Blackwood's Edinburgh Magazine, Volume 56, Number 350, December 1844Various
History
Blackwood's Edinburgh Magazine, Volume 56, Number 350, December 1844
Various
England -- Periodicals; Scotland -- Periodicals
This may, on the whole, be considered as an impartial report; and, as
it is as well in every case to disencumber a question from
specialties, we shall state here that experience has since shown that
there has been no tendency whatever to the introduction of Scottish
notes into England. With regard to the other special point referred to
by the committee--that of forgery--such a thing as a forged bank-note
is now unknown in Scotland. The evidence taken before the last
committee on banks of issue in 1841, established the fact, that since
the improved steel plates were brought into general use, there has
never been a forgery of a note. Such being the case, it is unnecessary
here to dispute the wisdom of that policy which would leave a great
national institution at the mercy of a single forger. The experience
of this last month alone might show how wretchedly that test would
operate if applied even to the Bank of England.
Setting these specialties aside, the only possibly grounds which this
committee saw for any future legislative interference were, "the
increasing wealth and commerce of Scotland, the rapid extension of her
commercial intercourse with England, and the circumstances which may
affect that intercourse after the re-establishment of an English
metallic currency." To us the first part of this reservation sounds
somewhat like a threat of future bleeding when Scotland shall have
become more pursy and plethoric. Nevertheless we are ready to join
issue with our opponents on any of these grounds.
The report of the Lords was even more favourable; and, at the risk of
being thought tedious, we cannot refrain from inserting their
admirable digest of the evidence, which, for candour and clearness,
might be taken as a universal model.
Public-domain text, read in full here on John Shaqi.
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