The Political Life of the Right Honourable Sir Robert Peel, Bart. .. 1
The Political Life of the Right Honourable Sir Robert Peel, Bart. .. 1
Thomas Doubleday
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30th June 1813. Above £5, . . £16,138,590 Under £5, . . 7,807,600 £23,946,190 30th June 1814. Above £5, . . £17,237,670 Under £5, . . 8,626,600 £25,864,270 30th June 1815. Above £5, . . £17,936,610 Under £5, . . 9,076,830 £27,013,440 30th June 1816. Above £5, . . £17,311,280 Under £5, . . 9,051,960 £26,363,240 30th June 1817. Above £5, . . £19,645,180 Under £5, . . 7,896,020 £27,541,200 30th June 1818. Above £5, . . £20,113,410 Under £5, . . 7,379,930 £27,493,840 The striking feature of the abo...ve is the decrease of notes under £5 after the panic of 1816. The "large issue of gold," of which Mr Peel speaks, never circulated, but was in a short tune either sent to the Continent, or melted into bullion and sold. MB Gladstone's evidence. 199 of 1817, £29,000,000, together with a large issue of gold. At that period trade revived, and importations were made from all parts of the world. Many were deceived by a nominal profit, which in trnth'resolved itself into an excess of currency, and the same scenes of distress and embarrassment were soon renewed.
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