The Outline of a Plan for Bringing the Scotch And English Currency to the Same Standard Bullion Value, And Producing a Sterling Country Bank Note of Exchangeable Value, Convertible in Every Place to Gold Coin 24
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In our eReader you can find the full English version of the book. Read The Outline of a Plan for Bringing the Scotch And English Currency to the Same Standard Bullion Value, And Producing a Sterling Country Bank Note of Exchangeable Value, Convertible in Every Place to Gold Coin 24 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 The Outline of a Plan for Bringing the Scotch And English Currency to the Same Standard Bullion Value, And Producing a Sterling Country Bank Note of Exchangeable Value, Convertible in Every Place to Gold Coin 24
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Withdraw the currency, and in exactly the pro- portion you do so, you have idleness, and riots, and disasters of every description ; the act of 1819 was not prospective in preventing such occurrences.
This is the first negative, or circumstantial evi- dence, the writer has to produce, of the indirect effect the bill of 1819 has had to reduce the quan- tity of country bank currency; and it can only be met by an addition to the bill, pointing out to the country banker, how he is to get gold coin ...for his own notes, and increase his capital, so as to allow of his former amount of circulation.
The next evidence to the same effect is, the reduction of the currency previous to the bank- ruptcies. The committee of the lower house on the Scotch banks, eloquently set forth the utility of the Scotch system of banking, as " admirably calculated, in their opinion, to excite and cherish a useful spirit of enterprise," and they give this 46 THE BILL OF THE as a reason for not lightly, " incurring the risk of deranging it for any cause whatever." They, the members of the committee, therefore, having so given in evidence, that the existing quantity of currency, was necessary to the excitement of their present enterprise in trade, in Scotland, cannot turn round and say, it may be so there, but in England, and for English enterprise, the existing quantity of currency in 1819, was not necessary by 16,000,000, or any other quantity.
What to read after The Outline of a Plan for Bringing the Scotch And English Currency to the Same Standard Bullion Value, And Producing a Sterling Country Bank Note of Exchangeable Value, Convertible in Every Place to Gold Coin 24?
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To quickly assess the difficulty of the text, read a short excerpt:
Withdraw the currency, and in exactly the pro- portion you do so, you have idleness, and riots, and disasters of every description ; the act of 1819 was not prospective in preventing such occurrences.
This is the first negative, or circumstantial evi- dence, the writer has to produce, of the indirect effect the bill of 1819 has had to reduce the quan- tity of country bank currency; and it can only be met by an addition to the bill, pointing out to the country banker, how he is to get gold coin ...for his own notes, and increase his capital, so as to allow of his former amount of circulation.
The next evidence to the same effect is, the reduction of the currency previous to the bank- ruptcies. The committee of the lower house on the Scotch banks, eloquently set forth the utility of the Scotch system of banking, as " admirably calculated, in their opinion, to excite and cherish a useful spirit of enterprise," and they give this 46 THE BILL OF THE as a reason for not lightly, " incurring the risk of deranging it for any cause whatever." They, the members of the committee, therefore, having so given in evidence, that the existing quantity of currency, was necessary to the excitement of their present enterprise in trade, in Scotland, cannot turn round and say, it may be so there, but in England, and for English enterprise, the existing quantity of currency in 1819, was not necessary by 16,000,000, or any other quantity.
What to read after The Outline of a Plan for Bringing the Scotch And English Currency to the Same Standard Bullion Value, And Producing a Sterling Country Bank Note of Exchangeable Value, Convertible in Every Place to Gold Coin 24?
You can find similar books in the "Read Also" column, or choose other free books by Moore, Richard, 1810-1878 to read onlineMoreLess
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