Excerpt from Banking; Reasons in Support of a Bill for Rendering Country Bankers' Circulation Invariable, and Convertible Into a Metallic Currency, and for Granting Licences to Chartered Banks: Most Respectfully Addressed to the Right Hon. Lord Althorp, Chancellor of the Exchequer, and Chairman of the Secret Committee, Appointed by the House of Commons in Session 1832 Supposing 10 per cent to be subscribed on the esti mated value of the real estates in England and Wales, say and allowing each Chartered Bank, to issue paper for three times more than the subscribed capital. It would produce a circulating currency of and this may be considered a fair ratio to estimate the amount required, to which I would add, for the extra capital of which by 3 would give, say making together 18 millions. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.