Econlib

The Library

Other Sites

Front Page arrow Titles (by Subject) arrow 112.: grenfell to ricardo1[Fragment] - The Works and Correspondence of David Ricardo, Vol. 6 Letters 1810-1815

Return to Title Page for The Works and Correspondence of David Ricardo, Vol. 6 Letters 1810-1815

112.: grenfell to ricardo1[Fragment] - David Ricardo, The Works and Correspondence of David Ricardo, Vol. 6 Letters 1810-1815 [1810]

Edition used:

The Works and Correspondence of David Ricardo, ed. Piero Sraffa with the Collaboration of M.H. Dobb (Indianapolis: Liberty Fund, 2005). Vol. 6 Letters 1810-1815.

Part of: The Works and Correspondence of David Ricardo, 11 vols (Sraffa ed.)

About Liberty Fund:

Liberty Fund, Inc. is a private, educational foundation established to encourage the study of the ideal of a society of free and responsible individuals.


112.

grenfell to ricardo1
[Fragment]

[...]their Circulation—A private Banker may issue £50000 (and of course must pay for Stamps to this amount) whereas perhaps his permanent Average Circulation may not be more than 40,000.

I sent my letter of Friday last2 with a printed Return of Notes in Circulation, to your House in Brook Street—where I suppose it now may be.

I am my dear Sir Very truly Yours

Pascoe Grenfell.

David Ricardo Esq

The Bank as you may imagine were not very forward in yielding to my Demands for Papers on the subject of their Issues of Notes—nor very active in producing them when ordered—The enclosed Paper on their Circulation of Bank Post Bills was presented after the discussion on the Stamp Bill had terminated—and has been printed since the Close of the Session3

[1 ]MS in R.P.—The last sheet only is preserved; paper watermarked 1814. For dating cp. the next footnote and the opening of letter 115 from which it appears that Ricardo replied on 2 September.

[2 ]Letter 113 of Friday 25 August, below, p. 260.

[3 ]‘An Account of the Amount of Bank Post Bills in Circulation, on the 1st of July 1814...’, ordered by the House of Commons to be printed, 11 July 1815. (Parliamentary Papers, 1814–15 vol. x.)