Observations On Currency Population And Pauperism in Two Letters to Arthur Y

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Observations On Currency Population And Pauperism in Two Letters to Arthur Y
Attwood, Thomas, 1783-1856
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There would surely be no breach of the national faith in giving them the option also of re- ceiving the new guineas and sovereigns at the new current value. If they should not choose to receive them, they may still be at liberty to receive the bank notes, or they may keep their stock in their own hands, if they can mend themselves by so do- ing. I suppose, however, that they would none of them make any difficulties in this . Respect. The stockholders are a set of practical men^ matter of fact m...en, or such as Shakespeare calls " weekday men/' It is not likely that these kind of men would find any great difference between the new coins and the old ones, or between the new ones and the banknotes ; and if they are willing to re- ceive the latter because the latter answer all the purposes for which they want them, it is likely that, for the same simple reason, they would be 164 equally willing to receive the new coins at the new current value, notwithstanding they might not contain bo much gold as formerly, and notwith- standing any fine-spun sophistical reasoning, by which theorists and schoolmen might attempt to argue them out of the use of their senses.

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