The Bank of England: And the Organisation of Credit in EnglandLongman, Green, Longman, Roberts, & Green, 1865 - 462 páginas |
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Página 39
... natural controller . The main business of commercial banking is discounting mercantile Bills , that is , buying ... law as the price of corn , or any other article , if brought under the same law by exactly the like circumstances , but ...
... natural controller . The main business of commercial banking is discounting mercantile Bills , that is , buying ... law as the price of corn , or any other article , if brought under the same law by exactly the like circumstances , but ...
Página 40
... natural law that the price of wheat does , if that law be left uncontrolled in its operation . Now , does not every man of common sense know that , it is foolish to try to control the price of wheat ? It is not the fluctuation of the ...
... natural law that the price of wheat does , if that law be left uncontrolled in its operation . Now , does not every man of common sense know that , it is foolish to try to control the price of wheat ? It is not the fluctuation of the ...
Página 41
... natural law operates to preserve the due proportion between capital and credit , and any interference with this . law must necessarily be attended with the same evil consequences , as an interference with the .natural price of wheat ...
... natural law operates to preserve the due proportion between capital and credit , and any interference with this . law must necessarily be attended with the same evil consequences , as an interference with the .natural price of wheat ...
Página 43
... natural law is manifest . So enormous a proportion of the commodities of this country are produced by the credit system , that a rise in the rate of discounts just hits profits between wind and water . Consequently , a rise in the rate ...
... natural law is manifest . So enormous a proportion of the commodities of this country are produced by the credit system , that a rise in the rate of discounts just hits profits between wind and water . Consequently , a rise in the rate ...
Página 44
... natural law ? In time of scarcity of food and a necessary export of money to buy it , if the rate of discount be kept unnaturally low , nothing but money will go ; commodities are too dear , they will not go . Again , money being kept ...
... natural law ? In time of scarcity of food and a necessary export of money to buy it , if the rate of discount be kept unnaturally low , nothing but money will go ; commodities are too dear , they will not go . Again , money being kept ...
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Términos y frases comunes
amount of bullion amount of gold amount of notes Bank Act Bank Charter Act Bank Notes Bank of Eng Bank of England Bank of France Bank rate bank-notes Bank-rate of discount Bankers Banking Department banking reserve Banks of Issue bills capitalists cent coin and bullion coinage commercial commodities consequences currency Debt deposits diminished effect England notes equal evil exchange export fluctuations gold and silver gold coin increase Isaac Pereire Issue Department issue notes issue of notes Joint-Stock Banks legal tender loanable capital Lord Overstone means ment millions money-panic National natural law never notes in circulation notes issued operations ordinary panic paper money paper-currency payment present principle profit proportion purchase quantity question raising the rate rate of discount rate of interest regulated reserve of notes Sect seignorage silver bullion silver coin sovereigns supply tion trade and industry United Kingdom value of money whole