Principles of Banks And Banking of Money As Coin And Paper With the Consequen
Principles of Banks And Banking of Money As Coin And Paper With the Consequen
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In our eReader you can find the full English version of the book. Read Principles of Banks And Banking of Money As Coin And Paper With the Consequen 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 Principles of Banks And Banking of Money As Coin And Paper With the Consequen
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While parties are united by a common interest, all goes well: but interest divides, by the same principle that it unites.
\o sooner does a nation incur a balance against ttself, thtin exchangers set themselves to work to make a fortune, by conducting the operation of pay- ing it. They appear then in the light of political usurers to a spendthrift heir, who has no guardian. This guardian should be the bank, who upon such occasions (and upon such only) ought to interpose between the nation and he...r foreign creditors. This it may do. By constituting itself at once debtor for the whole balance, and by taking foreign exchange into its hand, until such time as it shall have dis- tributed the debt it has contracted for the nation, among those individuals who really owe it. This operation performed, exchange may be left to those 204 PRINCIPLES OF MONEY.
who make this branch their business, because then they will find no opportunity of combining either against the interest of the bank or of individuals.
What to read after Principles of Banks And Banking of Money As Coin And Paper With the Consequen?
You can find similar books in the "Read Also" column, or choose other free books by James Steuart Denham to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
While parties are united by a common interest, all goes well: but interest divides, by the same principle that it unites.
\o sooner does a nation incur a balance against ttself, thtin exchangers set themselves to work to make a fortune, by conducting the operation of pay- ing it. They appear then in the light of political usurers to a spendthrift heir, who has no guardian. This guardian should be the bank, who upon such occasions (and upon such only) ought to interpose between the nation and he...r foreign creditors. This it may do. By constituting itself at once debtor for the whole balance, and by taking foreign exchange into its hand, until such time as it shall have dis- tributed the debt it has contracted for the nation, among those individuals who really owe it. This operation performed, exchange may be left to those 204 PRINCIPLES OF MONEY.
who make this branch their business, because then they will find no opportunity of combining either against the interest of the bank or of individuals.
What to read after Principles of Banks And Banking of Money As Coin And Paper With the Consequen?
You can find similar books in the "Read Also" column, or choose other free books by James Steuart Denham to read onlineMoreLess
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