Memoir of William Lawrence. Written for the American Journal of Education
Memoir of William Lawrence. Written for the American Journal of Education
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In our eReader you can find the full English version of the book. Read Memoir of William Lawrence. Written for the American Journal of Education 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 Memoir of William Lawrence. Written for the American Journal of Education
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If a trader in the country has a demand to meet in Boston, he can send or bring down the 2 18 MEMOIR OF bills of the local bank in his neighborhood ; the Boston merchant can receive them without discount, because he can immediately deposit them at the SuflFolk Bank, and receive in return Suflfolk Bank bills or specie. The eflfect is obvious; but the value and importance of the arrangement, in facilitating- all the exchanges of business, or the difficulty of in- troducing it, can only be justly ...appreciated by those who are old enough to remember the state of things that existed before it was put in force. Then the merchants and traders of Boston — formerly the cen- tral market of the New England States more than now — were in the habit of selling the bills of coun- try banks to brokers at a discount, which depended upon the distance of the bank fronv Boston, the dif- ficulty of sending the bills for redemption to the towns where they were payable, a want of knowl- edge of their responsibility, and other like consider- ations.
What to read after Memoir of William Lawrence. Written for the American Journal of Education?
You can find similar books in the "Read Also" column, or choose other free books by Samuel Kirkland Lothrop to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
If a trader in the country has a demand to meet in Boston, he can send or bring down the 2 18 MEMOIR OF bills of the local bank in his neighborhood ; the Boston merchant can receive them without discount, because he can immediately deposit them at the SuflFolk Bank, and receive in return Suflfolk Bank bills or specie. The eflfect is obvious; but the value and importance of the arrangement, in facilitating- all the exchanges of business, or the difficulty of in- troducing it, can only be justly ...appreciated by those who are old enough to remember the state of things that existed before it was put in force. Then the merchants and traders of Boston — formerly the cen- tral market of the New England States more than now — were in the habit of selling the bills of coun- try banks to brokers at a discount, which depended upon the distance of the bank fronv Boston, the dif- ficulty of sending the bills for redemption to the towns where they were payable, a want of knowl- edge of their responsibility, and other like consider- ations.
What to read after Memoir of William Lawrence. Written for the American Journal of Education?
You can find similar books in the "Read Also" column, or choose other free books by Samuel Kirkland Lothrop to read onlineMoreLess
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