A Treatise on Currency and BankingGrigg & Elliot, 1840 - 323 páginas |
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Página 8
... limited wisdom has attempted to accomplish , by the enactment of laws fixing the ratio at which gold and silver shall be exchangeable for each other . These laws , when first enacted , were no doubt founded upon the observation of the ...
... limited wisdom has attempted to accomplish , by the enactment of laws fixing the ratio at which gold and silver shall be exchangeable for each other . These laws , when first enacted , were no doubt founded upon the observation of the ...
Página 18
... limited extent . But were this , however , not the case , an outward stream would soon be met by an inward one . The low prices of domes- tic products would soon invite the attention of foreign- ers , who , to obtain them , would bring ...
... limited extent . But were this , however , not the case , an outward stream would soon be met by an inward one . The low prices of domes- tic products would soon invite the attention of foreign- ers , who , to obtain them , would bring ...
Página 19
... limited . The very existence of a foreign balance in favor of the country , would be proof of the ability of the nation to consume an additional amount of foreign commodities , and the gain which could be made by the importing merchants ...
... limited . The very existence of a foreign balance in favor of the country , would be proof of the ability of the nation to consume an additional amount of foreign commodities , and the gain which could be made by the importing merchants ...
Página 20
... limited amount , resem- bling in this particular , the former case of an unfavo- rable balance ; two streams might be flowing , one into the country and one out of it , and sooner or later the equilibrium would be restored , and the ...
... limited amount , resem- bling in this particular , the former case of an unfavo- rable balance ; two streams might be flowing , one into the country and one out of it , and sooner or later the equilibrium would be restored , and the ...
Página 26
... limited to the mere application of funds in any given place to the payment of a debt due in that place . It matters not whether the fund and debt both stand on the books of merchants at the same place , or whether the debt be due at ...
... limited to the mere application of funds in any given place to the payment of a debt due in that place . It matters not whether the fund and debt both stand on the books of merchants at the same place , or whether the debt be due at ...
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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.