The Parliamentary Debates
The Parliamentary Debates
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Bathgate, which was to establish a State bank of issue, and the passing of which would obviate the necessity of passing this Bill.
Mr. FISHER would have thought that this was about the last Bill in the world to which it would be possible to impart the '* working-man" Ehase ; but, since that phase of the matter had een raised, it might be serviceable to refer to the testimony which recent experience in other oolonies had supplied. About a year and a half ago he happened to be travelling through ...the Colonies of Victoria and New South Wales — that being about the time of the failure of the Oriental Bank — and he was in a position to state that the amount of distress caused by that failure among the working-classes of those two colonies could hardly be sufficiently ap- preciated. Tor every individual who lost from £1,000 to £5,000, there were at least fifty who lost amounts of £5, £10, £15, and £20. It would be apparent, therefore, that that failure caused a great amount of misery and distress among the poorer classes in those colonies, and created, indeed, in the working-classes such a strong aversion to taking payment in bank-notes that many, and especially the miners of Sandhurst and Ballarat, refused to take bank-notes for wa^jges, and insisted every Saturday on being paid in gold.
What to read after The Parliamentary Debates?
You can find similar books in the "Read Also" column, or choose other free books by Great Britain. Parliament. House of Lords to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
Bathgate, which was to establish a State bank of issue, and the passing of which would obviate the necessity of passing this Bill.
Mr. FISHER would have thought that this was about the last Bill in the world to which it would be possible to impart the '* working-man" Ehase ; but, since that phase of the matter had een raised, it might be serviceable to refer to the testimony which recent experience in other oolonies had supplied. About a year and a half ago he happened to be travelling through ...the Colonies of Victoria and New South Wales — that being about the time of the failure of the Oriental Bank — and he was in a position to state that the amount of distress caused by that failure among the working-classes of those two colonies could hardly be sufficiently ap- preciated. Tor every individual who lost from £1,000 to £5,000, there were at least fifty who lost amounts of £5, £10, £15, and £20. It would be apparent, therefore, that that failure caused a great amount of misery and distress among the poorer classes in those colonies, and created, indeed, in the working-classes such a strong aversion to taking payment in bank-notes that many, and especially the miners of Sandhurst and Ballarat, refused to take bank-notes for wa^jges, and insisted every Saturday on being paid in gold.
What to read after The Parliamentary Debates?
You can find similar books in the "Read Also" column, or choose other free books by Great Britain. Parliament. House of Lords to read onlineMoreLess
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