The Bank of England: And the Organisation of Credit in EnglandLongmans, Green, Reader, & Dyer, 1866 - 869 páginas |
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Página 3
... bullion which may be brought into that department for the purchase of such notes , and shall repay sove- reigns , on demand , for all notes of the Bank of England presented to the Issue Department by the public . 3. It limits the issue ...
... bullion which may be brought into that department for the purchase of such notes , and shall repay sove- reigns , on demand , for all notes of the Bank of England presented to the Issue Department by the public . 3. It limits the issue ...
Página 6
... bullion . On this ground I must assume that fluctua- tions of the bullion constitute the correct standard by which to measure a paper - currency . ”米 If this maxim were strictly carried out , it would lead to universal ruin . Lord ...
... bullion . On this ground I must assume that fluctua- tions of the bullion constitute the correct standard by which to measure a paper - currency . ”米 If this maxim were strictly carried out , it would lead to universal ruin . Lord ...
Página 8
... bullion , and mismanagement consists either in putting out large quantities of paper - money and rapidly calling them in again , when there is a cor- responding increase or decrease of the bullion : or , in taking in large quantities of ...
... bullion , and mismanagement consists either in putting out large quantities of paper - money and rapidly calling them in again , when there is a cor- responding increase or decrease of the bullion : or , in taking in large quantities of ...
Página 13
... bullion , such regulation being deemed essential for the certain maintenance , under all circun- stances , of the convertibility of paper issues and specie . " The true answer to this is that , it is the busi- ness of a Bank that ...
... bullion , such regulation being deemed essential for the certain maintenance , under all circun- stances , of the convertibility of paper issues and specie . " The true answer to this is that , it is the busi- ness of a Bank that ...
Página 22
... bullion has been generally chosen for that purpose . Now , the idea has occurred to a great many persons , that if it be necessary only that a paper currency should represent some article of value , why should it not represent any or ...
... bullion has been generally chosen for that purpose . Now , the idea has occurred to a great many persons , that if it be necessary only that a paper currency should represent some article of value , why should it not represent any or ...
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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...