The enquirer. [volume] (Richmond, Va.) 1804-1815, 1810-10-30
0Bo1leattr.
FROM THE DKmocRArIe pREss.
is ENGLAND A sIrUATIoN

IS ENGLAND IN A SITUATION
To Withhold Justice from the United States
with safety TO herselt>
DO not her errors aud misconduct aid and
instruct US {?
The condition of the i.aher medium osthe
Brltish Kingdoms. demands the utmost at
tentlon of our government and people.--A
report OF a committee of the British House
OF Commons has been recently published
from which 1t appears, that the prices of
ooth S0fa and silver In their bank notes
ana paper. was Is per cent. above the mint
prices IN the month of December 1868
1t also appears from speech of the Mar
gus OF Lansdown (their late fnancier) in
the House Of Lords, that an uncommonJv
large issue of paper took place in the wear
following, that is in the last year, 1907
he difhcnlty ofprocuring g. 1875 600 ster
ing Tor the Walcheren expedition. has been
puolCKiy stated, as constituting an obstruc
non 10 tue plan OF that tavorite operation
Ii is stated by sir Philip Francis, an able
member of the British house of commons
hat the circulating paper Of the public and
private banks otAsreat Britain and Ireland
(with a sum OF circulating India bonds)
make at this time floating paper medium
OF 557 5000 600 dollars. The ordinary cir
culating specie ofthe Bri ism Kingdoms has
been estimated at about ITO millions of dol
lars. u appears probable therefore tba,
since the year 1897. when the bank of Eng
land was FIRST authorised against law bv an
arbitrary 'ordei' in council" to paw onlv in
heir own paper, the deposits of foreign and
native persons or governments, the British
HGIer medium has INCREASED so as 10 a
mount to hye times the amount Of their specie
medium 1t is easy TO perceive. that ALI
the eXnprIc frnun 3,
to tins country must have been kept Is or
20 per cent. higher by this Circumstance.
than they would have been, if there had
been none OF this vast sum of circulating,
paper
IL Is important to rememberthat Sir Phi
up Francis also states the funded end nm
funded debts of Great Bri ain and Ireland
20 amount in 1910 to <. GIG, S82,755 sterling.
equal to a, 072 644 242 dollars, of which the re-
is always partial use or circulation. sn
pei ceding the necessity of the bank paper
and coins.
lnprocuring the manufactured supplies
OF TINS country from Great Britain, these
hundreds OF millions of paper are used and
charged 10 us as sterling specie. The bri
tSh agents and merchants, and our imnor
tiers, consider he prices as. in good ETC
tive money and Charge advances upon them
III our money rs such. 1t is plain, that the
consumers in this country suffer by such ar
uhcial prices: and it is also plain that Brj
tlsh manufactures, by thus Coming ont
dearer than formerly, and dearer than thew
would do, If paid for in coin, !give consjde
dera6Ie ddUa1tage TO our manufacturers.
IL we consider that the funded and unfun
ded debt OF the British Kingdoms, the pub.
iic and private bank notes and the India
notes or bonds. amount to one thousand and
forty one millions, eight hundred Thousand
pounds sterling, we must consider the pub.
lie system of that country, in a hazardous
and uncertain state. 1t appears from re
cent speech Of Earl Gray (ately Howickl
that the public ezpences have been cncreas-