A Treatise on Currency and BankingGrigg & Elliot, 1840 - 323 páginas |
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Página 23
... merchants to avoid penalties or odium , or , exposure of their operations . Goods are smuggled , and others are purchased with funds earned by vessels abroad , engaged in the carry- ing trade , and thereby augment the imports , whilst ...
... merchants to avoid penalties or odium , or , exposure of their operations . Goods are smuggled , and others are purchased with funds earned by vessels abroad , engaged in the carry- ing trade , and thereby augment the imports , whilst ...
Página 25
... merchants become indebted to other merchants in foreign countries for commodities pur- chased there upon credit , whilst some others have funds in those foreign countries arising from the sale of cargoes disposed of there . If bills of ...
... merchants become indebted to other merchants in foreign countries for commodities pur- chased there upon credit , whilst some others have funds in those foreign countries arising from the sale of cargoes disposed of there . If bills of ...
Página 26
... merchants at the same place , or whether the debt be due at Manchester and the fund be at Paris . The magic power of bills of exchange transfers the payer and receiver both to London , the great seat and centre of British and in- deed ...
... merchants at the same place , or whether the debt be due at Manchester and the fund be at Paris . The magic power of bills of exchange transfers the payer and receiver both to London , the great seat and centre of British and in- deed ...
Página 27
... merchant owes a debt abroad , and cannot procure a bill of exchange at an advance above par equal to the freight , insurance , commission , and brokerage , and to the value which he attaches to that certainty of punctuality in the ...
... merchant owes a debt abroad , and cannot procure a bill of exchange at an advance above par equal to the freight , insurance , commission , and brokerage , and to the value which he attaches to that certainty of punctuality in the ...
Página 28
... merchants who have remittances to make are igno- rant of their business , and therefore pay more for a bill than it is worth , or that small profits are not worth their attention , or that there is a penalty or a degree of odium ...
... merchants who have remittances to make are igno- rant of their business , and therefore pay more for a bill than it is worth , or that small profits are not worth their attention , or that there is a penalty or a degree of odium ...
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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.