Currency and BankingH. S. King, 1876 - 176 páginas |
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Página 40
... ment ; it did not fulfil the contract entered into to de- liver money . The case was wholly different with debts contracted subsequently to the enactment of the law which declared greenbacks legal tender . The creditor had been ...
... ment ; it did not fulfil the contract entered into to de- liver money . The case was wholly different with debts contracted subsequently to the enactment of the law which declared greenbacks legal tender . The creditor had been ...
Página 41
... ment to pay such dollars , without any stipulation as to the time when they would be given . It was for him to consider when he gave away his goods , what the promise of a dollar or the piece of paper might be worth in the stores ...
... ment to pay such dollars , without any stipulation as to the time when they would be given . It was for him to consider when he gave away his goods , what the promise of a dollar or the piece of paper might be worth in the stores ...
Página 42
... ment . This is the essence of the action of a bank - note . Such a note acknowledges that the issuer owes the money stamped on it to the holder of the note . A seller by taking the bank - note makes himself the creditor of the ...
... ment . This is the essence of the action of a bank - note . Such a note acknowledges that the issuer owes the money stamped on it to the holder of the note . A seller by taking the bank - note makes himself the creditor of the ...
Página 44
... ment is the issuer . It owes money - whether to pay in- terest on a national debt , or on the purchase of supplies and stores for its wants ; it pays with notes , which pledge the actual giving of coin at some future time . A Government ...
... ment is the issuer . It owes money - whether to pay in- terest on a national debt , or on the purchase of supplies and stores for its wants ; it pays with notes , which pledge the actual giving of coin at some future time . A Government ...
Página 50
... ment , and they can always plead necessity at pleasure . The conclusion is that a Government is a bad direct issuer of paper currency , and every nation would do well not to fall into such a snare . But a Government may employ indírect ...
... ment , and they can always plead necessity at pleasure . The conclusion is that a Government is a bad direct issuer of paper currency , and every nation would do well not to fall into such a snare . But a Government may employ indírect ...
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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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