Money and Its Laws: Embracing a History of Monetary Theories, and a History of the Currencies of the United StatesH. V. and H. W. Poor, 1877 - 623 Seiten |
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Seite xiv
... excess of paper money issued returns to the issuer The amount of paper money can never exceed that of the coin it displaces 129 All excess immediately drawn in coin . Absurdity of such assumptions . Disproved by reference to the ...
... excess of paper money issued returns to the issuer The amount of paper money can never exceed that of the coin it displaces 129 All excess immediately drawn in coin . Absurdity of such assumptions . Disproved by reference to the ...
Seite xviii
... excess of issue so long as it was made in the discount of short bills representing real transactions , denied . 201 Not the excess alone , but all the issues of the Bank speedily return for redemption . • 202 The excess acts upon the ...
... excess of issue so long as it was made in the discount of short bills representing real transactions , denied . 201 Not the excess alone , but all the issues of the Bank speedily return for redemption . • 202 The excess acts upon the ...
Seite xix
... excess of issues by the Bank 213 No reduction in their amount would have increased their price , unless it had increased their value 213 . The great question , the proper manner of issue , never considered by the Committee . 213 The ...
... excess of issues by the Bank 213 No reduction in their amount would have increased their price , unless it had increased their value 213 . The great question , the proper manner of issue , never considered by the Committee . 213 The ...
Seite xx
... excess Convertibility a very inadequate test of the propriety of issue The insignia of government cannot create values Government should be the issuer of currency The saving effected thereby Government greatly the loser by issuing money ...
... excess Convertibility a very inadequate test of the propriety of issue The insignia of government cannot create values Government should be the issuer of currency The saving effected thereby Government greatly the loser by issuing money ...
Seite xxiii
... the cause , of inflation of prices . . 814 A convertible currency cannot be inflated . 814 An inconvertible currency , not issued in excess , cannot 814 Money has two functions , - one as an instrument TABLE OF CONTENTS . xxiii.
... the cause , of inflation of prices . . 814 A convertible currency cannot be inflated . 814 An inconvertible currency , not issued in excess , cannot 814 Money has two functions , - one as an instrument TABLE OF CONTENTS . xxiii.
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Andere Ausgaben - Alle anzeigen
Häufige Begriffe und Wortgruppen
accommodation bills Adam Smith amount of coin Aristotle assumed Bank of England bank-notes bankers bills given bills of exchange borrowers bullion capital circulation Committee commodities consequently consumers consumption contraction convertible corresponding amount cost country Banks 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 issuers kind labor latter liabilities loans Lord Overstone loss means 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 question ratio reason received reduced rency represent reserves rule says securities sell Smith specie speedily supply supposed symbolic currency theory thing tion trade transactions usury value of money Wealth of Nations whole wholly
Beliebte Passagen
Seite 477 - That the government created by this compact was not made the exclusive or final judge of the extent of the powers delegated to itself; since that would have made its discretion, and not the Constitution, the measure of its powers; but that as in all other cases of compact among parties having no common Judge, each party has an equal right to judge for itself, as well of infractions as of the mode and measure of redress.
Seite 509 - Each public officer who takes an oath to support the Constitution swears that he will support it as he understands it, and not as it is understood by others.
Seite 11 - And Abraham hearkened unto Ephron; and Abraham weighed to Ephron the silver, which he had named in the audience of the sons of Heth, four hundred shekels of silver, current money with the merchant.
Seite 469 - That every power vested in a government is in its nature sovereign, and includes, by force of the term, a right to employ all the means requisite and fairly applicable to the attainment of the ends of such power, and which are not precluded by restrictions and exceptions specified in the Constitution, or not immoral, or not contrary to the essential ends of political society.
Seite 492 - Waiving the question of the constitutional authority of the Legislature to establish an incorporated bank as being precluded in my judgment by repeated recognitions under varied circumstances of the validity of such an institution in acts of the legislative, executive, and judicial branches of the Government, accompanied by indications, in different modes, of a concurrence of the general will of the nation...
Seite 466 - I do not conceive we can exist long as a nation without having lodged somewhere a power, which will pervade the whole Union in as energetic a manner as the authority of the State governments extends over the several States.
Seite 2 - And a river went out of Eden to water the garden, and from thence it was parted and became into four heads.
Seite 466 - If you tell the legislatures, they have violated the treaty of peace, and invaded the prerogatives of the confederacy, they will laugh in your face.
Seite 476 - Resolved, that the several States composing the United States of America, are not united on the principle of unlimited submission to their general government; but that by compact under the style and title of a Constitution for the United States...
Seite 277 - The history of what we are in the habit of calling the " state of trade " is an instructive lesson. We find it subject to various conditions which are periodically returning ; it revolves apparently in an established cycle. First we find it in a state of quiescence, — next improvement, — growing confidence, — prosperity, — excitement, — overtrading, — convulsion, — pressure, — stagnation, — distress, — ending again in quiescence.