A. Andréadès, Christabel Meredith, H. S. Foxwell, Paul Einzig
History of the Bank of England; Part 1 Origin and Development of Banking in
England; Part 2 Foundation of the Bank of England; Chapter 1 Necessity for
a National Bank; Chapter 2 Paterson, His Life and Work.-the Foundation of
the Bank of England; Chapter 3 Organisation of the New Bank; Chapter 4
Results of the Foundation of the Bank; Chapter 5 The Restoration of the
Coinage; Chapter 6 The Land Bank.-Renewal of the Bank Charter; Chapter 7
The Bank of England and the War of Succession; Part 3 The Bank of England
under the Hanoverian Dynasty; Chapter 8 The Bank of England and the South
Sea Company; Chapter 9 The Bank of England in the Reign of George II;
Chapter 10 The Bank from the Death of George II. to the French Revolution;
Part 4 The Bank of England During the French Revolution and the Napoleonic
Wars; Chapter 11 Economic Condition of England at the Time of the French
Revolution; Chapter 12 Financial Policy of William Pitt. 1 I have thought
this chapter essential as an explanation of those which follow, but I have
not written it without many hesitations and with considerable difficulty.
It is very difficult to judge of a financial policy during such a
remarkable period, and Pitt could not reasonably be expected to foresee all
the events of which he was to be an eye witness. To this first difficulty
is added a second, that of finding data for an opinion. The political
struggles were exceptionally violent and they influence nearly all the
books on the subject. Moreover, Mr. Lecky's work stops at 1793. There is no
general history whatever for this period. Lord Stanhope's Life of the Right
Honourable W. Pitt (4 volumes) is anything but a scientific work. The
following may be consulted for the subject matter of the chapter:-A
masterly speech by Gladstone, delivered on May 8, 1854 (see Parliamentary
Debates, third series, Vol, 132, columns 1472-79 devoted to this matter).
McCulloch, Collection of Tracts on the National Debt (with a preface); The
History of the Bank of En
