The Theory and Practice of Banking, Volume 2Longmans, Green, Reader, & Dyer, 1886 - 4 pages |
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Page 2
... different value to Bullion as Coin , except on account of the depreciation of the coinage 3. Adam Smith had laid it down as a principle 2 THEORY AND PRACTICE OF BANKING PAGE Opinions held in 1696, respecting the depreciation of paper.
... different value to Bullion as Coin , except on account of the depreciation of the coinage 3. Adam Smith had laid it down as a principle 2 THEORY AND PRACTICE OF BANKING PAGE Opinions held in 1696, respecting the depreciation of paper.
Page 3
... coin had been somewhat higher , on account of its greater use as coin than as bullion . But in June , 1800 , the price of foreign gold experienced a sudden and extraordinary rise : it rose to £ 4 5s . per ounce ; silver rose 5s . 7d ...
... coin had been somewhat higher , on account of its greater use as coin than as bullion . But in June , 1800 , the price of foreign gold experienced a sudden and extraordinary rise : it rose to £ 4 5s . per ounce ; silver rose 5s . 7d ...
Page 8
... coin " 11. The Act which restrained the Bank of England from paying in specie also enacted that country bankers should be liable to discharge their notes in Bank of England paper . Hence the very same rules applied to the issue of the ...
... coin " 11. The Act which restrained the Bank of England from paying in specie also enacted that country bankers should be liable to discharge their notes in Bank of England paper . Hence the very same rules applied to the issue of the ...
Page 9
... coin rose in value just in proportion as paper was depreciated 15. This great disorganisation of the monetary business between the two countries at length excited the serious attention of Parliament , and , on the motion of Mr. Foster ...
... coin rose in value just in proportion as paper was depreciated 15. This great disorganisation of the monetary business between the two countries at length excited the serious attention of Parliament , and , on the motion of Mr. Foster ...
Page 11
... coin , he admitted that it might be so with respect to coin , but he denied that such views in any way applied to Bank of Ireland paper . Mr. D'Olier coincided with these views , and attributed the state of the Exchanges to the same ...
... coin , he admitted that it might be so with respect to coin , but he denied that such views in any way applied to Bank of Ireland paper . Mr. D'Olier coincided with these views , and attributed the state of the Exchanges to the same ...
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Common terms and phrases
advances amount Bank Notes Bank of England banker bills bills of exchange bullion called capital cash caused cent cheque circulation circumstances coin Committee Commons Company consequence consider consideration continued contract course debt demand deposits depreciation difference directors discount effect equal established evidence excessive Exchange existing fact fall favour followed Foreign Exchanges formed France give given Government guineas held House increase interest Ireland issues joint stock less limit London Lord maintained Market means measure merchants metallic nature necessary never obliged operation opinion paid panic paper currency Parliament passed payable payment period person present price of gold principle produced quantity raised reason received Report respect restriction rise Scotch Scotland securities silver specie standard stopped taken theory thing took transfer true Western whole
Popular passages
Page 484 - Where the instrument contains or a person adds to his signature words indicating that he signs for or on behalf of a principal, or in a representative capacity, he is not liable on the instrument if he was duly authorized; but the mere addition of words describing him as an agent, or as filling a representative character, without disclosing his principal, does not exempt him from personal liability.
Page 496 - Partial, that is to say, an acceptance to pay part only of the amount for which the bill is drawn ; 3.
Page 490 - In the hands of any holder other than a holder in due course, a negotiable instrument is subject to the same defenses as if it were non-negotiable. But a holder who derives his title through a holder in due course, and who is not himself a party to any fraud or illegality affecting the instrument, has all the rights of such former holder in respect of all parties prior to the latter.
Page 474 - Where a banker in good faith and without negligence receives payment for a customer of a cheque crossed generally or specially to himself, and the customer has no title, or a defective title, thereto, the banker shall not incur any liability to the true owner of the cheque by reason only of having received such payment.
Page 342 - ... any body politic or corporate whatsoever created or to be created, or for any other persons whatsoever united or to be united in covenants or partnership exceeding the number of six persons in that part of Great Britain called England, to borrow, owe, or take up any sum or sums of money on their bills or notes payable on demand or at any less time than six months from the borrowing thereof...
Page 484 - But if any such instrument, after completion, is negotiated to a holder in due course, it is valid and effectual for all purposes in his hands, and he may enforce it as if it had been filled up strictly in accordance with the authority given and within a reasonable time.
Page 531 - Interest thereon from the time of presentment for payment if the bill is payable on demand, and from the maturity of the bill in any other case : (c.) The expenses of noting, or, when protest is necessary, and the protest has been extended, the expenses of protest.
Page 524 - Notice of dishonor may be waived, either before the time of giving notice has arrived, or after the omission to give due notice, and the waiver may be express or implied.
Page 523 - Where the instrument has been dishonored in the hands of an agent, he may either himself give notice to the parties liable thereon, or he may give notice to his principal. If he give notice to his principal, he must do so within the same time as if he were the holder, and the principal upon the receipt of such notice has himself the same time for giving notice as if the agent had been an independent holder.
Page 433 - Act had not passed), to pass and transfer the legal right to such debt or chose in action from the date of such notice, and all legal and other remedies for the same, and the power to give a good discharge for the same, without the concurrence of the assignor...