Mr Goschens Scheme for Reform of the Bank Acts An Address Delivered to the I
Mr Goschens Scheme for Reform of the Bank Acts An Address Delivered to the I
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In our eReader you can find the full English version of the book. Read Mr Goschens Scheme for Reform of the Bank Acts An Address Delivered to the I 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 Mr Goschens Scheme for Reform of the Bank Acts An Address Delivered to the I
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The central gold reserves, and our national humilia- tion of last year seems to be already forgotten. Now I, for one, adhere to the opinion that in England, as in Scotland, Ireland, France, 1 Belgium, Germany, and the United States, not to mention our ow T n colonies, a preference for paper money over coin would in all probability grow up throughout the industrial districts if the change were properly gone about, and if the machinery of the deposit Banks were brought into 1 In France the demand... for 50 franc notes is always in excess of the supply.
11 operation in its behalf by the Banks being appointed agents, for issuing purposes, of the Bank of Issue, on terms safe for the latter and satisfactory to the former. I hold that we might thus immensely strengthen our central reserves by withdrawing gold from the extremities, where it is performing a duty which can be equally well done by notes, and that, in combination with an elastic system which allowed for the natural fluctuations in the active circulation at particular seasons, we should be able largely to diminish those oscillations in the rate of discount which so perplex and annoy the regular trader.
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To quickly assess the difficulty of the text, read a short excerpt:
The central gold reserves, and our national humilia- tion of last year seems to be already forgotten. Now I, for one, adhere to the opinion that in England, as in Scotland, Ireland, France, 1 Belgium, Germany, and the United States, not to mention our ow T n colonies, a preference for paper money over coin would in all probability grow up throughout the industrial districts if the change were properly gone about, and if the machinery of the deposit Banks were brought into 1 In France the demand... for 50 franc notes is always in excess of the supply.
11 operation in its behalf by the Banks being appointed agents, for issuing purposes, of the Bank of Issue, on terms safe for the latter and satisfactory to the former. I hold that we might thus immensely strengthen our central reserves by withdrawing gold from the extremities, where it is performing a duty which can be equally well done by notes, and that, in combination with an elastic system which allowed for the natural fluctuations in the active circulation at particular seasons, we should be able largely to diminish those oscillations in the rate of discount which so perplex and annoy the regular trader.
What to read after Mr Goschens Scheme for Reform of the Bank Acts An Address Delivered to the I?
You can find similar books in the "Read Also" column, or choose other free books by Charles Gardner to read onlineMoreLess
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