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Gresham's Letters on the Solidity of Commercial Bills, and English Bank Notes (Classic Reprint): Together With Two Letters to the Bank Directors, on the Necessity of Establishing a Board of Controul - Couverture souple

Gresham, John

 
9781334472800: Gresham's Letters on the Solidity of Commercial Bills, and English Bank Notes (Classic Reprint): Together With Two Letters to the Bank Directors, on the Necessity of Establishing a Board of Controul

Synopsis

Explore a provocative 1796 treatise on bank notes, credit, and public finance that argues for the solidity of commercial paper and the need for oversight of the Bank of England.


This volume presents a sustained argument about how private paper, accommodation bills, and merchant credit shape national finance. It discusses why fictitious and real bills can both carry value, how credit depends on public confidence, and why gold and silver shortages might not trigger a run on the bank. It also calls for stronger governance of banking power to protect the nation’s economic system.



  • Clear explanations of accommodation vs. real transactions and their impact on trust in paper money.

  • Arguments about the durability of credit, and how bills circulate in relation to the broader economy.

  • Insights into the imagined effects of a financial crisis and the role of the Bank in supporting commerce.

  • A provocative call for a board of control to oversee banking power, rooted in constitutional comparisons.


Ideal for readers interested in the history of banking, early financial theory, and debates about national credit and regulation.

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