Tracts And Other Publications On Metallic And Paper Currency
Tracts And Other Publications On Metallic And Paper Currency
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He has taken, as the ground of defence, that they do not conform to the* fluctuations of bullion in the management of their issues, because, it is not their interest to do so ; and further, because, if it was their interest to do so, it would not be possible for them to do so. The passages are not very long, and I will take the liberty to read them; I refer to this pamphlet, because the writer of it, whose name is not given, is well known for the just merit of many of his other works*, and ther...efore it is a fair test to take ; the first passage is at page 55 of his pamphlet ; — ^* When we speak of the Bank of England, or any other bank, and insist that its circulation and its bullion shall vary by equal increments and decrements, we lay down a precise and unambiguous principle, the observance and neglect of which, whether it is in itself just or not, are easily perceived and exactly measurable; but when we insist that the country banks shall make their issues vary with the variations in the quantity of bullion held by a bank in London, we prescribe a rule to which no definite mean- • Mr.
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To quickly assess the difficulty of the text, read a short excerpt:
He has taken, as the ground of defence, that they do not conform to the* fluctuations of bullion in the management of their issues, because, it is not their interest to do so ; and further, because, if it was their interest to do so, it would not be possible for them to do so. The passages are not very long, and I will take the liberty to read them; I refer to this pamphlet, because the writer of it, whose name is not given, is well known for the just merit of many of his other works*, and ther...efore it is a fair test to take ; the first passage is at page 55 of his pamphlet ; — ^* When we speak of the Bank of England, or any other bank, and insist that its circulation and its bullion shall vary by equal increments and decrements, we lay down a precise and unambiguous principle, the observance and neglect of which, whether it is in itself just or not, are easily perceived and exactly measurable; but when we insist that the country banks shall make their issues vary with the variations in the quantity of bullion held by a bank in London, we prescribe a rule to which no definite mean- • Mr.
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 Baron Samuel Jones Loyd Overstone to read onlineMoreLess
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