A Defence of the Joint Stock Banks An Examination of the Causes of the Present
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In our eReader you can find the full English version of the book. Read A Defence of the Joint Stock Banks An Examination of the Causes of the Present Online - link to read the book on full screen. Our eReader also allows you to upload and read Pdf, Txt, ePub and fb2 books. In the Mini eReder on the page below you can quickly view all pages of the book - Read Book A Defence of the Joint Stock Banks An Examination of the Causes of the Present
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The accommodation afforded by the Bank, pre- viously to the payment of the dividends is of a very useful nature, the loans being for a definite period, the securities limited to Bills of Exchange, Exchequer Bills, and East India Bonds, and the advances thus made, when the circulation is 31 usually at the lowesi, are returnable immediately after the payment of the dividends, when the circulation is at the highest. The certain know- I ledge that a supply of money can be always obtained at the Ban...k of England, has a direct tendency to cheapen the price, because the or- dinary reserve of Bankers and other dealers in money, would of course be smaller, from the cer- tainty that a supply can be got at any moment.
Almost all the speculations are so timed, as to absorb a part of the new issues which are brought into existence, whenever the Bank makes a large payment to the public on account of the Government, and an abundance of projects, either of domestic or foreign growth, are pre- pared, according to the prevailing taste, to in- tercept the money after it has passed into the new channels, and before it has time to find its way back to the Bank of England.
What to read after A Defence of the Joint Stock Banks An Examination of the Causes of the Present?
You can find similar books in the "Read Also" column, or choose other free books by David Salomons to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
The accommodation afforded by the Bank, pre- viously to the payment of the dividends is of a very useful nature, the loans being for a definite period, the securities limited to Bills of Exchange, Exchequer Bills, and East India Bonds, and the advances thus made, when the circulation is 31 usually at the lowesi, are returnable immediately after the payment of the dividends, when the circulation is at the highest. The certain know- I ledge that a supply of money can be always obtained at the Ban...k of England, has a direct tendency to cheapen the price, because the or- dinary reserve of Bankers and other dealers in money, would of course be smaller, from the cer- tainty that a supply can be got at any moment.
Almost all the speculations are so timed, as to absorb a part of the new issues which are brought into existence, whenever the Bank makes a large payment to the public on account of the Government, and an abundance of projects, either of domestic or foreign growth, are pre- pared, according to the prevailing taste, to in- tercept the money after it has passed into the new channels, and before it has time to find its way back to the Bank of England.
What to read after A Defence of the Joint Stock Banks An Examination of the Causes of the Present?
You can find similar books in the "Read Also" column, or choose other free books by David Salomons to read onlineMoreLess
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