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CURRENCY FALLACIES

REFUTED,

AND

PAPER MONEY VINDICATED.

?

BY THE

AUTHOR OF AN ESSAY ON MONEY," AND AN ESSAY ON

THE STANDARD AND MEASURE OF VALUE.

If this country has money in abundance, it will have all the trade from the
whole world; and if you make money very scarce, the trade will go to other
countries."-N. M. Rothschild, Esq. Evidence on Bank Charter, 4947.

LONDON:

HATCHARD AND SON, PICCADILLY.

1833.

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PREFACE.

While this little work was going through the press, the debate took place on Mr. Attwood's motion (April 23, 24, and 25,)

« That a Select Committee be appointed to enquire into the state of general distress and embarrassment which presses upon the various orders of the people, and how far the same has been occasioned by the operation of the present Monetary System.” Lord Althorp, to get rid of the latter clause, proposed as an amendment the following resolution : “ That it is the opinion of this house, that any alteration of the Monetary System of this country, which would have the effect of lowering the Standard of Value, is highly inexpedient;” giving it to be understood that a Committee to enquire into the state of the distress, independent of its presumed connection with the currency, might not be objected

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