A Treatise on Currency and BankingGrigg & Elliot, 1840 - 323 páginas |
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Página 5
... consequently payments are made entirely or chiefly in coin on the delivery of the articles sold , a larger amount of gold and silver is required , than in another country of equal wealth , population and trade , in which sales are 1 ...
... consequently payments are made entirely or chiefly in coin on the delivery of the articles sold , a larger amount of gold and silver is required , than in another country of equal wealth , population and trade , in which sales are 1 ...
Página 9
... consequently observed . At about the middle of the 17th century , that is , about the year 1650 , the ratio between gold and silver came to be regulated in the proportion of one to fourteen , and one to fifteen ounces of silver , no ...
... consequently observed . At about the middle of the 17th century , that is , about the year 1650 , the ratio between gold and silver came to be regulated in the proportion of one to fourteen , and one to fifteen ounces of silver , no ...
Página 14
... consequently exchange would be at par , an excess of imports should take place . What would be the first effect ? The answer must be , a demand for more bills of exchange than are for sale in the market , the effect of which is a rise ...
... consequently exchange would be at par , an excess of imports should take place . What would be the first effect ? The answer must be , a demand for more bills of exchange than are for sale in the market , the effect of which is a rise ...
Página 15
... consequently the general level ef currencies is not disturbed . But it may happen that the increased demand for exportable commodities arising from the augmented premium on exchange , may raise their price to an extent equal to the rise ...
... consequently the general level ef currencies is not disturbed . But it may happen that the increased demand for exportable commodities arising from the augmented premium on exchange , may raise their price to an extent equal to the rise ...
Página 21
... consequently the nett proceeds of their sales must always furnish a fund adequate to the purchase of foreign commodities to a greater value than their cost at home . On this ac- count it necessarily follows , that where the trade of a ...
... consequently the nett proceeds of their sales must always furnish a fund adequate to the purchase of foreign commodities to a greater value than their cost at home . On this ac- count it necessarily follows , that where the trade of a ...
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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 CHIG 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 pound sterling precious metals premium principle profit promissory notes proportion purchase pure gold quantity received relative value rency render seignorage silver coins six per cent sold specie payments standard silver suspension things tion true United UNIV usury value of gold whilst York
Pasajes populares
Página 250 - Such as shall be conveyed to it in satisfaction of debts previously contracted in the course of its dealings.
Página 202 - ... 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 243 - ... 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 248 - 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 250 - 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 249 - ... 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 249 - It shall be lawful for any association of persons organized under this act, by their articles of association, to provide for an increase of their capital, and of the number of the association.
Página 248 - 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 223 - That a committee be appointed to inquire whether it be expedient to make any amendments in the laws which regulate the coins of the United States and foreign coins." On the 26th of January, 1819, Mr. Lowndes, as chairman of the committee appointed under this resolution, made a detailed report, favorable to a change in the mint proportion. This report was accompanied by a bill, providing as follows. 1. That there should be retained by the...
Página 289 - A committee of the Senate of that State, appointed in December, 1819, to inquire into the extent and causes of the present general distress, ascribe it, as we do, to the improvident creation of so many banks, as will appear from the following extract from their report : "At the following session the subject was renewed with increased ardor...