INTRODUCTION1

CHAPTER ��ON THE CORN TRADE IN 1838 AND 18393
SECTION 1 Cursory review of the seasons and crops of 1836 and 18373
SECTION 2 Character of the season in 1838�� prices and estimated produce of wheat6
SECTION 3 Character of the season of 1839�� prices and estimated produce of wheat13
SECTION 4 Relative prices of wheat and barley18
SECTION 5 Influence of the corn laws on prices20
SECTION 6 Effects which a bounty would have had43
SECTION 7 Suggestion of the substitution of a fixed duty46
SECTION 8 Conjecture as to the prices at which wheat would range in the event of a free trade48
SECTION 9 On the effect of the prices of provisions on the condition of the working classes51


CHAPTER �� ON THE PRICES OF PRODUCE�� OTHER THAN CORN53

CHAPTER �� ON THE STATE OF THE CIRCULATION IN 1838 AND 183966
SECTION 1 Causes of the recent depression of our foreign exchanges�� and the consequent drain on the coffers of the Bank of England67


SECTION 2 On the regulation of the bank issues in 1838 and 183975
SECTION 3 Doctrine of the supposed duty of the Bank of England to accommodate the trade�� and to support the commer credit of the country100
SECTION 4 Result of the review of the management of the bank in 1838 and 1839112
SECTION 5 Vindication of the bank from some groundless charges114
SECTION 6 Examination of the effects imputed by mr�� hume in his speech of the 8th of July�� 1839�� to the management of the Bank of England120

CHAPTER �� ON THE SEVERAL ALTERATIONS PROPOSEDIN THE MANAGEMENT OF THE CURRENCY�� WITH AVIEW TO REMEDY THE EXISTING DEFECTS174
SECTION 1 On the proposed total separation of the business of issuing bank notes from that of the deposits�� and other mere banking operations177
SECTION 2 Plan proposed for retaining the present system of union of the two departments�� with greater security against the risk of suspension187
SECTION 3 On the two schemes which offer themselves�� consistently with the present standard�� in the event of the bank charter not being renewed203
SECTION 4 On proposed plans for altering the standard209
SECTION 5 On the effects of a silver standard211
SECTION 6 On the effects of a double standard216
SECTION 7 On a system of paper circulation without a defined principle of limitation218
SECTION 8 Digression on the suspended american banks228
SECTION 9 Summary of the preceding review of the state of the circulation�� and of some of the alterations proposed in our banking system243

CHAPTER �� OBSERVATIONS ON A RECENT PUBLICATION BY MR�� SAMUEL JONES LOYD�� ��ON THE MANAGEMENT OF THE CIRCULATION�� AND ON THE CONDITION AND CONDUCT OF THE BANK OF ENGLAND�� AND OF THE COUNTRY ISSUES�� DURING THE YEAR 1839��246
Paper communicated by Mr�� Pennington277

APPENDIX286