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... or retained as a reserve by private bankers, does not act on prices until drawn
out, nor even then unless drawn out to be expended in commodities. It frequently
happens that money, to a considerable amount, is brought into the country, ...
... Christmas, and obtains its greatest elevation about Lady-day, when the farmer
commonly lays in his stock, and has to pay his rent and summer taxes,” and when
he therefore makes his principal applications to country bankers for loans.
The practical differences between such government notes and the issues of
private bankers, and the further diversities of which this class of substitutes for
money are susceptible, will be considered presently. § 6. A fourth mode of
making credit ...
In London, even shopkeepers of any amount of capital or extent of business have
generally an account with a banker; ... all the cheques on other bankers which he
has received during the day, and they are there exchanged for the cheques on ...
On the first supposition, they were made by withdrawing deposits from bankers,
and thus cutting off a part of the streams which fed the loan market; on the
Becond supposition, they were made by actual drafts on the loan market, either
by the ...
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LibraryThing ReviewРецензія користувача - JohnPhelan - LibraryThing
Pragmatic or muddled? Mill sets out to explore economic principles but, ultimately, finds that there is no principle which doesn't have any amount of conceivable exceptions. You have to wonder why its ... Читати огляд повністю