Principles of Money and Banking: A Series of Selected MaterialsUniversity of Chicago Press, 1916 - 785 pages |
From inside the book
Results 1-5 of 67
Page ix
... raising the time - honored controversy over induction and deduction . The presentation of varying points of view and of the philosophies of different social groups , together with conflicting opinions and conclusions of experts in the ...
... raising the time - honored controversy over induction and deduction . The presentation of varying points of view and of the philosophies of different social groups , together with conflicting opinions and conclusions of experts in the ...
Page x
... raised in this connection . It may be urged , for instance , that a certain amount of repetitional reading is of value to the student . Now , while this is doubtless true for a certain amount , it hardly holds for any amount or for the ...
... raised in this connection . It may be urged , for instance , that a certain amount of repetitional reading is of value to the student . Now , while this is doubtless true for a certain amount , it hardly holds for any amount or for the ...
Page 20
... raising some kind of produce for the market of France , and forty thousand in France for the market of England , then we must pay these additional 30,000 Frenchmen in gold and silver ; that is , be at the charge of maintaining them . 14 ...
... raising some kind of produce for the market of France , and forty thousand in France for the market of England , then we must pay these additional 30,000 Frenchmen in gold and silver ; that is , be at the charge of maintaining them . 14 ...
Page 25
... raising of the price in respect of money , of his particular commodity . The complaints of particular persons arise , not from a deficiency of money , of counters in circulation ; but from their own want of property , want of skill ...
... raising of the price in respect of money , of his particular commodity . The complaints of particular persons arise , not from a deficiency of money , of counters in circulation ; but from their own want of property , want of skill ...
Page 63
... raised to £ 10 , but only for two years . It was then reduced to 40s . It was not receivable for taxes in ... raise the price , steps were taken to restrict the amount grown and to improve the quality . The right to cultivate tobacco was ...
... raised to £ 10 , but only for two years . It was then reduced to 40s . It was not receivable for taxes in ... raise the price , steps were taken to restrict the amount grown and to improve the quality . The right to cultivate tobacco was ...
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Common terms and phrases
¹ Adapted amount assignats associations bank notes bankers bills of credit bimetallism bonds borrower bullion capital cash cent certificates checks circulation cities clearing-house commercial paper commodities Congress contract debts demand denominator depositors deposits depreciation discount economic export farm farmers Federal Reserve Act Federal Reserve Bank Federal Reserve Board functions funds gold and silver gold coin gold standard grains greenbacks Gresham's law important increase index number indorsement industry investment issue labor legal tender legal-tender less liabilities loans medium of exchange member banks ment merchant monetary mortgage national banks obligations operation paid paper money payable period practice precious metals present production profit purchase purpose quantity ratio receipts received redeemed redemption result seignorage sell silver coins silver dollar specie supply tion token coins trade transactions trust companies United United States notes York
Popular passages
Page 209 - Such as shall be conveyed to it in satisfaction of debts previously contracted in the course of its dealings.
Page 278 - July 14, 1890, are legal tender for all debts, public and private, except where otherwise expressly stipulated in the contract. United States notes or "greenbacks" are legal tender for all debts, public and private, except duties on imports and interest on the public debt.
Page 260 - An Act to provide for the establishment of Federal reserve banks, to furnish an elastic currency, to afford means of rediscounting commercial paper, to establish a more effective supervision of banking in the United States, and for other purposes.
Page 308 - Any member bank may accept drafts or bills of exchange drawn upon it and growing out of transactions involving the importation or exportation of goods having not more than six months...
Page 461 - Federal reserve bank may discount notes, drafts, and bills of exchange! arising out of actual commercial transactions; that is, notes, drafts, and bills of exchange issued or drawn for agricultural, industrial, or commercial purposes, or the proceeds of which have been used, or are to be used, for such purposes...
Page 209 - But the discount of bills of exchange drawn in good faith against actually existing values, and the discount of commercial or business paper actually owned by the person negotiating the same, shall not be considered as money borrowed.
Page 292 - Upon the indorsement of any of its member banks, which shall be deemed a waiver of demand, notice and protest by such bank as to its own indorsement exclusively, any Federal reserve bank may discount notes, drafts, and bills of exchange! arising out of actual commercial transactions...
Page 247 - There are those who believe that, if you will only legislate to make the well-to-do prosperous, their prosperity will leak through on those below. The Democratic idea, however, has been that if you legislate to make the masses prosperous, their prosperity will find its way up through every class which rests upon them.
Page 209 - No association shall make any loan or discount on the security of the shares of its own capital stock, nor be the purchaser or holder of any such shares, unless such security or purchase shall be necessary to prevent loss upon a debt previously contracted in good faith...
Page 419 - ... shall be exempt from all taxes or duties of the United States, as well as from taxation in any form by or under State, municipal, or local authority...