This historic book may have numerous typos and missing text.
Purchasers can download a free scanned copy of the original book
(without typos) from the publisher. Not indexed. Not illustrated.
1812 Excerpt: ...If you sell your house or your estate, in " My
intention is, to prove that an ill-con"certed system of credit may
briiif? ruin on a 11a 41 tion, although fraud be out of the
question: and, "if a nation be plunged into all the calamities,
"which a public bankruptcy can occasion, it is -' but a small
consolation to be assured of the good "intentions of those, who
were the cause of it. "On the 27th of Feb. 1720, an arret was
published, "forbidding auy person to keep by thein more "than 500
fivres in coin, (or l20 sterling.) This "was plainly annulling the
obligation in the bunk "paper, to pay to the bearer, on demand, Ike
sum spr"r/icrf, in sih'-r coin. On the 22d of May, a man "might
have starved with a 100 millions of paper "in his pi.cket."
Stewards Political GEcunouiy, Vol. S. p. 164. what coin are you
paid for it? In notes of one kind or other, public or private, no
matter which. These notes are value received to-day, and may be
worth nothing to-morrow; literally nothing. Betweea the Property
Tax invading us on one side, and the circulation of paper, not
convertible into specie, on the other, does any man know what he is
worth, or that he is worth auy thing? But the power of parliament
has interposed to protect the Bank of England from making good the
fundamental conditions, on which they originally obtained, and,
until the year 1797, held their charter. I know it. The legislature
acquits them of their daily promise, still expressed in their
notes, to pay so many pounds sterling on demand; unless the promise
be performed by the exchange of one piece of paper for another. I
know t is an act of power, which cannot be resisted. But is it an
act of justice ) Is the legislature of...
|Country of origin:
Thomas C Hansard
||246 x 189 x 25mm (L x W x T)
||Paperback - Trade
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