The Theory and Practice of Banking, Volume 2Longmans, Green, Reader, & Dyer, 1886 - 4 pages |
From inside the book
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Page ix
... produced no con- traction of the Currency 13. Sir Robert Peel is entitled to neither the merit nor the blame of the Currency Act of 1819 14. Fallacy of the supposition that the increased prices of agri- cultural produce in 1823 were ...
... produced no con- traction of the Currency 13. Sir Robert Peel is entitled to neither the merit nor the blame of the Currency Act of 1819 14. Fallacy of the supposition that the increased prices of agri- cultural produce in 1823 were ...
Page xvii
... produces and causes a run for gold 363 21. The Rate of Discount is the true Supreme Power of controlling Credit and the Paper Currency . 365 22. Constitution of the Directorate of the Bank . VOL . II . • 366 23 . Mr. Lowe on Commercial ...
... produces and causes a run for gold 363 21. The Rate of Discount is the true Supreme Power of controlling Credit and the Paper Currency . 365 22. Constitution of the Directorate of the Bank . VOL . II . • 366 23 . Mr. Lowe on Commercial ...
Page 2
... produced the great rise in the market price of bullion , and the heavy fall in the Foreign Exchanges ; and we have seen that the restoration of the coinage immediately rectified the Exchange . At that time Bank Notes were not a legal ...
... produced the great rise in the market price of bullion , and the heavy fall in the Foreign Exchanges ; and we have seen that the restoration of the coinage immediately rectified the Exchange . At that time Bank Notes were not a legal ...
Page 4
... produced a rise of the Market price of bullion above the Mint price , and a fall in the Foreign Exchanges under a Metallic Currency , then that the opposite proposition was also necessarily true . That under a Paper Currency which was ...
... produced a rise of the Market price of bullion above the Mint price , and a fall in the Foreign Exchanges under a Metallic Currency , then that the opposite proposition was also necessarily true . That under a Paper Currency which was ...
Page 6
... produce such a steady inclination of the Exchange in our favour , as to render it safe to resume cash pay- ments . That the scarcity of the last three years had made it necessary to export twenty millions of bullion in payment of corn ...
... produce such a steady inclination of the Exchange in our favour , as to render it safe to resume cash pay- ments . That the scarcity of the last three years had made it necessary to export twenty millions of bullion in payment of corn ...
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Common terms and phrases
advances amount assignat authorised Bank Act Bank notes Bank of England Bank of France Bank of Ireland Bank of Scotland Bank paper banker bearer on demand Bill of Lading bills of exchange Bullion Committee Bullion Report capital cash payments caused cent Charter cheque circulating medium coin commercial Commons Company consequence contract country banks crisis debt deposits depreciation difference directors doctrine drain effect enormous excessive issue Exchequer bills export favour Foreign Exchanges France gold bullion Government guineas House increase indorsement issue notes issue of paper joint stock banks liabilities London Lord Lord Overstone Market price mercantile merchants monopoly obliged opinion paid panic paper currency Parliament payable to bearer persons price of bullion price of gold principle promissory notes quantity rate of discount restriction Scotch banks securities shew silver Sir Robert Peel specie speculation stopped payment theory Western Bank
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...