The Theory of Money and Banks InvestigatedC. C. Little and J. Brown, 1839 - 412 Seiten |
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Häufige Begriffe und Wortgruppen
Adam Smith afforded amount annual bank capital bank money bank notes bank of England bankers banks of circulation banks of deposit benefit bills of exchange borrowed branches bullion cash cent charter coinage commerce commodities consequence copper creditors currency debt debtor deducted demand depreciation directors discounts dividends dollars Ducat eagle effect established estimate Europe exceed excess expense export failure favor foreign France furnish gold and silver greater guilders half increase influence institutions interest issues legal tender legislature less livres loans loss melter ment mines mint mischief Mississippi Company national bank number of banks obtain officers operations paid paper payment precious metals profits promissory notes proportion prudence purchase purpose quantity receive Russia safety seems seignorage shares specie stockholders Storch supply suppose suspension tion trade treasurer United value of gold wealth weight whole
Beliebte Passagen
Seite 43 - ... the whole state, and makes its effect felt on all ranks of people. At first, no alteration is perceived ; by degrees, the price rises, first of one commodity, then of another, till the -whole, at last, reaches a just proportion with the new quantity of specie which is in the kingdom.
Seite 43 - To account, then, for this phenomenon, we must consider, that though the high price of commodities be a necessary consequence of the encrease of gold and silver...
Seite 42 - Accordingly we find, that, in every kingdom, into which money begins to flow in greater abundance than formerly, everything takes a new face : labour and industry gain life ; the merchant becomes more enterprising, the manufacturer more diligent and skilful, and even the farmer follows his plough with greater alacrity and attention.
Seite 246 - To restrain private people, it may be said, from receiving in payment the promissory notes of a banker, for any sum whether great or small, when they themselves are willing to receive them; or, to restrain a banker from issuing such notes, when all his neighbours are willing to accept of them, is a manifest violation of that natural liberty which it is the proper business of law, not to infringe, but to support.
Seite 399 - That the officers of the Mint of the United States shall be a Director, a treasurer, an assayer, a melter and refiner, a chief coiner and an engraver, to be appointed by the President of the United States, by and with the advice and consent of the Senate.
Seite 246 - Such regulations may, no doubt, be considered as, in some respects, a violation of natural liberty. But those exertions of the natural liberty of a few individuals, which might endanger the security of the whole society, are, and ought to be, restrained by the laws of all governments — of the most free, as well as of the most despotical.
Seite 344 - ... dangerous. The capital of Law's bank was 6,000,000 of livres, divided into twelve hundred shares of one thousand crowns each ; and its notes soon obtained a general credit and currency. Two circumstances mainly contributed to their early success. One was, that the government, according to an habitual abuse of the royal privilege, was then calling in the gold currency for a recoinage ; and the louis d'or, which, when restamped, the government meant to pass for 20 livres, it received at no more...
Seite 43 - It is easy to trace the money in its progress through the whole commonwealth ; where we shall find, that it must first quicken the diligence of every individual, before it increase the price of labour.
Seite 43 - If workmen become scarce, the manufacturer gives higher wages, but at first requires an increase of labour; and this is willingly submitted to by the artisan, who can now eat and drink better to compensate his additional toil and fatigue.
Seite 352 - ... and could not be revived. After several ineffectual attempts to restore it, their circulation was formally suppressed in October. On the winding up of this colossal scheme of stock-jobbing and fraud, it appeared that, of the 2,696,000,000 of notes struck off, 700,000,000 were found in the bank, and the rest were in circulation. The cash in the bank amounted to 90,000,000, which were used to pay off notes to the same amount ; and the greater part of the residue were funded by the government, at...