124
must be abandoned, and the issue regulated simply to supply the community want of the com. very exceptional circumstances. in
In making this suggestion for the consideration of the Secretary of State, and without pledging themselves absolutely to its adoption, My Lords wish it to be understood that Their views on the subject of issues by small Communities, proposing a special measure to meet a special emergency, have not modified.
It has been urged that it is true commercial policy to ensure small notes in order that trade may be "diffused among the many" in preference to being amassed among "the few Capitalists". It is aped to My Lords that such theories are of dangerous tendency.
The duty of the State, in the regulation of the coinage, is not to consider the interest of any class, large or small, but to found its legislation on the assured and simple principle, that such legislation will be in...
124
must be
abandoned, and
the
medoure
issue regulated simply to supply
the
community
want of the com.
very exceptional circumstances.
in
In making this suggestion for the consideration of the Secretary
of thate, and without pledging themselves absolutely to its adoption,
My
Lords wish it to be understood
that They
Their views
have not modified
on
Shate issues
the
subject of
issues by
They
are
small Communities,
proposing a special
messure
to meet a special emergency.
It has been urged that it is true commercial policy to ensure small notes in order that trade may
diffused "among the many
"preference to amo
It
in
the few Capitalists
among
apped to
to
My
Lords that such
theories
The du
are
duty of
of dangerous tendency.
the
State, in the
regulation of the coinage, is not to
consider
the
2 mall
on
interest of any class large or but to found its legislation
2 o und
assured
and simple principle,
that such legislation will
in
}
No comments yet.
Private notes are available after approval.