Synopsis
The digital edition of all books may be viewed on our website before purchase. Excerpt from An Address to the Public on the Plan Proposed by the Secret Committee of the House of Commons for Examining the Affairs of the Bank
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Présentation de l'éditeur
Sr A I I Hi IE I RECENTLY published a short Tract, which is annexed, with a view to rectify some manifest errors, by which the public mind is deluded, mrespect to the great question of our domestic Currency. I therein described the true nature o Fthe standard of our gold coin, tinder the law and the royal prerogative. I prosed, that the rise in the price of Gold could not be attributed to an excess of Bank Notes in circulation ;as the amount ofour circulation was extremely deficient in comparison with the proportional circulation before the war. I suggested, that the increased price of Gold Bullion, as the increased price of all other commodities, arose from our augmented taxation. I demonstratedy that any reduction of the quantity of our currency; by increasing its value, would proportionally increase the value and the pressure of our taxes, and thereby prevent any decrease of prices, which such a measure might seem to promise.
(Typographical errors above are due to OCR software and don't occur in the book.)
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