Publisher's Synopsis
Excerpt from National Association for the Protection of British Industry and Capital: Report of the Sub-Committee for Currency, to the General Committee of the National Association, 1850
Deputy Governor of the Bank to the Lords' Committee You had only'£1, in the Banking department for the payment of your liabilities i - Yes. If any body had called upon you for anything beyond that million and a half, you must have stopped payment - Yes, we must.
The sub-committee conceive that, when understood, it will not be endured that this otherwise great nation should be so depressed and degraded, 1n its manufacturing, agricultural, and commercial interests, by such a frightful incubus, which makes money the master of com merce instead of its servant.
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