Money And Prices
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It is not the presence of gold in the loo MONEY AND PRICES country which is the cause of increased loans, any more than an increased number of freight-cars is the cause of an increased movement of goods. If increased loans are wanted, the ease in getting gold reserves makes the process easier; just as when crops are large an abun- dance of cars makes shipment easier. No matter how plentiful gold may be, if the bank has not the means to offer for the gold, how can it increase its reserves?
No ma...tter how abimdant railway-cars may be, crops may be scant. However abundant gold is, a bank can meet the demand for increased loans only out of the capital or deposits in its possession. It would be absurd to assume that an abtmdance of new gold would allow a bank having a capital of only $100,000 and small deposits, to lend indefinitely, say, to $100,- 000,000. A large bank carries a large sum of loans, not because gold is abundant, but because its funds in hand are large; it uses out of its large funds only that smn which is necessary to get the gold or lawful re- serves that experience shows are necessary for its discounting business.
What to read after Money And Prices?
You can find similar books in the "Read Also" column, or choose other free books by J Laurence James Laurence Laughlin to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
It is not the presence of gold in the loo MONEY AND PRICES country which is the cause of increased loans, any more than an increased number of freight-cars is the cause of an increased movement of goods. If increased loans are wanted, the ease in getting gold reserves makes the process easier; just as when crops are large an abun- dance of cars makes shipment easier. No matter how plentiful gold may be, if the bank has not the means to offer for the gold, how can it increase its reserves?
No ma...tter how abimdant railway-cars may be, crops may be scant. However abundant gold is, a bank can meet the demand for increased loans only out of the capital or deposits in its possession. It would be absurd to assume that an abtmdance of new gold would allow a bank having a capital of only $100,000 and small deposits, to lend indefinitely, say, to $100,- 000,000. A large bank carries a large sum of loans, not because gold is abundant, but because its funds in hand are large; it uses out of its large funds only that smn which is necessary to get the gold or lawful re- serves that experience shows are necessary for its discounting business.
What to read after Money And Prices?
You can find similar books in the "Read Also" column, or choose other free books by J Laurence James Laurence Laughlin to read onlineMoreLess
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