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Bank of England fixes price of gold by law in 1844
A reader outlines how the Peel act of 1844 compels the Bank of England to pay 3 pounds 17 shillings 9 pence per ounce of standard gold, keeping world gold prices around 1892 with costs for carriage. The piece contrasts this legal price with market value and argues for fair silver coinage alongside gold, referencing Chambers and Britannica.
MENTIONED IN THIS ARTICLE
Bank of England
Depews
Eckelses
Cornwalls
Chamber
Lippincott
Encyclopedia Britannica
Carlisle, Cleveland & Co
Depew
Detroit
Morton