The Present Critical State of the Country Developed; Or, an Exhibition of the True Causes of the Calamatious Derangement of the Banking and Commercial System, at the Present Alarming Crisis: Shewing the Essential Distinction Between the Solidity of the Na
The Present Critical State of the Country Developed; Or, an Exhibition of the True Causes of the Calamatious Derangement of the Banking and Commercial System, at the Present Alarming Crisis: Shewing the Essential Distinction Between the Solidity of the Na
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. 1826 Excerpt: ...Interview with the Chancellor of the Exchequer, 21st of February, 1797. The Committee observing, with great uneasiness, the large and constant decrease in the cash, held a particular consultation on that subject this day; and, on examination into the state of the cash since the beginning of this year, they found that ...
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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. 1826 Excerpt: ...Interview with the Chancellor of the Exchequer, 21st of February, 1797. The Committee observing, with great uneasiness, the large and constant decrease in the cash, held a particular consultation on that subject this day; and, on examination into the state of the cash since the beginning of this year, they found that in the course of the month of January there had been a decrease of, and since the beginning of this month a further loss of I., and that the cash was now reduced to between 1. and about I. value in bullion and foreign coin, and about the value of /. in silver bullion. Perceiving also, by the constant calls of the bankers, from all parts of the town for cash, that there must be some extraordinary reasons for this drain, arising probably from the alarms of an expected invasion; the Committee, after maturely considering the matter, resolved to send a notice to the Chancellor of the Exchequer of the situation of matters at the Bank, and to explain exactly to him how the cash is circumstanced, that he may, if possible and proper, strike out some means of alleviating the public alarms, and stopping this apparent disposition in people's minds of having a large deposit of cash in their houses. The Governor, Deputy-Governor, with Mr. Darell and Mr. Bosanquet, were deputed to wait upon Mr. Pitt, who went to him, and after describing to him the anxiety of mind which all the Directors were under on this subject, they explained to Mr. Pitt the exact particulars above-mentioned. Mr. Pitt seemed aware that this unusual drain of cash from the Bank must arise from the alarm of an invasion, which, he observed, was now become much more general than he could think necessary. He said, that by all his informations, he could not learn of any hostile preparatio...
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