The Scotch Banker Containing Articles Under That Signature On Banking Currency
The Scotch Banker Containing Articles Under That Signature On Banking Currency
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He derives the means of accomplishing this important duty from three sources; first, as the depository of the surplus capital, whether temporary or permanent, of his respective neighbourhood ; secondly, from the issue of cash notes ; thirdly, from his own capital. By these means the country THINGS AS THEV MIGHT HAVE BEEN. 79 banker is enabled to supply money where money is wanted, and to give assistance wherever the wants of industry require it. Tt is his business to gather power at all times, ...and from all parts, where it is in excess ; and to give it out at all times, and to all parts, where it is in deficiency. It is thus that the whole social machinery is kept in ample, gene- ral, and uniform operation, and that the means of employment and of bread are everywhere distri- buted as the wants of the community require.
Strange it is indeed to reflect, that men exercising functions of this important character, through whose hands one-half of the active capital of the country receives its action upon the national industry, and without whose intervention, indeed, it may be truly said that society, in its present state, cannot be held together strange it is to reflect, that men occupying this important station in the social system should have been proscribed and hunted down by the Government itself!
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You can find similar books in the "Read Also" column, or choose other free books by Attwood, Thomas, 1783-1856 to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
He derives the means of accomplishing this important duty from three sources; first, as the depository of the surplus capital, whether temporary or permanent, of his respective neighbourhood ; secondly, from the issue of cash notes ; thirdly, from his own capital. By these means the country THINGS AS THEV MIGHT HAVE BEEN. 79 banker is enabled to supply money where money is wanted, and to give assistance wherever the wants of industry require it. Tt is his business to gather power at all times, ...and from all parts, where it is in excess ; and to give it out at all times, and to all parts, where it is in deficiency. It is thus that the whole social machinery is kept in ample, gene- ral, and uniform operation, and that the means of employment and of bread are everywhere distri- buted as the wants of the community require.
Strange it is indeed to reflect, that men exercising functions of this important character, through whose hands one-half of the active capital of the country receives its action upon the national industry, and without whose intervention, indeed, it may be truly said that society, in its present state, cannot be held together strange it is to reflect, that men occupying this important station in the social system should have been proscribed and hunted down by the Government itself!
What to read after The Scotch Banker Containing Articles Under That Signature On Banking Currency?
You can find similar books in the "Read Also" column, or choose other free books by Attwood, Thomas, 1783-1856 to read onlineMoreLess
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