Banking Theories in the United States Before 1860Harvard University Press, 1927 - 240 стор. |
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Сторінка 24
... tend mainly to create a money aristocracy . He explained that banking " affords its facilities never to the poor , but as much as possible to the rich . The poor deal in small and insignificant sums , not worth the at- tention of a ...
... tend mainly to create a money aristocracy . He explained that banking " affords its facilities never to the poor , but as much as possible to the rich . The poor deal in small and insignificant sums , not worth the at- tention of a ...
Сторінка 36
... tend to raise the rate of interest be- cause of their insistence upon punctual repayment of loans . Ham- ilton conceded that this requirement by banks sometimes obliges " those who have adventured beyond both their capital and their ...
... tend to raise the rate of interest be- cause of their insistence upon punctual repayment of loans . Ham- ilton conceded that this requirement by banks sometimes obliges " those who have adventured beyond both their capital and their ...
Сторінка 46
... tends to monopolize the function of providing the media of payment , and taxes the community by charging interest for its issue . This second point of view overlooked what those who regarded bank notes as a saving device emphasized ...
... tends to monopolize the function of providing the media of payment , and taxes the community by charging interest for its issue . This second point of view overlooked what those who regarded bank notes as a saving device emphasized ...
Сторінка 48
... tend to replace metallic money , many critics gave quite a different interpretation to this fact . The expulsion of specie by paper currency was to them one of the most severe indictments against banks Colonial writers had commonly ...
... tend to replace metallic money , many critics gave quite a different interpretation to this fact . The expulsion of specie by paper currency was to them one of the most severe indictments against banks Colonial writers had commonly ...
Сторінка 51
... tend to banish gold and silver out of the country " as " the last , and heaviest charge against them . " The current reply , " that it is immaterial what serves the purpose of money , whether paper , or gold and silver ; that the effect ...
... tend to banish gold and silver out of the country " as " the last , and heaviest charge against them . " The current reply , " that it is immaterial what serves the purpose of money , whether paper , or gold and silver ; that the effect ...
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Banking Theories in the United States Before 1860 Harry E. Miller Попередній перегляд недоступний - 1927 |
Banking Theories in the United States Before 1860 Harry E. Miller Попередній перегляд недоступний - 2011 |
Banking Theories in the United States Before 1860 Harry E. Miller Попередній перегляд недоступний - 2011 |
Загальні терміни та фрази
29th Congress accommodation loans American State Papers amount balance of trade Bank Commissioners bank credit bank currency bank notes Bankers banking system bills of exchange Bollman borrowers Boston business cycle C. F. Adams capital cash cause Chapter circulating medium coin colonial Colwell commercial paper committee crisis of 1857 Currency and Banking demand depositors discount England Essay export Free Banking funds Gallatin gold and silver Gouge H. C. Carey H. F. Baker Hildreth History of Paper Hunt's Merchants Ibid increase lend Letter Magazine Massachusetts media of payment metallic money Mixed Currency Money and Banks Nathan Appleton National Bank North American Review note issue panic paper currency paper money period Philadelphia Political Economy Political Economy 1856 Principles of Political quantity Raguet real paper Report reserves Samuel Hooper speculation Theory of Money Tucker U. S. House United urged usury laws Vethake wealth writers York banks
Популярні уривки
Сторінка 25 - I had been of some service, thought fit to reward me by employing me in printing the money ; a very profitable job and a great help to me.
Сторінка 56 - Should the circulating paper at any time exceed that sum, as the excess could neither be sent abroad nor be employed in the circulation of the country, it must immediately return upon the banks to be exchanged for gold and silver.
Сторінка 25 - There is a certain proportionate quantity of money requisite to carry on the trade of a country freely and currently ; more than which would be of no advantage in trade, and less, if much less, exceedingly detrimental to it.
Сторінка 181 - And though laws which violently sink the legal rate of interest greatly below the market level, are not to be commended, because they are not calculated to answer their aim ; yet, whatever has a tendency to effect a reduction, without violence to the natural course of things, ought to be attended to and pursued.
Сторінка 28 - First. The augmentation of the active or productive capital of a country. Gold and silver, when they are employed merely as the instruments of exchange and alienation, have been not improperly denominated dead stock; but when deposited in banks, to become the basis of a paper circulation, which takes their character and place, as the signs or representatives of value, they then acquire life, or, in other words, an active and productive quality.
Сторінка 37 - Let us suppose, for example, that the whole circulating money of some particular country amounted, at a particular time, to one million sterling, that sum being then sufficient for circulating the whole annual produce of their land and labour. Let us suppose too, that some time thereafter, different banks and bankers issued promissory notes, payable to the bearer, to the extent of one million, reserving in their different coffers two hundred thousand pounds for answering occasional demands.
Сторінка 57 - Among other material differences between a paper currency, issued by the mere authority of Government, and one issued by a Bank, payable in coin, is this—That in the first case, there is no standard to which an appeal can be made, as to the quantity which will only satisfy, or which will surcharge the circulation; in the last, that standard results from the demand.
Сторінка 18 - A national bank of deposit I believe to be wise, just, prudent, economical, and necessary. But every bank of discount, every bank by which interest is to be paid or profit of any kind made by the deponent, is downright corruption. It is taxing the public for the benefit and profit of individuals; it is worse than old tenor, continental currency, or any other paper money.
Сторінка 38 - Let us suppose too, that some time thereafter, different banks and bankers issued promissory notes, payable to the bearer, to the extent of one million, reserving in their different coffers two hundred thousand pounds for answering occasional demands. There would remain, therefore, in circulation, eight hundred thousand pounds in gold and silver, and a million of bank notes, or eighteen hundred thousand pounds of paper and money together. But the annual produce of the land and labour of the country...
Сторінка 34 - There is a leading view in which the tendency of banks will be seen to be to abridge rather than, to promote usury. This relates to their property of increasing the quantity and quickening the circulation of money. If it be evident that usury will prevail or diminish according to the proportion which the demand for borrowing bears to the quantity of money at market to be lent ; whatever has the property just mentioned, whether it be in the shape of paper or coin, by contributing to render the supply...