Tracts And Other Publications On Metallic And Paper Currency
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To quickly assess the difficulty of the text, read a short excerpt:
Yours, &c. , MERCATOR.
10th January, 1850.
LETTER IV.
SIR, Permit me, through your columns, to make one more effort to clear away the mists and obscurity which have been thrown around the question of the Bank Char- ter Act, and its effect upon the present state of our bul- 332 LETTERS ON THE lion reserves and of commercial credit. The subject is not in itself intricate or obscure ; the public will find it to be simple and easily intelligible, if they will only believe it to be so, and will appr...oach it free from all passionate feelings, and from that impression of mystery which creates the evil it dreads.
The Act of 1844 was passed as a complement to the Act of 1819.
Its purpose was to secure effectually the maintenance of cash payments, by rendering the absolute exhaustion of the bullion impossible.
It had direct reference only to the safety of the mone- tary system.
By its effects in this respect the success or failure of the Act must be tested.
The effect of the Act upon credit and speculation is incidental only.
What to read after Tracts And Other Publications On Metallic And Paper Currency?
You can find similar books in the "Read Also" column, or choose other free books by Samuel Jones Loyd Overstone to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
Yours, &c. , MERCATOR.
10th January, 1850.
LETTER IV.
SIR, Permit me, through your columns, to make one more effort to clear away the mists and obscurity which have been thrown around the question of the Bank Char- ter Act, and its effect upon the present state of our bul- 332 LETTERS ON THE lion reserves and of commercial credit. The subject is not in itself intricate or obscure ; the public will find it to be simple and easily intelligible, if they will only believe it to be so, and will appr...oach it free from all passionate feelings, and from that impression of mystery which creates the evil it dreads.
The Act of 1844 was passed as a complement to the Act of 1819.
Its purpose was to secure effectually the maintenance of cash payments, by rendering the absolute exhaustion of the bullion impossible.
It had direct reference only to the safety of the mone- tary system.
By its effects in this respect the success or failure of the Act must be tested.
The effect of the Act upon credit and speculation is incidental only.
What to read after Tracts And Other Publications On Metallic And Paper Currency?
You can find similar books in the "Read Also" column, or choose other free books by Samuel Jones Loyd Overstone to read onlineMoreLess
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