IMAGE EVALUATION
TEST TARGET (MT-3)
/.
^ ^/^
'9/ ^m '^* %^ m"^
i<
M/.
1.0
I.I
1.25
'I ^ 1^
S 1^ ||||2£
111=
JA nil 1.6
V]
/^
//
.^^
C'^ c>1
^>
/^
^-'^^.''r
7
Photographic
Sciences
Corporation
23 WEST MAIN STREET
WEBSTER, N.Y. 14580
(7)6) 872-4503
#
:<N^
V
\\
c»\
<^
CIHM/ICMH
Microfiche
Series.
CIHM/ICMH
Collection de
microfiches.
Canadian Institute for Historxal Microreprodiictiona Institut Canadian de microreproductions hiatoriques
1980
Technical and Bibliographic Notes/Notes techniques et bibliographiques
T
t(
The Institute has attempted to obtain the best
original copy available for filming. Features of this
copy which may be bibliographically unique,
which may alter any of the images In the
reproduction, or which may significantly change
the usual method of filming, are checked below.
□ Coloured covers/
Couverture de couleur
I I Covers damaged/
Couverture endommagie
□ Covers restored and/or laminated/
Couverture restaurde et/ou pellicul6e
n Cover title missing/
Le titre de couverture manque
□ Coloured maps/
Cartes gdographiques en couleur
□ Coloured ink (i.e. other than blue or black)/
Encre de couleur (i.e. autre que bleue ou noire)
□ Coloured plates and/or illustrations/
Planches et/ou illustrations en couleur
D
D
D
D
Bound with other material/
Rolid avec d'autres documents
Tight binding may cause shadows or distortion
along interior margin/
La reiiure serree peut causer de I'ombre ou de la
distortion le long de la marge int6rieure
Blank leaves added during restoration may
appear within the text. Whenever possible, these
have been omitted from filming/
II se peut que certaines pages blanches ajout6es
lors d'une restauration apparaissent dans le texte,
mais, lorsque cela dtait possible, ces pages n'ont
pas dt6 filmdes.
Additional comments:/
Commentaires suppldmentoires:
L'Institut c microfilm^ le meilleur exemplaire
qu'll lui a 4t6 possible de se procurer. Les details
de cet exemplaire qui sont peut-Atre uniques du
point de vue bibliographique, qui peuvent modifier
une image reproduite, ou qui peuvent exiger une
modification dans la methods normale de filmage
sont indiquAs ci-dessous.
□ Coloured pages/
Pages de couleur
□ Pages damaged/
Pages endommagdes
I I Pages restored and/or laminated/
D
Pages restaurdes et/ou pellicul6es
Pages discoloured, stained or foxe(
Pages dicolordes, tachetdes ou piqudes
Pages detached/
Pages d6tach6es
I — I Pages discoloured, stained or foxed/
I I Pages detached/
I I Showthrough/
Transparence
□ Quality of print varies/
Quality in6gale de I'impression
I I Includes supplementary material/
Coinprend du matdriei suppl^mentaire
Only edition available/
Seule Edition disponible
Pages wholly or partially obscured by errata
slips, tissues, etc., have been refilmed to
ensure the best possible image/
Les pages totalement ou partiellement
obscurcies par un feuillet d'errata, une pelure,
etc., ont 6t6 fiimdes d nouveau de fa^on d
obtenir la meilleure image possible.
T
P
o
fi
C
b
tl
s
o
fi
s
o
T
s
T
V
^
d
e
b
ri
r(
n
0";
This item is filmed at the reduction ratio checked below/
Ce document est fllm6 au taux de rMuction indiquA ci-dessous.
10X 14X 18X 22X
26X
30X
V
12X
16X
20X
24X
28X
32X
The copy filmed here has been reproduced thanks
to the generosity of:
{Rational Library of Canada
L'exemplaire fiimi fut reproduit grdce d la
g6n6rosit6 de:
Bibliothdque nationale du Canada
The images appearing here are the best quali'.;y
possible considering the condition and legibility
of the original copy and in keeping with the
filming contract specifications.
Les images suivantes ont 6t6 reproduites avec le
plus grand soin, compte tenu de la condition et
de la nettet6 de Texemplaire film6, et en
conformity avec les conditions du contrat de
filmage.
Original copies in printed paper covers are filmed
beginning with the front cover and ending on
the last page with a printed or illustrated impres-
sion, or the back cover when appropriate. All
other original copies are filmed beginning on the
first page with a printed or illustrated impres-
sion, and ending on the last page with a printed
or illustrated impression.
Les exemplaires originaux dont la couverture en
papier est imprimde sont film6s en commenpant
par le premier plat et en terminant soit par la
dernidre page qui comporte une empreinte
d'impression ou d'illustration, soit par le second
plat, selon le cas. Tous les autres exemplaires
originaux sont film6s en commenpant par la
premidre page qui comporte une empreinte
d'impression ou d'illustration et en terminant par
la dernidre page qui comporte une telle
empreinte.
The last recorded frame on each microfiche
shall contain the symbol '-^> (meaning "CON-
TINUED "), or the symbol V (meaning "END"),
whichever applies.
Un des symboles suivants apparaitra sur la
derniire image de cheque microfiche, selon le
cas: le symbole — ► signifie "A SUIVRE ". le
symbole V signifie "FIN ".
Maps, plates, charts, etc., may be filmed at
different reduction ratios. Those too large to be
entirely included in one exposure are filmed
beginning in the upper left hand corner, left to
right and top to bottom, as many frames as
required. The following diagram?, illustrate the
method:
Les cartes, planches, tableaux, etc., peuvunt 6tre
filmds d des taux de reduction diffdrents.
Lorsque le document est trop grand pour dtre
reproduit en un seul clich6, il est film6 d partir
de Tangle sup^rieur gauche, de gauche A droite,
et de haut en bas, en prenant le nombre
d'images ndcessaire. Les diagrammes suivants
illustrent la m6thode.
1 2 3
:■. .1-
2
3
4
5
6
-v
Whnt the tnanrj of fnaiiila Mbould B«
To tbo KiUtor of tlia Timkh :
TBI BTgrKM FORMULATED BY MB A OOLD
INTBHKS'r nTANIlAHD OF VAI.UB.
After a good deiil of thought on the 8ubj«ot
of Montiy, aiul of iht CircumntanceH of Otuiida,
I think that our Money oii^lit to Uh tiir notes
OF THE AOaRKOATK PEol'L.R (I'lIK UoVEHNMENT)
RE1'|IE8ENTIN» ACTUAL VALUE THE (ioVEIlNMRNT
IIAH HEOEIVKO, HO thHt tlie wholo property o(
tho oouutry would be bound for them, the .
itiaue beinK limited to Fifteen Dolhird a hmi
of the population, this being about doable
the preBcut oirouliition. Tho notes should
b» a Ivgal tender buth for publio and piivute
debts. They »<liould not bi? payable in Specie,
but should be convertible into Canadian
Consols, bearing four per cent, interest— the
interest being payable in gold at the present
standard, and this oold interest to foum
THE ONLT STANUAllD OF THE CUBllBNCY, ANll TUB
ONLY CONNECTION OF THE NEW (•YHTBM WITIl
OOLD. Tticse Consols of the Canadian people
or Parliament, to be re convertible at any
time into cinccLATioN when money is wortU
to the bolder more than the Interest on thorn.
THE BETOLUTION IN OUR MONETARY LEOtSLATIOH
TION IN CANADA NKCEdSAHY TO ENAOLU OUR
PEOPLE TO PU08PER.
If spica permitted, I oould shotr that
almost all of any experience and authority in
bu''inusa denouoaed Pvel's money measure ia
1819, including bii own father, the first Sir
Robert, who presented a petition to Parlia-
mtnt, depreoating his bou's innovation,
signed by 500 of tlio chief Bankers and Mer-
chnnts of Loudon, with which even the liitnk
of Kuglaud agreed, although us sn institution
it WHS to be ho much advantngtd ; and I
oould show that nothing but evil has resulted
from it ail 1 the vastest evil, at times almost
endangeriiig tie country h int'titutions. In
Mr. Greville's "Journals of Uaorge IV. and
William IV.," lutely published (tho very
highest authority, from liis having been tliH
familiar and c >otidunt of all the Engii>h
statesmen), there appears the following in vol.
2, page 145 : " If we look bauk through the
long course of Peel's lif.^ and enquire wliit
have been the great politiciil measures with
which his name is particularly oounected, wh
shall find, first, the return to cash paymen'is,
which almost everybody now agrees was u
fatal mistake, though it would not be fair to
visit bim with extraordinary censure for a mea-
sure which was sanctioned by aim >st all the
great huanci.^l authorities." Aud we know
that nearly eveiy one of the tioiuioial au-
thorities alluded to (^nd among them Mr.
Bicardo) has confe-ised aud bem laued Feel's
fiital mistake, aud that the ooml)ined Boards
«>f Trade and Chambers of Comm. rce of tho
United Kingdom are now anxiously engaged
iu seeking for a remedy to propose to the
British Firliameut. Indeed, that the nrin-
oiple of Peel's money legislation should haw
been allowed to exist so long as a curse by an
intelligent country is now seen to be utterly
inexplicable. And believing as I do that
such a money system as I have desiderated
must come in Canada very soon if the indus-
try of the Dominion is to be saved, I feel it
a great duty to say so, as scarcely any one
can speak on tha subject with the same op-
portunities as I have had of seeing and feel-
ing tho cruel operation of our present mone-
tary l«gislation, which, if bad even for an old
ana rich country, is infinitely worse for a
}oung and poor one.
Faithfully yours,
Isaac Bdobaman.
Hamilton, April 6, 1877.