The Financial and Commercial Crisis Considered (Classic Reprint)

Excerpt from The Financial and Commercial Crisis Considered<br><br>The recurrence at the present time of one of those visitations of commercial and financial distress of which I have, during a long life, experienced so many, has once more forced upon the consideration of Parliament and the public the interminable subject of banking and circulation. Whatever may be the variance of opinions on other parts of the subject, it seems by all admitted, that the general condition of commerce is sound and satisfactory; and the truth of this position is sufficiently proved by the fact, that the intensity of the pressure has been attended with no unusual amount of failures or bankruptcies - the storm, however severe, has as yet cast few or no wrecks on shore.<br><br>The prudence and sagacity of merchants not being in fault, we are naturally led to look for our difficulties in the derangement of our monetary system; and there, beyond all doubt, they will be found.<br><br>About the Publisher<br><br>Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com<br><br>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.