Substance of Two Speeches of Henry Thornton, Esq. : in the Debate in the House of Commons, On the Report of the Bullion Committee, On the 7th And 14th of May, 1811 12
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In our eReader you can find the full English version of the book. Read Substance of Two Speeches of Henry Thornton, Esq. : in the Debate in the House of Commons, On the Report of the Bullion Committee, On the 7th And 14th of May, 1811 12 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 Substance of Two Speeches of Henry Thornton, Esq. : in the Debate in the House of Commons, On the Report of the Bullion Committee, On the 7th And 14th of May, 1811 12
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!•: 26 into which the evil which we suffered appeared to resolve itself. But it would be found that there arose also a premium on silver at Paris, and an unfavourable exchange between Paris and the departments of France ; and this was pro- portionate to the expense and trouble of bring- ing back the silver from the departments. There was, therefore, a similarity in the two cases.
The Bank of Paris at length stopped payment; the Government was consulted ; the Bank was directed to reduce its pape...r; and in the course of three months, having pursued this principle, it opened without difficulty. The discount on its paper, or, in other words, the premium on coin, had varied from 1 to 10 or 12 per cent.; but after the reduction of paper it ceased. The exchanges of France with foreign countries had also turned about 10 per cent, against that country.
A special commission, of which M. Dupont de Nemours was the secretary, was subse- quently appointed to inquire into the causes and effects of this stoppage of the Bank of Pa- ris; and it was from the French Report published by this gentleman that he collected the facts ■which he had stated.
What to read after Substance of Two Speeches of Henry Thornton, Esq. : in the Debate in the House of Commons, On the Report of the Bullion Committee, On the 7th And 14th of May, 1811 12?
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To quickly assess the difficulty of the text, read a short excerpt:
!•: 26 into which the evil which we suffered appeared to resolve itself. But it would be found that there arose also a premium on silver at Paris, and an unfavourable exchange between Paris and the departments of France ; and this was pro- portionate to the expense and trouble of bring- ing back the silver from the departments. There was, therefore, a similarity in the two cases.
The Bank of Paris at length stopped payment; the Government was consulted ; the Bank was directed to reduce its pape...r; and in the course of three months, having pursued this principle, it opened without difficulty. The discount on its paper, or, in other words, the premium on coin, had varied from 1 to 10 or 12 per cent.; but after the reduction of paper it ceased. The exchanges of France with foreign countries had also turned about 10 per cent, against that country.
A special commission, of which M. Dupont de Nemours was the secretary, was subse- quently appointed to inquire into the causes and effects of this stoppage of the Bank of Pa- ris; and it was from the French Report published by this gentleman that he collected the facts ■which he had stated.
What to read after Substance of Two Speeches of Henry Thornton, Esq. : in the Debate in the House of Commons, On the Report of the Bullion Committee, On the 7th And 14th of May, 1811 12?
You can find similar books in the "Read Also" column, or choose other free books by Henry Thornton to read onlineMoreLess
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