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[Page 2]
Generaly Speaking there never has been Since the Bank of England ceasd to pay in Cash in 1797 Gold Bullion offerd for Sale at the Bullion office at mint Price
Before this time intervals of Several months & Sometimes possibly a year when Gold was said to have no Price that is when none was offerd for sale at the mint Price & the Bullion office but the Present day interval of near 8 years duration is an example. What then Can be the Cause why Gold Bullion has so suddenly risen above the mint Price & so steadily kept above it, is the Reason what Lord King has Stated it to be a Depreciation of Bank paper?
I say no, how Can it be urgd that Bank paper by in any Shape diminishd in Value when the Current Coin of the Countrey is, whenever it is usd in Circulation Exchangd without Premium for Bank paper & when there is no man of Business in Great Britain who would hesitate a moment in the Question of whether he should Receive 10,000£ in Bank paper or in money except by giving a Preference to the paper
Can it be said that this Stoppage of the Bank had producd any effect whatever on the value of the Precious metals Gold & if so what must that effect be?
it does not appear in any Shape probable that the Stoppage of the Bank can have Producd any chan effect on the Price of the Precious metals Gold or if it has this Effect must tend to Render these it