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. 1895 Excerpt: ...the ears of the British public as one of overwhelming importance is, at this moment, the main consideration of those financiers who still cling to Sir Robert Peel's colossal blunder. This one object was a stable 'currency.' That such a desideratum should be made to go before every other consideration may be excusable ...
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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. 1895 Excerpt: ...the ears of the British public as one of overwhelming importance is, at this moment, the main consideration of those financiers who still cling to Sir Robert Peel's colossal blunder. This one object was a stable 'currency.' That such a desideratum should be made to go before every other consideration may be excusable in view of all the 'currency' miseries prevalent in many other countries. Despite this, the anxiety about the stolidity of the 'currency' must always to the logical mind appear intensely ridiculous, simply because there is no such thing as currency, ' and if we choose to call gold 'currency,"' government could not find any better way of keeping it stable than by leaving it alone; or, if the government is entrusted with the coinage, of carrying it out as fairly and honestly as has been done during the last half century. To allow a certain quantity of gold to represent the same quantity of gold is the wonderful secret of keeping the 'currency' stable! All that can be said, then, in defence of Peel's Bank Act is that, while it produces an untold amount of evil in the country, there are still some evils that it has not produced. A glance at the consequences of the Bank Act will make this clear. The leading feature of the Act is practically to give to the Bank of England the monopoly of note-issuing in this country. It did not deprive those country banks of their issuing right, which in 1844 had an established notecirculation. But it bound them down not to increase their circulation, and prohibited any other bank or firm from issuing notes. At the same time the note-issuing of the Bank of England was divided into two classes, though the same form of some notes is used for both, namely the fiduciary notes and those issued against gold deposits. T...
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Add this copy of The Coming Individualism (1895) to cart. $62.67, new condition, Sold by Media Smart rated 4.0 out of 5 stars, ships from Hawthorne, CA, UNITED STATES.
Add this copy of The Coming Individualism to cart. $70.74, good condition, Sold by Bonita rated 4.0 out of 5 stars, ships from Newport Coast, CA, UNITED STATES, published 2016 by Wentworth Press.
Add this copy of The Coming Individualism to cart. $70.74, good condition, Sold by Bonita rated 4.0 out of 5 stars, ships from Newport Coast, CA, UNITED STATES, published 2016 by Palala Press.
