Paper Against Gold: Or, The History and Mystery of the Bank of England, of the Debt, of the Stocks, of the Sinking Fund, and of All the Other Tricks and Contrivances, Carried on by the Means of Paper Money ...Wm. Cobbett, 1828 - 332 pages |
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Common terms and phrases
Act of Parliament alarm amongst amount Anti-Jacobin appears assignats Bank Company Bank Directors bank notes Bank of England bank-notes Bankers Bill Bullion Committee called cash cause circulation COBBETT coin consequence continue course creditors demand dividends effect England notes Exchequer February five pounds France French fund-holder Gentlemen GEORGE ROSE give gold and silver Government guineas holders House of Commons increase of trade inquiries interest issued Jacobins Judges legal tender Letter loan look Lord King matter means measure ment millions mind Minister National Debt necessary Newgate notes in gold opinion Order in Council paid paper paper-money passed pay their notes payment persons PITT PITT's present produce promissory notes public credit purchase quantity real money reason receive refuse Report Restriction ruin seen shillings Sinking Fund sort speech Stock Stoppage of Gold suppose taxes thing tion told venal whole words writers
Popular passages
Page 14 - An act for granting to their Majesties several rates and duties upon tonnage of ships and vessels, and upon beer, ale, and other liquors, for securing certain recompences and advantages in the said act mentioned, to such persons as shall voluntarily advance the sum of fifteen hundred thousand pounds, towards carrying on the war against France...
Page 130 - That we, the undersigned, being highly sensible how necessary the preservation of Public Credit is at this time, do most readily hereby declare, that we will not refuse to receive Bank Notes in payment of any sum of money to be paid to us ; and we will use our utmost endeavours to make all our payments in the same manner.— BEOOK WATSON.
Page 284 - When I look, as I have pretty carefully looked, into the proceedings of the French King, I am sorry to say it, I see nothing of the character and genius of arbitrary finance, none of the bold frauds of bankrupt power, none of the wild struggles and plunges of despotism in distress — no lopping off from the capital of debt, no suspension of interest, no robbery under the name of loan, no raising the value, no debasing the substance of the coin. I see neither Louis the Fourteenth nor Louis the Fifteenth.
Page 229 - Reports of Cases argued and determined in " the Court of Common Pleas and Exchequer Chamber and •' in the House of Lords, from Michaelmas Term, in the 40th " year of the reign of George III. (1799) to Michaelmas •• Term, in the 42nd Year of the same reign (1801), both
Page xvi - The mutiny among the local militia which broke out at Ely, was fortunately suppressed on Wednesday by the arrival of four squadrons of the German Legion Cavalry from Bury, under the command of General Auckland. Five of the ring-leaders were tried by a court-martial, and sentenced to receive five hundred lashes each, part of which punishment they received on Wednesday, and a part was remitted. A stoppage for their knapsacks was the ground of complaint that excited this mutinous spirit, which occasioned...
Page 117 - Board, that it is indispensably necessary for the public service that the Directors of the Bank of England should forbear issuing any cash in payment until the sense of Parliament can be taken on the subject...
Page 196 - Council made under this Act shall be laid before both Houses of Parliament within Six Weeks after issuing the same, if Parliament be then sitting, and if not, then within Six Weeks after the commencement of the then next Session of Parliament.
Page 98 - They forget that, in England, not one shilling of papermoney of any description is received but of choice; that the whole has had its origin in cash actually deposited ; and that it is convertible, at pleasure, in an instant, and without the smallest loss, into cash again. Our paper is of value in commerce, because in law it is of none.
Page 167 - An Act for further restraining the negotiation of Promissory Notes and Inland Bills of Exchange under a limited sum within that part of Great Britain called England.
Page 98 - England not one shilling of paper money of any description is received but of choice, — that the whole has had its origin in cash actually deposited, — and that it is convertible at pleasure, in an instant, and without the smallest loss, into cash again. Our paper is of value in commerce, because in law it is of none. It is powerful on 'Change, because in Westminster Hall it is impotent. In payment of a debt of twenty shillings a creditor may refuse all the paper of the Bank of England.