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The Paper Currency of England Dispassionately Considered / With Suggestions Towards a Practical Solution of the Difficulty cover

The Paper Currency of England Dispassionately Considered / With Suggestions Towards a Practical Solution of the Difficulty

The author examines England's paper currency and the Bank Charter Act of 1844, defending the act's provision for decennial revision and the state's right to redeem note-issuing privileges while criticizing the act's underlying monetary theory as fallacious. He emphasizes the benefits of periodic reassessment for public welfare and for checking the entrenched monopoly of note issuance, argues that banks holding exclusive rights should be prepared to surrender them, and critiques the Act's treatment of country banks. The essay confines itself to English circulation, outlines the law's main provisions and practical difficulties, and offers suggestions toward a practicable reform of the currency system.

By John Haslam
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EconomicsHistory - British

About This Book

The author examines England's paper currency and the Bank Charter Act of 1844, defending the act's provision for decennial revision and the state's right to redeem note-issuing privileges while criticizing the act's underlying monetary theory as fallacious. He emphasizes the benefits of periodic reassessment for public welfare and for checking the entrenched monopoly of note issuance, argues that banks holding exclusive rights should be prepared to surrender them, and critiques the Act's treatment of country banks. The essay confines itself to English circulation, outlines the law's main provisions and practical difficulties, and offers suggestions toward a practicable reform of the currency system.

About the Author

Haslam, John portrait

John Haslam

John Haslam was a notable English physician and writer in the 19th century, primarily recognized for his contributions to the field of medical jurisprudence and the understanding of mental health. His works often explored the intersections of law and psychiatry, with significant titles including "Medical Jurisprudence as it Relates to Insanity, According to the Law of England" and "Observations on Insanity." Haslam's writings provided practical insights into the nature of mental illness and its implications within the legal system, making him a key figure in the early discourse on insanity and its treatment. His analytical approach to the subject has left a lasting impact on both medical and legal fields.

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