11 



crease the wealth of a nation. 



In 1819 we took a step backwards. Peel had riot the power 

 of destroying the system of Paper Money. Had he been able 

 to do so, and had he done it, the nation would have retro- 

 graded as speedily as it had advanced. But Peel's Bill crippled 

 the monetary system which Mr. Pitt had introduced. Peel 

 went as far as he dared to restore an exclusively metallic money 

 the money of the early ayes of barbarism. Nor shall we ever 

 permanently prosper as a nation, till we return to a Represen- 

 tative Paper Money the money of civilization and progress. 

 Money which is capable of expanding with expanding wealth 

 and increasing population. Money based upon the great truth 

 that a nation's wealth consists not only in the precious metals, 

 which are drawn out of the mine ; but that there is wealth 

 lying hid in the nerves and sinews of the labourer, the enter- 

 prise of the merchant, the skill of the artizan, the discoveries 

 of science ; which, therefore, gives to every wealth-produ- 

 cing power of man, to land and to labour no less than to 

 gold and silver -its representative, as well as its real valuer 



METCALFE, PRINTER, RETFORB. 



