The Public Life of Joseph Dudley; a Study of the Colonial Policy of the Stuarts in New England, 1660-1715
The Public Life of Joseph Dudley; a Study of the Colonial Policy of the Stuarts in New England, 1660-1715
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In our eReader you can find the full English version of the book. Read The Public Life of Joseph Dudley; a Study of the Colonial Policy of the Stuarts in New England, 1660-1715 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 The Public Life of Joseph Dudley; a Study of the Colonial Policy of the Stuarts in New England, 1660-1715
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Digitized by Google CURRENCY AND BANKING 169 oversight and control of the affair. The rules of the bank are set forth, and then follow certain examples from practical trade to show the usefulness of the plan. In the sixth part objections are met in the form of questions and answers: "Q. I. Can I have Monyes for Bank-bills, when I have Occa- sion? Answ. I. Tis not propounded to be a Bank of Moneys (which is liable to inexpressible & tmforeseen hazards) but of Credit to be given forth by Bills ; ...not on Moneys advanced, as in other Banks ; but (on Lands or Goods, as aforesaid,) to supply such as cannot get Moneys (by reason of its scarcity) with whatsoever may be had for Moneys." Lastly, the general advantages of the scheme are summed up in the con- clusion ''That there will arise many more Convienences & Advantages, by this Bank, to such Countreys where they shall be erected, than have been eniunerated, in the several fore- going instances ; or, well, can be. . . .'' ^ This plan, an evident repetition of the Dudley-Blackwell scheme, was put forward to attract attention and possibly to forestall opposition on the part of the government.
What to read after The Public Life of Joseph Dudley; a Study of the Colonial Policy of the Stuarts in New England, 1660-1715?
You can find similar books in the "Read Also" column, or choose other free books by Everett Kimball to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
Digitized by Google CURRENCY AND BANKING 169 oversight and control of the affair. The rules of the bank are set forth, and then follow certain examples from practical trade to show the usefulness of the plan. In the sixth part objections are met in the form of questions and answers: "Q. I. Can I have Monyes for Bank-bills, when I have Occa- sion? Answ. I. Tis not propounded to be a Bank of Moneys (which is liable to inexpressible & tmforeseen hazards) but of Credit to be given forth by Bills ; ...not on Moneys advanced, as in other Banks ; but (on Lands or Goods, as aforesaid,) to supply such as cannot get Moneys (by reason of its scarcity) with whatsoever may be had for Moneys." Lastly, the general advantages of the scheme are summed up in the con- clusion ''That there will arise many more Convienences & Advantages, by this Bank, to such Countreys where they shall be erected, than have been eniunerated, in the several fore- going instances ; or, well, can be. . . .'' ^ This plan, an evident repetition of the Dudley-Blackwell scheme, was put forward to attract attention and possibly to forestall opposition on the part of the government.
What to read after The Public Life of Joseph Dudley; a Study of the Colonial Policy of the Stuarts in New England, 1660-1715?
You can find similar books in the "Read Also" column, or choose other free books by Everett Kimball to read onlineMoreLess
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