The Paper Currency of England Dispassionately Considered With Suggestions Towards a Practical Solution of the Difficulty

In this respect, as in the preceding, the English monetary system presents the spectacle of a very wide departure from principle. For not only are the profits derivable from the...

Now in this most important particular the superiority of our proposed measures over the present system must be at once apparent. It is unquestionable that the Bank of England co...

We have just seen that the amount of gold employed in the currency, cannot be estimated under £40,000,000. Now the average portion of this gold which is retained in the Bank, an...

The case of a drain arising out of military expenditure presents no peculiar feature of difficulty, as compared with the preceding. Should the loss of gold continue to the exten...

and in like manner in 1861 the number of notes allowed to be issued at the medium rate, would be £7,000,000; and so on until, in 1865, the medium rate would reach its permanent...

The following pamphlet was designed for insertion in a periodical devoted to industrial and commercial purposes, which was to have appeared on the 1st of January. As owing to un...

There is one conclusion, however, as we have already observed, on which a large majority of the highest authorities, scientific and practical, are fully agreed, viz., that the p...