Excerpt from Reform of the Bank of England Note Issue: Statistical Critique on the Operation of the Bank Charter Act of 1844, and Suggestions for an Improved System of Issue; Paper Read Before the Statistical Society of London, on the 17th December, 1872, Reprinted From the Journal of the Statistical Society The subject of the Bank Act of 1844 has always been a favourite theme in this Society, and although it has rarely been treated statistically, yet the Society cannot complain of the lack of variety of Opinions under which it has been brought before them. Of the two parties which stand at the extreme ends of diverging views, the one not only utterly condemns the Bank of England Act and its limit of issue, but recommends the introduction of so-called free banking. The other upholds and praises the Bank Act, but condemns the public for not knowing how to make proper use of it. All the controversy which has hitherto taken place upon the question lies between these two extremes. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com 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.