The Speech
The Speech
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In our eReader you can find the full English version of the book. Read The Speech 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 The Speech
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? which ordinary dividend of seven per cent, be it noticed, \vas the highest rate of dividend that the Bank ever was enabled to give to its proprietors from the year_1730, down to the passing of the Restric- tion Act ! a period of seventy years, during which we have seen the ordinary Bank dividend as low as six and a half, as low as five and a half, jtfiirf, during eleven years of that period, as low as four and a half per cent. ! Is this, I ask, essential to the public credit of the coun- try?... Or, are we to understand that the market price of bank-stock is the criterion, the stand- ard by which we are to measure the public credit of the country? Why, Sir, we know 65 very well, that bank stock has risen in value, and is, OH this very day, that I have the honour of addressing you, 125 per cent, higher than it was on the average of the whole year 1797, not- withstanding that, since that year, the Bank has distributed amongst its proprietors upwards of seven millions of money, in addition to its ordinary dividend of seven per cent.
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You can find similar books in the "Read Also" column, or choose other free books by Pascoe Grenfell to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
? which ordinary dividend of seven per cent, be it noticed, \vas the highest rate of dividend that the Bank ever was enabled to give to its proprietors from the year_1730, down to the passing of the Restric- tion Act ! a period of seventy years, during which we have seen the ordinary Bank dividend as low as six and a half, as low as five and a half, jtfiirf, during eleven years of that period, as low as four and a half per cent. ! Is this, I ask, essential to the public credit of the coun- try?... Or, are we to understand that the market price of bank-stock is the criterion, the stand- ard by which we are to measure the public credit of the country? Why, Sir, we know 65 very well, that bank stock has risen in value, and is, OH this very day, that I have the honour of addressing you, 125 per cent, higher than it was on the average of the whole year 1797, not- withstanding that, since that year, the Bank has distributed amongst its proprietors upwards of seven millions of money, in addition to its ordinary dividend of seven per cent.
What to read after The Speech?
You can find similar books in the "Read Also" column, or choose other free books by Pascoe Grenfell to read onlineMoreLess
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