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Joseph Lowe.

The present state of England in regard to agriculture, trade and finance; with a comparison of the prospects of England and France online

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Online LibraryJoseph LoweThe present state of England in regard to agriculture, trade and finance; with a comparison of the prospects of England and France → online text (page 9 of 40)
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great measure, the tenets of the adverse parties ;
each interpreting, in conformity with their own
theory, the fluctuations that have occurred since
the peace. No si)eaker in parliament, no writer
on trade or finance has, as far as we are aware,
endeavoured to reconcile arguments at present so
strongly in contradiction, or sougiit a solution of
the problem, while he admitted the substance of
the allegations on either side. Tliis we shall now
attempt, and as we enter on the discussion with an
advantage unknown to our predecessors, — the evi-
dence supplied by several years of peace, — we are
not without hopes of conducting our readers to a
satisfactory conclusion, if they will summon patience
to accompany us thiough an enquiry which can
hardly fail to be both long and intricate. If the
narrators of military events, wlien entering on the
relation of complicated movements, deem it neces-
sary to make a demand of patient attention on the
part of their readers, much more is such a warning
required when we venture on a question which has
been a source of perplexity to the public for a
number of years.

Difference bctxveen an Increase of Bank Paper and
an Increase of Metallic Currency. — The ease with
which bank notes are struck ofl| and tlie apparent
ease with which they are circulated, impressed the
public, long before the late wars, with a notion,
that banking operated like mining; and the ge-
neral rise of prices that took place atler 17



Online LibraryJoseph LoweThe present state of England in regard to agriculture, trade and finance; with a comparison of the prospects of England and France → online text (page 9 of 40)