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Peace and Reform (1815-1837)

Note 2 — PEACE AND REFORM

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The depression in the rate of interest created by this monetary plethora is thus exhibited by Mr. Tooke:

Dates.3 Per Cent. Consols.Premium on Exchequer Bills.

April 3, 1823,73½10 to 12

July 1, 1823,80¾21 to 24

Oct. 3, 1823,82½37 to 40

Jan. 1, 1824,8651 to 53

Apr. 2, 1824,94¼56 to 58

Tooke on the State of the Currency, 1826, p. 41.

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