The Bank of England: And the Organisation of Credit in EnglandLongmans, Green, Reader, & Dyer, 1866 - 869 páginas |
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Página 15
... . Currency , as will be presently shown , has nothing to do with prices , the real use of currency being to circulate commodities and transfer debt . CHAPTER III . THE FALSE CURRENCY PRINCIPLE . " THAT FALLACIES EXPOSED . 15.
... . Currency , as will be presently shown , has nothing to do with prices , the real use of currency being to circulate commodities and transfer debt . CHAPTER III . THE FALSE CURRENCY PRINCIPLE . " THAT FALLACIES EXPOSED . 15.
Página 19
... debt by a far larger circle of persons than the notes of an obscure and remote country bank . But Lord Overstone excludes Bills from the term , " Currency , " because their amount is not determined by the laws which de- termine the ...
... debt by a far larger circle of persons than the notes of an obscure and remote country bank . But Lord Overstone excludes Bills from the term , " Currency , " because their amount is not determined by the laws which de- termine the ...
Página 21
... own view , what would he gain by it if it were admitted ? For , what is it that exists in all places , in all times , and among almost all persons ? The answer is - DEBT OR SERVICES DUE . And THE FALSE CURRENCY PRINCIPLE . 21.
... own view , what would he gain by it if it were admitted ? For , what is it that exists in all places , in all times , and among almost all persons ? The answer is - DEBT OR SERVICES DUE . And THE FALSE CURRENCY PRINCIPLE . 21.
Página 22
... DEBT ; and that , WHATEVER REPRESENTS TRANSFERABLE DEBT IS CURRENCY . All persons , except those who advocate an in- convertible paper currency , agree that a paper currency must represent some article of value , and bullion has been ...
... DEBT ; and that , WHATEVER REPRESENTS TRANSFERABLE DEBT IS CURRENCY . All persons , except those who advocate an in- convertible paper currency , agree that a paper currency must represent some article of value , and bullion has been ...
Página 24
... Debt of this country was Bank of England Stock , which was advanced to the Government , in consideration of privileges conferred , and as these advances were made from time to time , increasing the Public Debt to the same amount , the ...
... Debt of this country was Bank of England Stock , which was advanced to the Government , in consideration of privileges conferred , and as these advances were made from time to time , increasing the Public Debt to the same amount , the ...
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Términos y frases comunes
affairs amount of notes augment Bank Act Bank Charter Act bank notes Bank of Eng Bank of England Bank of France Bank rate bank-notes bankers Banking Department banking reserve Banks of Issue Banque capitalists cent coin and bullion coinage commerce commodities consequence credit money currency Debt demand deposits diminish effect Émile Pereire England notes equal established export fact fixed funds gold and silver increase Isaac Pereire Issue Department issue notes issue of notes Joint-Stock Banks legal tender loanable capital London Lord Overstone loss means ment Michel Chevalier millions monopoly National notes in circulation notes issued operations panic paper money payment precious metals present principle privilege produce profit proportion quantity question raising the rate rate of discount rate of interest regulated render reserve of notes silver coin Sir Robert Peel specie tion trade and industry wants whole Wolowski
Pasajes populares
Página 829 - ... in all parts of the United States in payment of taxes, excises, public lands, and all other dues to the United States, except for duties on imports; and also for all salaries and other debts and demands owing by the United States to individuals, corporations, and associations within the United States, except interest on the public debt, and in redemption of the national currency.
Página 259 - The property which every man has in his own labor, as it is the original foundation of all other property, so it is the most sacred and inviolable.
Página 830 - ... whenever the lawful money of any other association shall be below fifteen per centum of its [circulation and~\ deposits, such association shall not increase its liabilities by making any new loans or discounts...
Página 654 - ... which he would otherwise be obliged to keep by him unemployed, and in ready money for answering occasional demands.
Página 268 - England to borrow owe or take up any sum or sums of money on their bills or notes payable at demand or at any less time than six months from the borrowing thereof...
Página 657 - 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.
Página 832 - No association shall make any loan or discount on the security of the shares of its own capital stock, nor be the purchaser or holder of any such shares, unless such security or purchase shall be necessary to prevent loss upon a debt previously contracted in good faith...
Página 828 - Federal reserve bank making such deposit in the manner provided by existing law, shall be entitled to receive from the Comptroller of the Currency circulating notes in blank, registered and countersigned as provided by law, equal in amount to the par value of the bonds so deposited.
Página 460 - ... have on hand, in lawful money of the United States, an amount equal to at least twenty-five per centum of the aggregate amount of its notes in circulation and its deposits...
Página 268 - Be it therefore declared and enacted, that any body, politic or corporate, or society, or company, or partnership, although consisting of more than six persons, may carry on the trade or business of banking in London, or within sixty-five miles thereof...