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Not indexed. Not illustrated.1857 Excerpt: ... rently to stump up even to 10 per cent. Beyond that, perhaps, they would not like to go, and if these inconsiderate gold ships
from Australia will take their journey leisurely--lingering beneath the sunny skies of the south, or take it into their thick heads to visit the bottom of the Atlantic, they may have
their wish fully gratified--perhaps more than gratified. Another 1847 will settle this vexed question, but I believe nothing else will. Your contemporary, the " Times," in writing of
this twist of the screw, says, " The measure created general surprise." That it should have done so among intelligent men of business is to me incomprehensible. Surely they
must know by this time the necessary operation of our existing money laws. Can they still delude themselves into a belief that the metal of which our home currency is
composed and assimilated can be exported as merchandise, at the rate, as the "Times" tells us, " of half-a-million of bullion in a few days," and yet that they may obtain
money on the same terms as before this drain? Marvellous ignorance, if so deluded. I can scarcely believe it possible; and yet when such an organ as the " Times " clings
to the exploded notion that the drain of gold is connected with some balance of trade against us, one may believe anything. " It is true," says your contemporary, " there are
grounds for assuming that this unfavour" able state of our balances with foreign countries " cannot much longer continue.f The most expe" rienced persons have now for
several weeks looked " confidently for a turn, and have found only that " the pressure is increasing." It would be interesting to know these " most experienced ones "--perhaps "
Mercator " was one--the wish being father to the expectation? Whoever they may be, their expe...
Publisher : General Books LLC (February 7, 2012)
Language : English
Paperback : 52 pages
ISBN-10 : 1235767760
ISBN-13 : 978-1235767760
- UPC 1235767760
- ISBN 1235767760
- Brand General Books LLC
- Mfg Part # BOOK- LIEUT.-COL. MACDONALD'S LETTERS...
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