Proposals for an economical and secure currency

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第 82 頁 - ... the common capital, and principal stock, of the said governor and company of the Bank of England.
第 24 頁 - ... by subjecting the Bank to the delivery of uncoined gold or silver at the mint standard and price, in exchange for their notes, instead of the delivery of guineas ; by which means paper would never fall below the value of bullion without being followed by a reduction of its quantity. To prevent the rise of paper above the value of bullion, the Bank should be also obliged to give their paper in exchange for standard gold at the price of £'d 17s.
第 56 頁 - That by the 39 and 40 Geo. III. cap. 28, sec. 13, it is enacted, that during the continuance of the charter, the Bank shall enjoy all privileges, profits, emoluments, benefits, and advantages whatsoever, which they now possess and enjoy by virtue of any employment by or on behalf of the public.
第 20 頁 - The issuers of paper money should regulate their issues solely by the price of bullion, and never by the quantity of their paper in circulation. The quantity can never be too great nor too little while it preserves the same value as the standard.
第 124 頁 - That a select committee be appointed to inquire into the engagements now subsisting between the public and the Bank of England, and to consider the advantages derived by the Bank from its transactions with the public, with a view to the adoption of such future arrangements as may be consistent with those principles of equity and good faith, which ought to prevail in all transactions between the public and the Bank of England, and to report their opinions thereon to the House.
第 93 頁 - Governor to call a general court, which application must be made by nine members at least, having each 500^. stock. If the Governor shall refuse to call such general court, then the nine members who shall have applied to him to have a court called, may themselves call one in the manner prescribed by the charter ; and whether the Governor calls such court, or it is called by the nine members, I advise them, as soon as it is called, to apply to the Court of King's Bench for a mandamus to the Governor...
第 25 頁 - While they have the power of regulating the quantity of their paper, there is no possible inconvenience that could result to them from such a regulation. The most perfect liberty should be given, at the same time, to export or import every description of bullion.
第 13 頁 - ... from the greater abundance of the raw material, and generally from greater facility of production. To determine the value of a currency by the test proposed, it would be necessary to compare it successively with the thousands of commodities which are circulating in the community, allowing to each all the effects which may have been produced upon its value by the above causes. To do this is evidently impossible.
第 14 頁 - ... only. The value of a commodity is estimated by the quantity of other things generally for which it will exchange. The price of a commodity may rise while its value falls, and vice versa. A hat may rise from twenty to thirty shillings in price, but thirty shillings may not procure so much tea, sugar, coffee, and all other things, as twenty shillings did before, consequently a hat cannot procure so much.
第 59 頁 - Directors in a more official form, — they conclude thus : " And it is understood that during the continuance of this advance by the Bank, no alteration is to be proposed in the general course of business between the Bank and the Exchequer, nor any regulation introduced by which the accounts, now by law directed to be kept at the Bank, shall be withdrawn from thence.

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