The Bank Of England Note Issue And Its Error: An Address To The Holders Of Bank Of England Stock, And To Bankers And Economists Generally (1874) - Tapa dura
Reseña del editor
This scarce antiquarian book is a facsimile reprint of the original. Due to its age, it may contain imperfections such as marks, notations, marginalia and flawed pages. Because we believe this work is culturally important, we have made it available as part of our commitment for protecting, preserving, and promoting the world's literature in affordable, high quality, modern editions that are true to the original work.
Reseña del editor
Next to the painful task of writing a book on the Controversy of theB ank of England, comes the task of reading it. This is one of the difficulties of which the swarm of authors seem aware, who, ever since 1844, have inundated us with hundreds of short pamphlets and press articles, forming, in the aggregate, a mass of literature of the most extraordinary kind. The differences of opinions expressed in these short, firmtoned, and authoritative pamphlets, range from unlimited right of issue of Bank-notes, to be given, not only to all Banks and merchants, but to everybody, to the total abolition of all Bank-notes, including those of theB ank of England. Within these extremes come classes of opinions advocating the issue of notes by Banks and Bankers only, some without, others with restrictions, and requirements of capital say, one million cash are laid down, which shall entitle aB ank orB anker to issue notes. Occasionally the proposal is made :let Banks and Bankers issue notes only in times of crises and panics. Others boldly recommend the American Bank-note system. More reasonable authors seek to reform theB ank of England system itself, and call for an extension of its issue, or advocate the issue of a kind of Exchequer Bill to help us over a crisis. In each of the many sub-divisions of opinions on theB ank of England system there are again many dissentients on points of detail, which happen to turn uppermost for the moment. The whole mass of suggestions, not to speak of the heavy parliamentary blue-books on Koyal Commissions Enquiries, has hitherto had no result it leaves us as we were.
(Typographical errors above are due to OCR software and don't occur in the book.)
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