Plan of Finance for the Reduction of the National Debt And Relief of Prevailing Distress, in a Letter to the Duke of Wellington : With An Appendix Addressed to the British Public 29
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In our eReader you can find the full English version of the book. Read Plan of Finance for the Reduction of the National Debt And Relief of Prevailing Distress, in a Letter to the Duke of Wellington : With An Appendix Addressed to the British Public 29 Online - link to read the book on full screen. Our eReader also allows you to upload and read Pdf, Txt, ePub and fb2 books. In the Mini eReder on the page below you can quickly view all pages of the book - Read Book Plan of Finance for the Reduction of the National Debt And Relief of Prevailing Distress, in a Letter to the Duke of Wellington : With An Appendix Addressed to the British Public 29
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I may, I trust, be permitted to enquire what absolute need we have, of a more extended metallic currency, and that in gold, provided there is a sufficiency in circulation to meet the foreign wants of the country.
Is not a paper circulation, founded upon the security of government and the nation, more suitable to our com- mercial and internal wants than gold, and has it not during the last 30 years become part of our natural system' Indeed it presents to the commercial world a far greater securi...ty than gold, since in case of loss by accident, or by the defection of intermediate agents, or of robbery of Banks, it admits of a chance of stoppage and recovery, which gold does not. If however govern- ment prefer giving a gold circulation to the nation, let us not contemn the measure; but let us then require of it to provide 30 millions per annum in gold, as pay- ments of the national dividends, without interference with the Bank of England — without borrowing of that body against government issues of paper in Exchequer Bills as at present; thereby intercepting the regular 44 wants of the country, and creating the greater part of the perplexity and distress of which the nation so gene- rally complains.
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To quickly assess the difficulty of the text, read a short excerpt:
I may, I trust, be permitted to enquire what absolute need we have, of a more extended metallic currency, and that in gold, provided there is a sufficiency in circulation to meet the foreign wants of the country.
Is not a paper circulation, founded upon the security of government and the nation, more suitable to our com- mercial and internal wants than gold, and has it not during the last 30 years become part of our natural system' Indeed it presents to the commercial world a far greater securi...ty than gold, since in case of loss by accident, or by the defection of intermediate agents, or of robbery of Banks, it admits of a chance of stoppage and recovery, which gold does not. If however govern- ment prefer giving a gold circulation to the nation, let us not contemn the measure; but let us then require of it to provide 30 millions per annum in gold, as pay- ments of the national dividends, without interference with the Bank of England — without borrowing of that body against government issues of paper in Exchequer Bills as at present; thereby intercepting the regular 44 wants of the country, and creating the greater part of the perplexity and distress of which the nation so gene- rally complains.
What to read after Plan of Finance for the Reduction of the National Debt And Relief of Prevailing Distress, in a Letter to the Duke of Wellington : With An Appendix Addressed to the British Public 29?
You can find similar books in the "Read Also" column, or choose other free books by Smith, John, 1580-1631 to read onlineMoreLess
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