IMAGE EVALUATION TEST TARGET (MT-3) \ 1.0 I.I UiUl 125 ■50 "^^ i^H ■^ iiii 122 no 12.0 III—- 1'-^ '-^ ^ 6" ^ Hiotogrephic Sciences Corporation 23 WEST MAIN STREET WEBSTER, N.Y. 14580 (716) 872-4503 ^ CIHM/ICMH Microfiche Series. CIHM/iCIVlH Collection de microfiches. Canadian Institute for Historical Microreproductions / Institut Canadian de microreproductions historiques Technical and Bibliographic Not«*/Non may appear within the text. Whenever p 'n the first page with a printed or illustrated Impres- sion, and ending on the last page with a printed or illustrated impression. Lee exemplaires originaux dont la couverture en papier est ImprimAe sont filmAs en commen^ant par le premier plat et en terminant soit par la dernlAre page qui comporte une empreinte d'impression ou d'illustration, soit par la second plat, salon le ces. 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Lorsque le document est trop grand pour Atre reproduit en un soul clich6, il est f ilm6 A partir de I'angle aupArieur gauche, de gauche A droite, et de haut an bas, en prenant le nombre d'images nAcessaire. Les diagrammes suivants illustrent la m6thode. r t ^ ■ 2 3 1 2 3 4 5 6 ^: . 'y.T'in 1 1> Ti r ■ : ALTElftlnON OF tIbE HONITr LAW. at Ih"* lira Wboi laoijlurnoo (woo* bttfan) vaih ii.(.(ii . -/ V . /! ;. , ,■ ■ .,■ , ', " .1 , • ' ' — 1 1.x SYSTEM DESIDEEATBD WHICH WILL RETAIN ALL THE PRESEKT SECUBITT WHICH WE HAVE 1^1.! FOB THE PAPER CIRCULATION, AND AT SAME TIME PBOVIDE FOB THE PRICE •rt3f 1, . ■).:'i j( I lif.-.'.i ox wua rjitl' .iiiiii \ thliitU (:j rt'jj.jiiOT; •' (1 «| i((,i|pi'>(tri pi ' i(rjjirj *iij -n/i 1 iti-^i'jto'i -.'i .J' ^-.v j '; i'«tu>Mkt<) if-LnU t.U j^.i'itrr j *■ ,■ t lo .m • 1 . r I I ... (J .. liKl MR DUNCAN'S LEOTCHEfl ON MONEY. ' • l,)n.u ■ »; m m\ Ii X9 TB* xoiTOR or the witnesi. J . : ' Edinburgh, 8th Jnnnnry 1840. Sn, — I •(■MKly tnut that Mr Dunaan, in Ml Torth- •oning iMtina, mny eonflnt blBNirto the qiitttlon of MointT, aad »cild, tn th« pramt, th* qutitlon of nmetaoy. Paper mombt I nndenUad to b* pnptr made (y fciio a legal tender, whil* pajMr CURBEICOT li tho tinUf of th« joint itorli and prirat* builti, which are npt a logal tcndor ; and I am a monotary reformer, hut not a cnrmney raformtr (eicept that I would do awaj vith tho mmo^Uj pan of Sir R. FmI'i act of i^BU, ^ina thiowlng banking opan to all, subJHt to the ^' >ii|i|l iilililitliiin. mil euabUog thu prMent banks to v.. taawaw thilr Imum a> they iacreni' their paid-in cnpltal). Xo esiutital* a mia ■ moaetary leforaer, I don't gee It necenarjr that he thonld hold that eonfldenee ia to be ereattd by an enlarged iuue of baiik-nutee. I view thia aa putting tho carl Iteforo tho lioriu ; as 1 see that wo must flret creati' confidence, and look to that aa Bnre to call fur and suataiu iaoreuted iaiuei of paper. In feet, to my mind, THAT HAN la a moketary rk- FOBMEB WHO SEfllREa TO SBK FAI'ER UONliT A LBOAL TBNDi:n, thua enabling gold to find n prke in the market equivalent to ita value." The public at preaeat geta no profit by the circulation; and the country would be no wurae off if Guvemmenfc wero to conatitnlo a lank of U5U0, liy simply taking twenty miUiona of aovereignji out of circulation, and isaulng in their itead paper poanda oa a legal lender. Thua we •e* that no one need mn away with the idea, that to monetary reform iin iSBue of paper, * haftd upon no- tking,' ii nacessiiry. Monetary reformeks WA^'r TO MAKE THE BFFECT UP THE EXPORT OF OOI.D, OR AN ADVERSE STATE OF THE FOREIGN EXCIIAMOEB, TO SE, TO BEDDCB THE EXCHANOBABLB VAt.UB UF HONEY, AI'D NOT, AS AT PRESKNT, TO CAUSE A FALL IN PRICES or COHMODITIES AND WARES ; and auch a note aa the lollowing would couipass this object (uh well as meet an extraordinary importation of gold firom California or elsewhere) :— The (tuvernhent Bank, OF lasuB pkomisbs to pay Twenty Shil- LINOS.STEBLINO, or a qt'AKTEB OF AN OL'NCE OF Gold,, when its value ib glls per ounoh, llss (iOLDBBINO PAID WHEN THl. PRICE IS HIGHBli, AM) rnOPORTIONABLV MOREWHENTllE PRICE IS LOWER, THAN Ii.4 THE OUNCE. We must promise to pay a value in gold, and not a certain quantity of gold, os at present. — Yours Tory respectftelty, ISAAC BUCHANAN. * To fia the price at which gold could be demanded, ParltS' meat mljtht appoint five London menbnntv, Ruperlor to nil GoTomment knd Hank influence, as ConnnlMionent, vlio would dsUjr publlsn tlie miirhct price of gulj in tlie London Oaaetlct and in all the lariie towns of tho United Kingdom.— (From * Jottings on the Sul^eot of the Currency,' nddreh&ed I.y me to Lord George Bentinck, as Member I'f the Committee of the House of Commons ou (he Commercial Distrees of 1M7, dated New York, 10th March 18180 PB0F08ED SYSTEM OF MONEY OB LEOAI, TENDEH. TO THB EDITOR OF THE WEEKLY BBOISTBB. Edinburgh, Sth .liinuary 1840. HIB,— Your judiciiiua remarks on (he foithcoming lectures in the Philotophical Institution have attracted my attention. Mr Duncan's vicw.s, however, I am nwarc,extond only tu thu removal of those in]|icdiiiienti< to nature which Sir Robert Peel baa creoted. lie is not a quack doctor, pretending that he can do in..re in tho cure of tho country's social diseiiscH thsii the removal of tbosc morbid inflnoncea which weigh down the na- tural energiea of the country's industry, and make a permanent recoviry ol' iiieroontile lil'e ajid conlldi^nc.. impoBsikio. I have licon liing a student of the cur- rency, and since th" American panic of IS.")?, luv otlen- tion has been inccs-antiy bent on nionetiry hcicnco wliich I then recognised to lie at once by I'ar the most important cif our natiunal subjects, and ono of the least understood of them. 1 caw that a low fixed price OF GOLD BISING AND FALLING, LIKE OTHEB COMMODITIES, WHEN ITS VALUE CHANGES IN THIS COUNTBT. J 'I'^aaitiia tim) •'•i sd) Ml pfmn .j„l Oiit jbJI ^AtirAa f/>xil •(Ulf.«>;»V!l vJitoiilnluj rt tt. '.)< »i ol »T»d ihi.f.' ,M!»ib<>ineio'J nil «U!niC> ImiiljtiJiA f. in miJiBO mlj 4itkW iit/t i.t !\ahoBld be ineonvtrtibi* until they agdia raiM to Ii J8,€00^0% (ahowlag Fonrteea Mnilmn oftMUf iktte>t«kilU.) \ It will U clear to yoa tkat my d^aM'ltf 'U'^reraW. tioniaa onr monetary sctenea bMk U> U^TMniystem, which existed ttom 1797 to 1819, although we have In our power (what Hr Pitt bad not) (6 ^ECOki tbb BANK-NOTE CIRCULATION BY OOLD, WHILE WE DO AWAY WITH UOLD AS A FIXED STANDABO OF VALUE, I am a linilionist, but not a 'fixed itanilard bullioniet ' Cwhoao princijde cruabca down pricea und wages), and not to the extent of paying away to fbreigaert onr specie after it geta down to that certain amount which our own homo trade requires, and withont which our national employment dies a natural death. My ponnd- note would run thua— TBB Oovebmibnt Bank or Issue promises to pay Tbb bearer twenty 8hillimc8 stbrlimg, or a quarter or an ounce of standard oold, when thb pobbion exoh amoih abb at pab, as evidenced bt thb priob op oold ebimo biohty shillings the ounce, less oold iieinq given when oold is higher in fbice, and froportionauly more when tub fbicb of oold ib lower than l.4 the ounce. If what yon say of the discoveries of gold in Cali- fornia bo true, we shall have all men uiith fixed ineomei turning against the fixed price of gold, fur it ia clear that if gold becomea greatly inereaaed in quantity it will become proportionably diminished in exchange- able VALUE, and the only safety for men of money will be to HAVE THB LEQAL TBNOEB ALTEBED FBOM BEING A FIXED QUANTITY TO APIXED VALUEOF OOLD. In conclusion, I may just remark that, as ander my system tho Bank of Issue would be entitled to issue to the value of the gold in its vaulte, any vacuum caused by such an export of gold as should raiae its price could ut once be filled up by an extended issue of paper money. On the other hand, the paper would have to be taten in u importations of gold reduced its value ; to provido for which loss to the bank the pablle would have any gains that may formerly have arisen from gold rising, and also the profit of th* oircalatloa of the fourteen millions not based en bullion. The private and joint-stock banks would go on cir- culating as at present, holding the paper tjf the bank of issue to thu same extent they now hold specie. Their issues are not, of coarse, a legal tender, and should be termed paper currency. In rontradittinc. tion to the paper coined by Government, and mad* by law PAPER HONEY, or legal tender. My object in asking yen U> insert theae lengthy re- marks ia to show the vital importance of the anhjcct un which Mr Duncan ia about to lecture in Edinburgh und also to explain that wo may support the priacipia of Nir R. Feel'a bill of 1844, and retain gold a* the aecorlty of our bonk-note circulation, although wo practically reform the currency by repealing Sir R. Feel's bill of 1819, thus doing away with the fixed gold standard. This efi'ccted, the exportation of gold, or aa unfavourable state of the foreign exchanger, would 1>* expressed by a rise in the price of all other commo- dities similar to that which occurs with gold, thus lea- senicg the exchangeable valuo of money ; whereas, imder Sir R. Peel's system, which we now bar*, money rises in proportion with tho demand for gold, and this rise is expressed nut only in tho riac of inten s*, but in the drkaufui, di;i'Reciation of all com- modities ANU WAGES. Yours very respectfully, ISAAC BUCHANAN, Formerly Memter for Toronto in the first Parlia. ment of United Canada, and Pre»ident of the Boards ofTrkdg of Toronto and Hamilton, tipper Canada. fJSLATHO]^ OTSt O0U>. Tht miwl f««rfnl loolftl eonvoliioni could not fall to bHh oak of an; luoooufnl atlampi In Farltamtnt to MrpotuaU the prinotple of Sir B. Po«ra Money Law of lllltl, by 10 o1mti|inff lU dfltalU ns to towtr our ftxed Frfco of Gold down lo the value to «l), and lalonr. Tlie Worklog-Claua' have been' taught by long and modt oruol rxMrlence, thar the principle of the Money Law of lltIO prnctically denirit to Frltith Inhciir the reward which the Iaw of Supply and OfHlMnd wuuUI naturally award to it, by Itading to the export of Gold (which upi'ets tlie cauntryV Baiikiog fncilitie»), nnd thus cvntiaciiiuj the cMrrencff i*henevfr thr i'Vrc/i/n^r ;'r(;A'r« /rtiiiif/ fVoA/, wiHch ho of couriio doc% unle^a tl:o prices articIpato In tho monstrously undue advuntnge which the bill of Hill) given to tho Foreigner over ibe British ArlltaUf and thin laorlfloe ofonr WorkingCIap!, It hasneccfsarily followed, that the Working Men have been able to get few tendera among themselves except bad men and bad suljectx, who, by their conduct, have deferred tho triumph of the great Obartlat PrinelpU— t/NtVlftiAL HoppRAOR, Now, however, a total change In their views of wnat Is their true Intoret>ts is coming over the convictions of oar Working Men wMeh cannot fall to secure thorn tho active sympathy nnd oo-operulion of all our Propertied Classea. Tbo Worklng-ClaiieB. la Uielr Jiiking eondltlon, have eagerly caught at such absurdities aa Urganixations of Labour, Conin>r.nitni8, and Associatioolnnav, from which the Capital Claaaea wort eaelttded. joift aa sinking men catch at straws; but ttraus they have found tluse delusions to be (howovtr well intended), and our Labonr- Itif MaiMa will no longer permit their reason to be insulted hy the iilly doctrine that latvur i$ a ufarate interett. The Working Men now Me that I he oaly poielble oanie of increased wagea la increased employment, which can only arise from Improving the condition of the employers of labour; and at tba Working Men's distresi-cs having led them into a much lietter knowledge of Iho tfoney Question (which fa In reality the qneitlon of laboar) than la poasefsed by tho Middle Clafse?, they see that to incrcuto ilie rumlcr cf bidders for their labour, the only mtani of ^ait^nff their waffts permontntlyt i>uch an alteration of our Money Law^ ninst le mudo as will petmanenlly Rbuice thb Exchanoiablb V ALUS or MoMRY, aa when less pro^)erty and a smaller quantitv of commtditioa come to stand for tho vame amount of Money, It la evident that leas of the Worklug MaQ*i time and laboar will do the same thing. Thni the interef-ts of all classes except the Officials, Annuitants, and Money •mongers, are aeen to be Ibf same, aud Inieparable ; and as thousands of the Upper nnd Middle Closes have no objection to Chartist principles (although they reprobata the eondnct of many of the Chartist leaders), Chartism, under an improved leadership, \\ 111 soon ho In n position to demand and to carry Univebbal Supfbaqb as Thi OMIiY MiAMa TO Till QBiAT COMMON BMD Id vlew, If the Money i)owcr is found to bo so strong inParlIament,aaatprtBenloonitttated, aa to prerentjaitiee being done to the laboar of tho ooantry by the repndiatlon of tho Monetary Schemes of Sir Robert Peel and the asnrera. tttB QUEBTION OP MONEY-HOW IT WILL DM AFl'KOTED BY LAUCE IMPORTS OF OOliD rnoM CALIKORNIA. to TMI BDITOn OF TUB WBIULV nBOISTBK. JtdlHbiirgh, 34th Fuh. 1»49.— Sir,— Tht> Into cleT.-r artlcie ol the ' Tlmei,' on the manner in which nn un- ttlUiilly greiit Imp<*rt of gold would operate on the nurrency, liaa )lellgh(rd ha much hsH hits surprised all Monetary rflf>)riiieri, vrhoin fbars hud botu somowtint alahiieduy > •rlaln uhscuro and tortuuus hintn in a J)< . fltliihv-r ti»iiil>er of Sir Itobcrt Peel's organ, the * Mortllhtf t'l ruoh'le,' us iolho ml jtutmnU which might bt^rttiie neetfixnry hetneen our nntiunn) interests. To MNt fHW nhiiervera it \9 clear that the * Times/ that tjt-Piilpnt iM;/Mi^ of puhlli' opinioD, has n'l le«B ri'rtninlj ft*i'ir^rut tit! notice of tli.- uentTnl publir, 'imd thiti If Id now pljiyina away as rompl.icpntly n<;nln>t (hn f1«t>il eintidtird tMilMnni!u ns iU h'hK-o Its price tu the fuieign lo\et when the vdliio • • eon tho present losition iir the 'Times' und the li.w.s of the monetary re- rMfftlHtN itgatnfit whom It bus so lunic ^^d so'nbly liailled \ Thev have InsiKted that i^otd should ho per- Htltted to rlsn from L.-t the ounce, siy t > L.5, nnd tlie ' TlMii-i does not now ol ject ihut -^oid in price bhould f(<(hrttti llsod lit L.t.althuaKh its vatoe abroad redu<-e3 tMliIl. Nuniiernn help I'mlftln^f the consistent hoacsty ot' the ' Tlfnes' In its dojinlun that, na in ISIU gold wns by JilW f\rr.l down in n prin> lower than its nutiiral or HVatiitfe pHio In tbU r-'-ntry. without tlio dolitorcb.bs helflt! eitnlilvd todiichar^rflteir debts with proi>ortiun- altly IttM'^ uffld. M) In 1849 the debtor Bhonld ha%e tl«> KHtni* iinjtini jidrantiiifo ov^r the cnditur class, ua tU ' leait repahition th<- latter could oll'.-r. Monetary ' t-elbriiii'i-* niiiBt hoMi'vur deplon- th:it tho ' Titnes' and the hHlllonlfftR fh'ittM hnvo tak^n bo low a position in : |m|(I|m fe(iiiid to Mioney nnl curn-nry an to vi'W tbo ■ ifUestlou 119 one only Intweuu luuutty and propt-rty ,n ttMmrvt In^tiad ol' tteeing ilio ehiu^ importiincc ol' , \mmf K" !•<■ lu .1 nmcliin- ry I'or tho i>ro'lactiini <>f /■».- fiMu tttid II • proper diMritrnti'm, --o n'l t'> ^;ive i!n' I tjfeat<9l poBfible iidvantij;.) to the industriouK cla?..^r< i iia t'|ipMied to tho lii/y rit-h. annnitant!, or non*pro. j ilM'i-li or wtulth. And WQcni n^itlitif hu rertiiin tli.it th(4 hilltlunMt wilt act liko I'd ' Tiino!i* ut ih*: prc9<'nt |i(Mi'ltlrf>, nor that tho pre>«''nt rortun-iio dctislon o: | thfl ' Tltflt'"' (biws from any other nr hli,'h''ir princii.le j (hflti did (to nin«t unfortonnt*- opint m .is to tho rooLey j ^hanl|Hin IHIU. In tact, n- buUiunism iu the \':\\ | lots hi en Ihu antlpuil<-H ot pntrrotJEm, wL■■ pr.'!< ir> d lir thfir rt(let|lpl|)i|» t'l r"ducc the pii.-o lU cxpcci tli it iliH wfifhlnu Minn will stand (|uietly hy, uu-l tni tiie tht-'ial (if their nyw golden prn'tpfCts tbu':. aud.iciou ly enl hy a eoHMplrary u) Jew«. monoy-mon -i r^. and cos- ltM()itMM«s hrndnrt Iiy Sir llolwrt IVel. Tho att. nipt ..(■ Ihi' MtoMy |i iiv lionc !'■ 1 orfyriiiinie. a !;'t.i.'TLo, iMwrlli" Idfioiic pM.vnr ol (b.> country, »i»iid at b-.i i d( Ire Ih'Mipiurd- ui tli mid It- a id uppi;r elu.-^i , to ;,• For I tie Itninediiito nd"ptloiMd' L'ni^(]^>al StiU'ra^o, as (If only tiK-nnFiorproventini,' ^^reiiter politbul clinn:.;<'«. NiObliM; >>iil ibo nii'tt nl>i< < L p>diti. al helid's-n' - s t oil Id h.i»i. itiKle tbo wirkin^-' l.iS'-t;* ut;diiro up to this day Rit llol.rtt I'tol s mttnuy law, 'I'u ;-ee this, nnd (.. he lilliHed thai no tyrant in any country bas ev<.i' been tho (-anno of ko mn>'h nnfTerlns to Ids subjects as Sir R. Peel has been to our worltinR-idas»es, we have only to undorstund the practical opiration id' his bill ofl^^lU. Under it (with pola here tlxid dovin to the tricu abroad) our cumniurtiut history niiut iiee<-t into our mnrkets, 'I ho nionunt liowovor u )>r)bk home tradu attain raises prb es to the ' yTos- parity' point, then must tho above horrid experience lie re-enacted by our to-day-wcll-fed-nin'-to-raoi row-stnn - inii" imperatives. But thei-e is the ]irotipoct arising from nn increasod supply of ^idd,'dthe tublcnbcingtvirnedim .Sir Kolwrt Peel tuiil liits bill, and it tho price of gold goes down from L.l lo L.3 tho loni^-V exi^tin-ri Ij.4 the ounce b'in;^ no longer tl.o standard of tho world, ' ;io!d as an artirlo of e\port will no more eome into C'Miipetitioti with uur manttl'actnroa. Tho rmmuy of , the foreij^ner who spurned t;ool3 ut .x Itritish |)rii-e, bec.tiisu hv b.id in hii option rim <'unMoniTV noi.lt at tho foreltin pric'-, will ihen coni'' into our mar- kot, and by swoilin;; tho immbor of e ■mputltorj i<-^ llriiish la'M)ur, will still moro rnhanco price? .Tiid wn^'' B, Tho isRue oi paper pounds an tlio le„':d tyndi-r (or pity.ibio at tbo London inarkta orici' ,of ^ ild), was the only rcraidy wltik- tho lorrigu pileo was as hi^h as our tlse I prie.'. In no oibcr way could remunerative piicua long bi- -ntt by onr Tiiantdactnr.Ts .snd produ. or^, ov<>n when they had nu oxtonsivo demand for their V are- -whilo tlio artirb; ^.Id alwiivd r\istud Mpully cheap witen Bcarcn i.s ivlien plriiiifnl in llii> 1-0 till !r\ . Unt if the f'lrci-^o prlco of k^I'I Is t'l bo ;ireatty and i)er:nan< nlly lower tlian li.4 tho nonro, nur ri'teiilion ot tbo hovureij^n, or a quarter oi' nn uumu oi' ^uld, a.-t tbu c. muter for our pouutl --Icrli:!;;, will t-iiit tlie b.nu.i ynv- pose ol' fuabli-.g priecs ith };o]i\ at L.6 the ounce, the JiL-nrerofa pound note wouhi only get l-flth of un ounce by this system, while by the other he woult* demand a 8urei«ign. IsKCONDLY.— With the foroign price of gold below our lUed price, rr is decididly the intkhest of OLU INDUSTRY THAT WE SllOtLD SUSTAIN THR LaW A8 IT NOW STANL'M, AND PREPI'U THE (iOLD TO THE TAPKR COUNTER. Afi TENDING MOltK TO ENCOUFA(JB TUi; IMIOUrATION FROM AMERICA (>F THE LAUOE8T lliSSlliLR SHARE OF THK GOLD NOW OETTINU IN t'AlilFORMA. The American will bring moro gold Irto if be /' sur>- to get, at the British Mint, four soTe- ri-i;>na for hi.s ounce of gold, than if tlio nomin.il market priro in London were L.3, for he could not depend ou gotting British goods equally cheap in proportion. The [irico of cummodities is only directly regututod by th. demand for the particular articlos. and (oven at present tbo low ft\ed prico of gold rhielly operates on prices by npsuttiug our currency throui^h teiulingtoita rsport),' the prico of gold has only au indirect and often reiaote elfict uu thom to tbo extent it incroaso:i op decreases tho domaml for goods. Now (supp isim; wogi>s to have risen 50 per cent., or tbo cloth to ha\o risen in prico to Is 6d, whoso Peel or starvation price I assumed as Ifi), tho American, if ho got 1 sovi.riiigna for his ounce of gold, could buy 53 y-irds ..f tho cloth, wboroas, wore the market prico of gold down to GUs an ount-t', h*' b-dn^ paid in p ipor |K>nndH, would only L;rt 10 yards ot tho cloth at Is til for his ounc'j ol K'dd. Thus it is clear wo should get more };obl from America by >^uitainiii^ our pr. -out money law. and this is vital for us. nut only as securing ua larjjer n-Aan tho dovelopmont of tliuir b^mking systom, and the lens ability tliey will posHoss to hold their cotton for i.igb prbcH, mid to increase their mimufaeturin-^ oppohitiun tons in t)iiiiro>vn raarkotn and choKO of nttior count rie.s. Had tho Antoricuns not requind to send aw.iy, to curry ou their w v in Mexico, tlio gold they drew from us in IS 17, I bey c.»u!d have hold thar cotton for spocuhitivo prices Ui^t year, and thus aggravated indefinitely onr manuf.Mturing diKtn-flb in this country. 1 b pt' the vast importance of the suBJfiicr or MONKY a, this puyhair-aii- tl.e paper ponnd nrter of an ounre qually clear, thiit price, the paper L of gold, us then, -rof a pound note ihfs K]>Bteni, whilo 31-eign, ricforfTotdtielow ilE INimiEST OP JsTAiNTHK Law riE GOLD TO THB K TOBNCOURAOK )F THB LAU0E8T JW QBTTINO IN L bring mure gold L Mint, tour Eore- nomin.il market d not depend on t in pru^rtiun, tly regulated by M, ami (ovun at letty oporatua on yli loading to ita nu indirect and tlio extent it nd for goods, 50 per cent., or d, whoso Peel or noricaii,if hogot lid buy 51 y,irdN Bt price of gold n p ipor iionnds, t ly (ij lor liis hi. old Ket more ]'rt>ont moiiyy y as Rernrinjr us ho less ^'old the iw.T will l„< tho II, and the 'c»a cotton for l.igh irini,' opposition other countries, daway, to carry druw I'ronius in I lor .speculative indefinitely our 10 SUBJECT OP ill bu held isulli- this uttooipt to ct on such aiili. from formini^ a >U((h with gold li.\ed price, our rtiblo into gold vil become the present money ouch abroad as n; I'oreigii price always desired INCONTKUVEK- N.\N, n Ihellrst Parlia- FrvHiilont of the > and Hamilton,