be charged a small rate of interest for the use of them. This she could well afford to pay, as such Exchequer notes would be more efficient to the bank than a hoai^d of gold, in stopping any unnatural demand which might be made upon her. The chief objection to such a plan would be, that for these Exchequer notes there could be no parties under an obligation to provide gold in exchange ; they would therefore be lessjixed in their gold value, than bank notes would be under the plan proposed in the enclosed petition.
What to read after Money Should Be the Servant of the People Not Their Master a Letter to William?
You can find similar books in the "Read Also" column, or choose other free books by James Taylor to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
The Prussian system attains the same object by other means ; but as the power to increase the " treasure notes " is with the government, and the obligation to provide the 30 specie for them with the people, the system is too limited, and, in the hands of an unscrnfulous ministry, too liable to be abused, to suit the cautious policy of this nation. The object is also to be attained by another plan. Let par- liament sanction the issue of Exchequer notes to a given amount, say half the amount of t...he annual revenue, but twenty or even fifteen mil- lions would probably be sufficient. Let these Exchequer notes be made a legal tender. Instead of the government paying interest, let the bank be charged a small rate of interest for the use of them. This she could well afford to pay, as such Exchequer notes would be more efficient to the bank than a hoai^d of gold, in stopping any unnatural demand which might be made upon her. The chief objection to such a plan would be, that for these Exchequer notes there could be no parties under an obligation to provide gold in exchange ; they would therefore be lessjixed in their gold value, than bank notes would be under the plan proposed in the enclosed petition.
What to read after Money Should Be the Servant of the People Not Their Master a Letter to William?
You can find similar books in the "Read Also" column, or choose other free books by James Taylor to read onlineMoreLess
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