Publisher's Synopsis
Excerpt from The Currency Question Freed From Mystery, in a Letter to Mr. Peel: Showing How the Distress May Be Relieved Without Altering the Standard
It is now admitted 'on 'all hands, indeed it is felt by too many to be disputed, that the cause of the prevailing distress is the impossibility of obtaining remunerating prices for any of the products of industry; prices, that is, which will cover the costs of. Production, in which are included many heavy fixed money payments for rent, rates, taxes, debts, mortgages, annuities, &c. As these payments remain stationary, while the returns, out of which they are to come, have diminished daily for the last four years, and as this is general to every branch of production, it is evident, not only that the cause must be equally general, but also that the inevi table result of such a trade, namely bankruptcy, must soon be equally universal.
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