Some Observations Upon the Argument Drawn By Mr Huskisson And Thebullion Commit
Some Observations Upon the Argument Drawn By Mr Huskisson And Thebullion Commit
William Scott
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Newland said, as high as 2/. I6s. For a pound of gold, which was in fact pre- cisely the same thing as 467. 145. 6d. , in the same currency, under a different name ! On the other hand, the Legislature is made to appear no less absurd than the Bank, by this universal identity, of a given quantity of coined and uncoined metal, as it is assert- ed by Mr. Huskisson. The act of the gSth of the King (which revived the i^th of the King, for limiting silver by tale, as a legal tender, to 25/. Which had... expired in 1784), contains the following provision : " And whereas, from the present low price of silver bullion, owing to temporary circum- stances, a small quantity of silver bullion has been brought to the Mint to be coined, and there is reason to suppose that a still greater quantity may be brought, and it is therefore necessary to suspend the coining of silver for the present : be it therefore enacted, that from and after the passing of this act, no silver bullion shall be coined at the Mint, nor shall any silver coin that may have been coined there be delivered.
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