A Treatise on Currency and BankingGrigg & Elliot, 1840 - 323 páginas |
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Página vi
... circulation , - 333 · 67 CHAPTER II . - Of the operation of banks of circulation , CHAPTER III . Of the principles by which the profits of banks of circulation are determined , CHAPTER IV . Of the safest and most profitable mode of ...
... circulation , - 333 · 67 CHAPTER II . - Of the operation of banks of circulation , CHAPTER III . Of the principles by which the profits of banks of circulation are determined , CHAPTER IV . Of the safest and most profitable mode of ...
Página vii
... circulation , compared with the bene- fits derived from them , CHAPTER VI . - Of the different kinds of depreciation to which an inconvertible paper currency is liable , · - 154 - 158 · - 168 BOOK THE FOURTH . CHAPTER I. - Examination ...
... circulation , compared with the bene- fits derived from them , CHAPTER VI . - Of the different kinds of depreciation to which an inconvertible paper currency is liable , · - 154 - 158 · - 168 BOOK THE FOURTH . CHAPTER I. - Examination ...
Página xi
... he may be assured that not a phrase has been employed as original , which is not his own property . He knows that in his opinions respecting the influence If and operation of banks of circulation , upon the PREFACE . xi.
... he may be assured that not a phrase has been employed as original , which is not his own property . He knows that in his opinions respecting the influence If and operation of banks of circulation , upon the PREFACE . xi.
Página 17
... circulation ; the former because they are afraid to lend it , and the latter because they expect to profit by for- cing down the prices of property and commodities to a still lower point , the effect of which would be to diminish the ...
... circulation ; the former because they are afraid to lend it , and the latter because they expect to profit by for- cing down the prices of property and commodities to a still lower point , the effect of which would be to diminish the ...
Página 31
... circulation in the United States , was the well known equivalent in the British market , of four shillings and sixpence sterling , and very nearly such equivalent at the British mint . * By another act of congress of 2d April , 1792 ...
... circulation in the United States , was the well known equivalent in the British market , of four shillings and sixpence sterling , and very nearly such equivalent at the British mint . * By another act of congress of 2d April , 1792 ...
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Términos y frases comunes
amount association augmented authorised balance of trade bank notes bank of discount Bank of England banker banks of circulation bills of exchange borrowers Brandon Bank bullion capital CHAPTER circulating notes coinage commercial commodities comptroller congress consequently contract creditors debtors debts demand deposites depreciation eagle England equal equivalent established existing exportation extent five foreign funds gold and silver gold coins imports individuals interest issues legal tender legislature lend less liability loans loss ment merchants millions of dollars mortgages operations ounce of pure paid paper currency paper money payable period persons Philadelphia possession post notes pound sterling precious metals premium principle profit promissory notes proportion purchase pure gold quantity received relative value rency render seignorage six per cent sold Spanish dollar specie payments standard silver suspension things tion true United usury value of gold whilst York
Pasajes populares
Página 246 - Any number of persons may associate to establish offices of discount, deposits, and circulation, upon the terms and conditions, and subject to the liabilities prescribed in this act; but the aggregate amount of the capital stock of any such association shall not be less than one hundred thousand dollars.
Página 248 - Such as shall be conveyed to it in satisfaction of debts previously contracted in the course of its dealings.
Página 200 - ... to carry on the business of banking by obtaining and issuing circulating notes in accordance with the provisions of this act; by discounting bills, notes, and other evidences of debt...
Página 246 - The names and places of residence of the shareholders and the number of shares held by each of them. Fifth. The fact that the certificate is made to enable such persons to avail themselves of the advantages of this Title.
Página 248 - Such as shall have been purchased at sales upon judgments, decrees or mortgages obtained or made for such debts; and it shall not be lawful for any company incorporated as aforesaid to purchase, hold or convey real estate in any other case or for any other purpose...
Página 247 - ... transferable on the books of the association in such manner as may be prescribed in the by-laws or articles of association ; and every person becoming a shareholder by such transfer shall, in proportion to his shares, succeed to all the rights and liabilities of the prior holder of such shares, and no change shall be made in the articles of association...
Página 241 - ... as he may from time to time deem necessary to carry into effect the provisions of this act, and of such form as he may prescribe. Such blank circulating notes shall be countersigned, numbered and registered in proper books to be provided and kept for that purpose in the office of said...
Página 247 - It shall be lawful for any association of persons organised under this act by their articles of association, to provide for an increase of their capital and of the number of the associates, from time to time, as they may think proper.
Página 246 - Such persons, under their hands and seals, shall make a certificate which shall specify: — 1. The name assumed to distinguish such association, and to be used in its dealings.
Página 247 - ... every person becoming a shareholder by such transfer shall, in proportion to his shares, succeed to all the rights and liabilities of the prior holder of such shares, and no change shall be made in the articles of association by which the rights, remedies, or security of the existing creditors of the association shall be impaired.