1819: The Debates on Resumption

  • Barry Gordon


The Ricardo Plan for resumption, as recommended by the Secret Committees, was debated in the Lords on 21 May. However before the debate proper, Lauderdale introduced a petition from the merchants of London requesting retention of the restriction on cash payments.l The Earl was most sympathetic to the viewpoint of the petitioners inasmuch as ‘they objected to the plan of the Bank committees, as tending to produce a forced diminution of the circulating medium, and thereby to cause the greatest distress …’


Political Economy Monetary Policy Prime Minister Foreign Exchange Money Supply 
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  1. 4.
    and Sir John Craig, The Mint (Cambridge University Press, 1953) 284–8.Google Scholar
  2. 6.
    See, e.g., Ephraim Gompertz, A Theoretic Discourse on the Nature and Property of Money (London: Richardson, 1820).Google Scholar

Copyright information

© Barry Gordon 1976

Authors and Affiliations

  • Barry Gordon
    • 1
  1. 1.University of NewcastleAustralia

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