vi been taken from persons whose interests were affected, and whose opinions were adopted, without reflecting that such persons were incompetent judges in their own case; of which, moreover, they took very partial and limited views, while every one shrunk from the investigation of facts with which those who were more immediately concerned were supposed to be conusant. Errors have thus multiplied; but it is consoling to find, that the sources of our prosperity remain entire, and that we have only to correct those errors, in order to advance in improvement with a rapidity and to an extent hitherto unexampled, even in this country. August, 1832. Distress prevalent nevertheless Chiefly in the Agricultural Districts Causes Restraints upon Industry rendered PART I. The Bank of England and its exclusive Privi- lege, with its immediate Consequence Contraction of its Issues by the Bank Over-Issues by the Bank the Cause of over- Issues by other Bankers ib. Deposits Importance of Security to, not con- ib. Country Parts of England thence distressed ib. Standard of Silver must be resorted to, or small Notes must again be issued ib. |