A Letter to D Ricardo Esq Containing An Analysis of His Pamphlet On the Depr
A Letter to D Ricardo Esq Containing An Analysis of His Pamphlet On the Depr
Alexander Crombie
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Accuracy requires, that we should tither bay that the guinea has lost one fifth of its former intrinsic value, or th t the price of bullion is one fourth higher than th vr. Lue of the guinea, the latter being that, from which the compu- i?. Tion is drawn. If a man buys goods at 100/. And sells them at - "/. , we do not say that he gains 4 but |, the selling price being 1 Sec Mr. Vansittart's speech. Depreciation of iBaftk Notes. , 545 A above the purchase money. This remark may appear immateria...l and captious ; but in all discussions of this nature, the strictest accuracy of expression is requisite, because it serves to prevent misconception and error. You proceed. " Forty-four guineas and a half (the number of guineas weighing a pound, and therefore called the mint price, ) would no longer weigh a pound, therefore a fifth more than that quantity, or about 567. Would be the price of a pound of gold : and the difference between the market and the mint price, between u7. And 4-67. 14s. 6d.
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