A Treatise on Coins, Currency, and Banking, Vol. 2: With Observations on the Bank Act of 1844 and on the Reports of the Committees on the House of ... of Commons on the Bank Acts (Classic Reprint) - Tapa blanda

Excerpt from A Treatise on Coins, Currency, and Banking, Vol. 2: With Observations on the Bank Act of 1844 and on the Reports of the Committees on the House of Lords and of the House of Commons on the Bank Acts

Since these reports were made, a Committee of the House of Commons sat in the last session of Parlia ment on the same subject, and which has been reap pointed to carry on the inquiry in the present Session, and also to inquire into the causes of the commercial distress of 1857. This Committee made a report of the evidence given before them in the last Session, and is still sitting. On these reports and on the evidence I have made some observations, with an epitome of the report of the House of Lords.

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Excerpt from A Treatise on Coins, Currency, and Banking, Vol. 2: With Observations on the Bank Act of 1844 and on the Reports of the Committees on the House of Lords and of the House of Commons on the Bank Acts

Sir Robert Peel observed, when he introduced the Bank Bill of 1844, that, in the opinion of Her Majesty's Government, "Inquiry had been exhausted."

Since the passing of that Act, the subject of the Currency has been much discussed. A Committee of the House of Lords and a Committee of the House of Commons have made valuable reports on the commercial distress of 1847, which was supposed by many to be closely connected with the system of Banking introduced by Sir Robert Peel's Bill: the witnesses are not agreed upon the influence which the Bank of England may have had in producing or aggravating that distress, nor are the Committees agreed upon any remedial measures - the Committee of the House of Commons recommending no alteration in the Act.

About the Publisher

Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com

This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.