Paper Against Gold, or the Mystery of the Bank of England of the Debt (Classic Reprint)
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| Versand: | 0.00 EUR Versandkostenfrei innerhalb von Deutschland |
| Partner: | buecher.de |
| Hersteller: | Forgotten Books (Cobbett, William) |
| Stand: | 2015-08-04 03:50:33 |
Produktbeschreibung
Excerpt from Paper Against Gold, or the Mystery of the Bank of England of the Debt This Committee, which ought to have been called the Paper-Committee, was called the Bullion-Committee, having for its Chairman one Horner, a Scotch lawyer. After immense volumes of "evidence" taken down and published at the public expense, this Committee reported to the House that the banknotes were depreciated, and that, in order to prevent future fatal consequences, a law ought to be passed to compel the Bank to pay in gold at the end of two years from that time. The Ministry contended, that the bank notes were not depreciated, and that the notes could, at any time, be paid in gold, but that, during war, the proposed measure was inexpedient. I contended, that both sides were totally ignorant on the subject; and that the bank notes, without a great reduction of the interest of the debt, and of all other out-goings, never could be paid in gold, without plunging the country into ruin. To prove this opinion to be correct, and to show that I understood more of the matter than both sides of the House put together, I wrote and published this book, with an avowed intention, too, of having it to produce, when time should have verified its doctrines, and when the sufferings of the nation should have disposed it to listen to truth and reason. The time is come, the doctrines have been verified, the sufferings have taken place; and, therefore, here is the book. 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.
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