History of the Bank of England, Vol. 2 ~ Paperback ~ John Francis

Excerpt from History of the Bank of England, Vol. 2: Its Times and Traditions The vast quantity of gold expected from the South American mines was so great that many well-informed persons, according to Mr. Tooke, "believed, and acted on the belief, of a diminished value in gold and silver in consequence." A journalist of the day, writing on what was evidently a feeling, if not a belief, founds on it an essay, of which the following is an extract. "The Chancellor of the Exchequer was obliged to give up his customary budget, and introduced a new system of duties in kind. I had an opportunity of hearing a Right Hon. Gentleman, who filled that situation, very pathetically lament that the 'overproduction of gold then, was as great an evil as the over-production of grain had been formerly.' 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.