A Treatise on Coins, Currency, and Banking: With Observations on the Bank Act of 1844 and on the Reports of the Committees on the House of Lords and of the House of Commons on the Bank Acts, Volume 1

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Longman, Brown, Green, Longmans, & Roberts, 1858 - 397 pages
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Contents

CHAP XXVIII
340
The interchange of coins determined by the rule of profit
341
The principles advocated are of universal application just
346
Montesquieus illustration of a despotic government
355
The moral responsibilities of the Bank of England not duly
361
The Bank Act implies a sarcasm on merchants and bankers
370
APPENDIX
377
CHAP II
397
On the Report of the Committee
438
On the rate of interest indicating the value of money
444
91
455
Distinction between Bills of Exchange and Bank of England
469
Blackstone on Promissory Notes
505
On scientific and mechanical principles applied to the Bank
512
Mr Rodwell on the Reserveremarks on commerce being
518
On the system before and after the Bank Act
524
On paying the notes with merchandise
530
On the wants of customers and the issue of paper money
533
Mr Mill on the Bank Act Mr Muntz on the monetary sys
542
On the prevention of bullion being exported from Liverpool 517
549
Ou the Banknote being paid with bullion
555
Adam Smith and Ricardo on competition of issue
561
Sir S Northcotes statementon suspension of the currency
580
Mr Gladstone on the ten per cent rate of discount with
596
On the duty of the Government
602
On seignorage overissue and high prices
608
Evidence of the Governor of the Bank and Mr Loyd on
614
On the use of bullion
616
The integer or legal tender coin must be an equivalent
618
The Bank Act of 1844
623
Lord Liverpool on paper being issued to so great an excess
624
The commercial system of the country is in harmony with
626

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Page 128 - The natural price, therefore, is, as it were, the central price, to which the prices of all commodities are continually gravitating. Different accidents may sometimes keep them suspended a good deal above it, and sometimes force them down even somewhat below it. But whatever may be the obstacles which hinder them from settling in this center of repose and continuance, they are constantly tending towards it.
Page 579 - The uniform, constant, and uninterrupted effort of every man to better his condition, the principle from which public and national, as well as private opulence is originally derived, is frequently powerful enough to maintain the natural progress of things toward improvement, in spite both of the extravagance of government, and of the greatest errors of administration.
Page 350 - If it be well weighed, to say that a man lieth, is as much as to say that he is brave towards God and a coward towards men. For a lie faces God, and shrinks from man.' Surely the wickedness of falsehood and breach of faith cannot possibly be so highly expressed, as in that it shall be the last peal to call the judgments of God upon the generations of men: it being foretold, that, when 'Christ cometh,' he shall not 'find faith upon the earth.
Page 350 - To pass from theological and philosophical truth, to the truth of civil business; it will be acknowledged, even by those that practise it not, that clear and round dealing is the honour of man's nature ; and that mixture of falsehood is like allay in coin of gold and silver; which may make the metal work the better, but it embaseth it.
Page 119 - Thou sawest till that a stone was cut out without hands, which smote the image upon his feet that were of iron and clay, and brake them to pieces. Then was the iron, the clay, the brass, the silver, and the gold, broken to pieces together, and became like the chaff of the summer threshingfloors; and the wind carried them away, that no place was found for them: and the stone that smote the image became a great mountain, and filled the whole earth.
Page 252 - ... the toil and trouble which it can save to himself, and which it can impose upon other people. What is bought with money, or with goods, is purchased by labour, as much as what we acquire by the toil of our own body.
Page 253 - The substitution of paper in the room of gold and silver money, replaces a very expensive instrument of commerce with one much less costly, and sometimes equally convenient. Circulation comes to be carried on by a new wheel, which it costs less both to erect and to maintain than the old one.
Page 149 - Resolved, That the President, in the late Executive proceedings in relation to the public revenue, has assumed upon himself authority and power not conferred by the Constitution and laws, but in derogation of both.
Page 199 - The commerce and industry of the country, however, it must be acknowledged, though they may be somewhat augmented, cannot be altogether so secure when they are thus, as it were, suspended upon the Daedalian wings of paper money as when they travel about upon the solid ground of gold and silver.
Page 328 - The statesman, who should attempt to direct private people in what manner they ought to employ their capitals, would not only load himself with a most unnecessary attention, but assume an authority which could safely be trusted, not only to no single person, but to no council or senate whatever, and which would nowhere be so dangerous as in the hands of a man who had folly and presumption enough to fancy himself fit to exercise it.

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