Money and Its Laws: Embracing a History of Monetary Theories, and a History of the Currencies of the United States |
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Page viii
... issuers • FEE 17 17 17 • 17 18 Banks discharge obligations arising between themselves by mutual offset Only balances arising between them payable in coin 18 18 Bills and notes of Banks differ chiefly in time of payment . Interest paid ...
... issuers • FEE 17 17 17 • 17 18 Banks discharge obligations arising between themselves by mutual offset Only balances arising between them payable in coin 18 18 Bills and notes of Banks differ chiefly in time of payment . Interest paid ...
Page xx
... issuer of currency The saving effected thereby Government greatly the loser by issuing money 222 222 223 224 226 226 ... issuers of the currency If only one , should that be the Bank of England ? 243 • • • 243 What checks to be provided ...
... issuer of currency The saving effected thereby Government greatly the loser by issuing money 222 222 223 224 226 226 ... issuers of the currency If only one , should that be the Bank of England ? 243 • • • 243 What checks to be provided ...
Page xxi
... issuers of the currency Evidence of J. Horsley Palmer , President , and other Directors 254 254 • 254 • 254 • Its issues not based upon bills , but upon government securities Discount of bills left to Banks and bankers 254 254 Rule of ...
... issuers of the currency Evidence of J. Horsley Palmer , President , and other Directors 254 254 • 254 • 254 • Its issues not based upon bills , but upon government securities Discount of bills left to Banks and bankers 254 254 Rule of ...
Page xxiv
... issuers has no influence over the value of paper money It circulates for the reason that it is legal tender , and for the reason that a circulating medium is indispensable . The price of paper money measured by its value 315 316 316 817 ...
... issuers has no influence over the value of paper money It circulates for the reason that it is legal tender , and for the reason that a circulating medium is indispensable . The price of paper money measured by its value 315 316 316 817 ...
Page 45
... issuers , the clause ceases to have any force or effect whatever . ― - While the issue of a currency of legal tender notes is a most direct and efficient expedient on the part of government for raising money , no act can at the outset ...
... issuers , the clause ceases to have any force or effect whatever . ― - While the issue of a currency of legal tender notes is a most direct and efficient expedient on the part of government for raising money , no act can at the outset ...
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Common terms and phrases
accommodation bills Adam Smith amount of coin Aristotle assumed Bank of England bank-notes bankers bills given borrowers bullion capital circulation commerce Committee commodities consequently consumers consumption contraction convertible corresponding amount cost credits issued debt demand deposits depreciated discharge discount distribution Economists effect equal excess exchange exports foreign gold and silver greater hand holders Hume immediately inconvertible increase industry instruments issuers kind labor latter laws liabilities loans Lord Overstone loss means measure ment merchandise merchant methods nature necessary never notes and credits operations paid paper currency paper money parties payable payment Political Economy possessed precious metals principle produce profit proper purchase quantity rate of interest ratio reason received reduced rency represent reserves says securities sell Smith specie speedily supply supposed symbolic currency theory thing tion trade transactions usury value of money Wealth of Nations whole wholly