Opinions As to the Real State of the Nation With Strictures On a Pamphlet Inti
Opinions As to the Real State of the Nation With Strictures On a Pamphlet Inti
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Let them again ad- vance, and the issue of the circulating medium will meet their demands. J may be told, that it is not so much the return from a paper to a metallic currency, as the suddenness of it, which has created the mischief, in reply, { must again refer to the state of the Bank issues in 18 19- Gold for the three previous years had averaged about 4/. Per oz. ; now, without acceding to the doctrine that the Bank issues regulated the price of gold, or the price of gold affected the amoun...t of the Bank issues ; it so happened, that an approach of gold to the mint price (by which our coin is regu- lated) had arrived to within four per cent. If tlierefore there was any connection, the Bank note of one hundred pounds would at least purchase ninety-six pounds worth of bullion. And can the difficulty of the agricultural interest be attributed to a difference of value or of depreciation, so slight as four per cent. ? Does the success of agriculture, its florishing or despond- ing state, depend upon such a thread ?
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To quickly assess the difficulty of the text, read a short excerpt:
Let them again ad- vance, and the issue of the circulating medium will meet their demands. J may be told, that it is not so much the return from a paper to a metallic currency, as the suddenness of it, which has created the mischief, in reply, { must again refer to the state of the Bank issues in 18 19- Gold for the three previous years had averaged about 4/. Per oz. ; now, without acceding to the doctrine that the Bank issues regulated the price of gold, or the price of gold affected the amoun...t of the Bank issues ; it so happened, that an approach of gold to the mint price (by which our coin is regu- lated) had arrived to within four per cent. If tlierefore there was any connection, the Bank note of one hundred pounds would at least purchase ninety-six pounds worth of bullion. And can the difficulty of the agricultural interest be attributed to a difference of value or of depreciation, so slight as four per cent. ? Does the success of agriculture, its florishing or despond- ing state, depend upon such a thread ?
What to read after Opinions As to the Real State of the Nation With Strictures On a Pamphlet Inti?
You can find similar books in the "Read Also" column, or choose other free books by Ghost of the Marquess of Londonderry to read onlineMoreLess
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