Observations On the Necessity for Instituting An Auxiliary Standard in the Shape of a Mint Paper Coin : to Be Granted the Use of On Deposits Made With the Crown, to Secure Its Sterling Value 34

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Temerity in risking the distresses, and laying ourselves open to the incendiarisms, that have taken place, from the poverty brought upon the Treasury, by the retrograde act, and from the con- sequent comparative want of employment, brought upon the people; — and presumption, in limiting by an arbitrary and unjust law, (whilst unaccom- panied by the institution, of an auxiliary mint paper coin,) the amount of capital in gross, to be repre- sented — the Bank of England's property — out of which w
...as to be furnished, all the standard money wanted, to supply the place of the substitutes, for the whole country.
Mr. Fox's conduct when in power afterwards, was equally entitled to be thought of, as an ex- ample what to follow in our dilemma, as Mr. Pitt's; for unmindful of his former opposition, when he practically found that the general law, was neces- sary to be continued for the public welfare, he adopted it without hesitation, and never thought of returning to the individual and bye-law manage- ment, throughout his administration, — both those great statesmen, gave the same reason to believe by 56 their actions, when in office — had they lived after the peace — that their whole attention would have been turned, how to have ap])lied a general law for finding the use of gold standard money — as adopt- ed by themselves for finding the substitutes.


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