"The of 1810, which was appointed in consequence of the serious depreciation of the Paper Currency caused by the extravagant issues of Bank Notes by the , in its Report, one of the most celebrated ever made to Parliament, and which is one of the great landmarks in Political Economy, laid down the principles that the Bank must regulate the issues of its Notes by the quantity of Bullion it held, and by the state of the Foreign Exchanges; but unfortunately it entirely omitted to state the practical measures by which its principles should be carried into effect."
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Theory and Practice of Banking
Theory and Practice of Banking, Volumes 1 & 2, by Scottish economist and historian , was published 1855-1856 by Longman, Brown, Green and Longmans, London. Quotes below, unless otherwise noted, are from the fourth edition, London, Green, Reader and Dyer, London.
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