Note 17 — CONTINENTAL REVOLUTIONS—IRISH REBELLION—ENGLISH DISTRESS.
Reading edition
Small as these numbers are, the amount of notes in circulation is daily still further decreasing. For the week ending 9th September 1848, the amount of notes in circulation of the Bank of England was only £17,844,665. It is no wonder the same journal adds—"The Railway Market was more depressed than ever this afternoon; and prices of all descriptions experienced a considerable fall. London and North Western were done at 105; Great Western stand at 18 to 20 discount."—Times, 10th Sept. 1848.