Banks and bankersWhittaker and Company, 1842 - 411 стор. |
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ADAM SMITH'S DOCTRINES amongst amount appear ATTWOOD THEORY Bank directors Bank of England Bank of Ireland Bank of issue Bank of Scotland bank-notes Bankers Banking Company bankrupt bills of exchange Bullion Committee capital cash payments cent circumstances coin commercial consequence Countess of Jersey country Banks dealers debt demand deposits discount dividends effect England notes establishment foreign exchanges gold and silver Government Horsley Palmer House of Commons increase interest joint-stock Banks labour legal tender liabilities loan London Lord Lord Althorpe Loyd's Manchester manufacturing ment merchant Messrs metallic millions mischief monetary obliged one-pound notes operations opinion pamphlets panic paper currency paper money Parliament period pounds present principles Private and joint-stock private Banks produced profits quantity reduced regulating rency rendered Ricardo rule Samuel Jones Loyd securities shares shillings Smith specie things tion trade transactions whole
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Сторінка 47 - It is not by augmenting the capital of the country, but by rendering a greater part of that capital active and productive than would otherwise be so, that the most judicious operations of banking can increase the industry of the country.
Сторінка 49 - The commerce and industry of the country, however, it must be acknowledged, though they may be somewhat augmented, cannot be altogether so secure, when they are thus, as it were, suspended upon the Daedalian wings of paper money, as when they travel about upon the solid ground of gold and silver.
Сторінка 53 - But those exertions of the natural liberty of a few individuals, which might endanger the security of the whole society, are, and ought to be, restrained by the laws of all governments, of the most free, as well as of the most despotical. The obligation of building party walls, in order to prevent the communication of fire, is a violation of natural liberty, exactly of the same kind with the regulations of the banking trade which are here proposed.
Сторінка 49 - The circulation of every country may be considered as divided into two different branches ; the circulation of the dealers with one another, and the circulation between the dealers and the consumers.
Сторінка 54 - A paper money consisting in bank-notes, issued by people of undoubted credit, payable upon D 5 demand without any condition, and in fact always readily paid as soon as presented, is, in every respect, equal in value to gold and silver money, since gold and silver money can at any time be had for it.
Сторінка 224 - That should this great corporation, conducted by directors who are not personally responsible, succeed, by means of these exclusive advantages, in their apparent object of supplanting the existing banking establishments, they will thereby be rendered masters of the circulation of the country, which they will be enabled to contract or expand according to their own will, and thus be armed with a tremendous power and influence, dangerous to the stability of property and the independence of the country.
Сторінка 174 - That this court cannot refrain from adverting to an opinion strongly insisted on by some, that the Bank has only to reduce its issues to obtain a favourable turn in the exchanges, and a consequent influx of the precious metals : the court conceives it to be its duty to declare, that it is unable to discover any solid foundation for such a sentiment.
Сторінка 303 - Notes ; and recourse may be had, for the purpose of procuring payment, to each description of property at the same time. Execution is not confined to the real property of a debtor merely during his life, but proceeds with equal effect upon that property after his decease. The law relating to the establishment of Records, gives ready means of procuring information with respect to the real and heritable estate of which any person in Scotland may be possessed.
Сторінка 48 - The gold and silver money which circulates in any country," he observes, " may very properly be compared to л highway, which, while it circulates and carries to market all the grass and corn of the country, produces itself not a single pile of either. The judicious operations of banking, by providing, if I may be allowed so violent a metaphor, a sort of waggon-way through the air, enable the country to convert, as it were, a great part of its highways into good pastures and corn-fields, and thereby...
Сторінка 40 - In their early intercourse with Europeans, the article that attracted most notice was iron. Its utility in forming the instruments of war and husbandry made it preferable to all others ; and iron soon became the measure by which the value of all other commodities was ascertained.