Currency and BankingH. S. King, 1876 - 176 páginas |
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Página 54
... will circulate , and no more . It is the universal law of all com- modities in use , the law of demand and supply . Neither nkers , nor Parliament , nor suspensions of the Bank Act , nor the need of borrowers , but the.
... will circulate , and no more . It is the universal law of all com- modities in use , the law of demand and supply . Neither nkers , nor Parliament , nor suspensions of the Bank Act , nor the need of borrowers , but the.
Página 55
Bonamy Price. Act , nor the need of borrowers , but the wants and con- venience of the public , its willingness to hold bank - notes , the number and amount of the specific payments which bank - notes accomplish , with a certain spare ...
Bonamy Price. Act , nor the need of borrowers , but the wants and con- venience of the public , its willingness to hold bank - notes , the number and amount of the specific payments which bank - notes accomplish , with a certain spare ...
Página 56
... borrower pays them has already as many notes as his business requires ; the excess now pouring in upon him he either ... borrowers do not take away their loans in bank - notes ; they receive authority from the lending bank to draw ...
... borrower pays them has already as many notes as his business requires ; the excess now pouring in upon him he either ... borrowers do not take away their loans in bank - notes ; they receive authority from the lending bank to draw ...
Página 57
... borrowers to take the loan in bank - notes would have done the Bank no good ; it would have made a simple loan precisely as if these bank - notes had never existed . No issuer of notes can by any possibility add to his resources and ...
... borrowers to take the loan in bank - notes would have done the Bank no good ; it would have made a simple loan precisely as if these bank - notes had never existed . No issuer of notes can by any possibility add to his resources and ...
Página 58
... borrower . But where does the banker get this buying power from ? Not from his own resources , certainly ; he obtains it from the public . The real nature of the act of issuing notes is that the banker has first obtained property or the ...
... borrower . But where does the banker get this buying power from ? Not from his own resources , certainly ; he obtains it from the public . The real nature of the act of issuing notes is that the banker has first obtained property or the ...
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Términos y frases comunes
Bank Charter Act Bank of England bank-notes Bank's banker BONAMY PRICE borrowers bought capital cash cheques and bills circulation coin commodity consumed convertible corn Cornhill Library creditor crisis Crown 8vo debtor debts demand Demy 8vo depositors doctrine English fact farmer Fcap fifteen millions France Frontispiece give gold Government Henry Illustrations inconvertible International Scientific Series Issue Department issuer King and Co.'s legal tender lend lent Library of Fiction LL.D loans LOMBARD STREET loss means ment metal money market nation notes obtain paid panic paper currency paper dollar payment Poems Portrait Post 8vo pound procure Prof Professor profit purchase quantity railway rate of discount receive reserve ROBIN GRAY Second Edition securities sell seller shillings Small crown 8vo sold sovereign Stoke Bishop Stopford Brooke suspension thing Third Edition tion tool of exchange trade Translated University of Erlangen vols Volume wealth word worth
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