The Pamphlet Collection of Sir Robert Stout: Volume 69
Not to be Trusted
Not to be Trusted.
While long before that an English financier had stated that public opinion has been proved by results to be more reliable than the arguments of experts trained to think in particular grooves. Of this the operation of Sir Robert Peel's Act of 1844 may be cited as an instance. Living in London till 1848, I heard it popularly said that this "act was calculated to make rich men richer and the poor poorer." There are few that will now deny this view of the case. I submit a plan to illustrate how the proposed new system of a State Bank of Issue may be tested. Let an extensive plain which