A Third Letter to the Editor of the Edinburgh Weekly Journal On the Proposed C
A Third Letter to the Editor of the Edinburgh Weekly Journal On the Proposed C
Walter Scott
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I answer, in one word, the gold will come, if purchased, and NOT otherwise. The expense attending the operation will be just a tax upon the parties who pay it, with this difference, that it makes no addition to the public revenue. Every sove- reign we get, which passes of course for twenty shillings, will, before it gets to the north of Scot- land, have cost orae-aiid-twenty. Illustrations of so plain a proposition are endless. Suppose Go- vernment had imposed a stamp-duty upon any commodity, a...nd, whilst with some other cowl'd 22 THE CURRENCY. neighbours I am canvassing its effects, I ask, as a party concerned, " But how are we to come by these stamps ? The branch of commerce to which they apply is not able to bear the impost. " Up rises my friend Chrysal in reply " Stamp- ed paper, " says he, " is a commodity ; and, like all commodities, flows to the point where there is a demand. " True but, unhappily, when the stamp-paper is in bodily presence, I cannot have a slip of it till I pay the impost ; and if my trade does not enable me to do so, I must give it up, or be a ruined man !
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