The Statesman.
London, England, 1810-08-14 00:00:00

T~

It alit baloand by .4ast - _
price of gold is ascribed, by most Of the witnesses,
entirely to an sileAed scarcity of that article, aria.
log sent of an unusual demand for it upon the Vonti.
vent of Europe. This unusual demand fur gold
upon the Continent is described by some' id them
as heiag chiefly for the use of the Prencli -armies
though iticreascil also by that state of alarm, and
fai' tire of conlidenc.., which leads to the practice fi,c
hoarding.
Ytotr Committee are of opinion, that, in
sound and natural state of the British currency, the
foundation of which is gold, 119 increased &mato!:
for gold from other parts of (h werld, .hoWever
. f,oni uhatever causestan have
g s arising,
the effect of limbic* here, for a
.cunsidurabit
period .if time, s material rise in the market.price
of gold. lint before they proceed to expiate the.
gronints of that general opinion; they wish to state,
iopne oilier reasons able"' alone would Mate tint therm
t doubt whether, in point bl fief; such a deinand
fir gold, as is, llegeds has ups atql in the mimeos,
Supsti.sed.
.et
If there were an unusual demand for goltuport
the Continent, such as could induence its market,
price in this country, it weird of *ctiarsi,induence.
also, and indeed in the first instance, its price in the.
Continentsl markets i and it was to be expected.
that those who ascribed the high price here to a
great demand abruadt 4irtild have been prepared to
stale that there was a Cutre:speeding high
_,price
abroad. Your Committee* did not find that tbey 4
ground-d their Inference upon any inph,iiptormal..,
Lion ; so far as your
.(Conimt.:ttee litre beep ena-
bled to ascertain, it does' net splicer theft, *rind
the period when the price of jai() bullion was rising
here, as valued in our paper, there was any cor-
responding rise in the price of gold hellion in the,
market of Ott' Continent,. as vale* Is „their re- ,
iertive Ciirreucies. Mr. Whittiore, *eel, the.
late Gosernor of the Bank,, siated,, that in his
opinion it was the high'price abroad which hatteer.
vied our gold coin out of this country.;
not offer to your Committee any prOof .of
price. Mr. Greffulhe, a Contineatal Merchant',
win) appeared to be remarkably well informed in the
detai's of trade, tieing asked by the Committee, if
he could state whether.any change had taken place
in the price of gold In any of the fit reign markets
within the last yea: ? answered, 66 No very mate.. 4
rial chino that lam aware of." Upon a Wise.
quent day, having had time to reft:r to theeettial
prices, he again stated to the Committee, 46 I keg
leive to observe, that there has been no alteration,
of late in the Mint i.rice of gold in foreign places,,
nor have the Market prices experienced an advancei
at all -relative to the, rise that has taken place in
England:' one of the parrs I have delivered chews
the foreign pares reduced into sterling moneyet
the , resent low rates of exchange, and the excess
above one market price may he considered as,aluititi
equal to the ch trges of conveyanee.", ,The ppm-
he refers to will be found in' the A ollestd,ix ; arl.stiis
statement made by' Mr. Gran:the Of !Mk "pi
light upon this part of the sohjecti as it,atiewsl
that the actual [Weed of geld, its the foreign mar-
kets, are just so much lower than ks market price
here, as the differeace of tiehange timoolati to. Mt.
Greffelhe's paper is confirmed • lir another, which
been laid before your CoiUmbtee. Mr. Abra-
ham Goldsmid has also stated to your Committee;
that, -tiering that part of last year when the market
p ire of gold here rose so high, iI price et Hain.
b • r4ll did out fluctuate more than from 3.0 4 per
'cu. it.
Here your Committee must.'oirfserre, that boils
*t liamburgkind Amsterdam, where_ the measure
of value is not gold, as in this country,. but silver,
an unusual demand for geld would sallect.its money
price, that is, its price in silver: end that.as it
does not appear that there has been apy, cousider.•
•ble rite in the pries of gold, as valued in silver,.
at those places in the list year, the inference is, that
there was not ant' considerable increase in the do..
eland for gold. fliat permanent rinks the market•
pewit of gold above its Mint-price, which apnea*
by Mr. GI% ffolhe's paper to have taken place fur:
seyeral years both at Ilamburgh said Amsterdam"
may in some degree be ascribed, as your Go n.
cunt:Ave, 'to an alteration which has taken
place in the relative value of the two precious
metal., all-over the world concerning which, teseh
curious and satisfactory evidence will be found in
the Appendix, particularly in the documents laid
Isefoie your Committee by Mr. Allen. Front
the same ceise, a fall in the relative price of ail?
• r appears to have taken place in this entente,
for some time before the increase of our paper PAP.
runty began to opeeille;,`:-
Silver-having falloff inils reiativemlne to gold.
th the• world, go!d,htta popfarg4 to rim in
price in those market* -whore ailter is thiLttletr
ante, and silver hati*a ;veered:to• tell lig ilkso,lllifite
.. •
Buhl Is the fixed measure., .
ti
.wi h resin et to the allegeddeems of so
eliOlb the Confident fist;thelpittli Acjim Prone*
armies, v eest Commit:Ol y tbr"

,Ri,
,r 3 —.--- -.--,,-,;-- ~. ,a.aisk.tilfAct iiltse, !!!, t§o, W
the is anti'ort6ti' 4'l Chest. Irse.-heen. latterV
Winch litcriatild" 'Ti'.i.. aptil iiiiir •-er(nr9p,e, rWit
gold' has hey" ilignielniY•it til !tip Nt. qtystitity which
this great eonnierkaf CiittaVY.Knilplired,, in cowl,
4„,.,,e,. to the auhiglittoti,..4 kaithVr ake4 inuklik!
- cire•tlation. •kid )?piiki Comnditonfittnaat plait*,
• Sharking, that- —bales he . eirdisoptances
..tejto
'ight occasion' Mich -antineicgsod .dernagii mayi*,
evilly It ice ciliated in'.'slOini tlegie than at foram
oeri si,i, yet In lhefortnir wars .iinircOnsuisions 4.
the Confluent., the, must hue ektstid.ia such s
fly .1 degree as to produce anon"
,e0it,..1 tr. Pratteia
Daring 1,39 very jusq...rder" . ii. the :en Teere
War and to that Irmeri'ala 4.ig aPd rem., FPfs:
that no w'ant of littifforiaaslli 1 lelt,ittiliik conii,i'.
. try. Avid upon- riferiii.ii: for Is. cancae. of posa:
to the tuble.s wliiiit ire ti.u6.lilhe fur the use Ai
the merchants, such iii Lroitv., psti..otllirelliot,4
halls Connie of EictiOn-o,4:4yr..cpattpittea h.ll7titj
round, that from 1141- nvididle priheyeo 177,3, Whsill
the reformation of the kiftl: iAln took `placp,isliti
shoat the middle of the le-41i l'pt); two pus Ilifisi
the suspension of the cash payments of .thefwhi;
the market price of standard gild is bars rinn)iiiiiii.
41
steadily nniform at the prjp:Af, ,17tigig.10,4111114.
with the small ailowanenfor 1# tiiitmcittyso;
Mint, equal to vhe Adiaiippi..Atalt4,l9V
witb the: czcep4ol tiros* yistioql". P
• ..A-A.l ii.4;tl
• 34

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a 14 .vgia A... 9414

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