The Theory and Practice of Banking, Volume 2Longmans, Green, 1893 |
From inside the book
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Page 6
... followed up ; and , while the directors of the Bank alleged that they were perfectly able to resume cash payments , the Ministry enforced a continued restriction upon them , for political reasons , until six weeks after the beginning of ...
... followed up ; and , while the directors of the Bank alleged that they were perfectly able to resume cash payments , the Ministry enforced a continued restriction upon them , for political reasons , until six weeks after the beginning of ...
Page 18
... followed that the issues of a Bank should be governed on totally different principles under a convertible and an inconvertible paper currency 26. After accumulating a considerable body of evidence upon the subject , and examining ...
... followed that the issues of a Bank should be governed on totally different principles under a convertible and an inconvertible paper currency 26. After accumulating a considerable body of evidence upon the subject , and examining ...
Page 36
... followed by exactly the same consequences as a difference between the market and legal value of gold and silver . The guineas which were under- valued were driven out of circulation , as always has been done under similar circumstances ...
... followed by exactly the same consequences as a difference between the market and legal value of gold and silver . The guineas which were under- valued were driven out of circulation , as always has been done under similar circumstances ...
Page 45
... that the Bank had refused the enlarged accommodation in 1793. But the issue of Exchequer Bills was exactly the same in principle , and the good effects that followed that issue proved the truth ANALYSIS OF THE BULLION REPORT 45.
... that the Bank had refused the enlarged accommodation in 1793. But the issue of Exchequer Bills was exactly the same in principle , and the good effects that followed that issue proved the truth ANALYSIS OF THE BULLION REPORT 45.
Page 46
... followed might probably have been avoided . Some persons thought so at that time , and many of the Directors , since the experience of 1797 , were now quite satisfied that the course adopted by the Bank in that year increased the public ...
... followed might probably have been avoided . Some persons thought so at that time , and many of the Directors , since the experience of 1797 , were now quite satisfied that the course adopted by the Bank in that year increased the public ...
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Common terms and phrases
advances amount assignats authorised Bank Notes Bank of England Bank of Ireland Bank of Scotland Bank paper banker bearer on demand bill or note bills of exchange Bullion Report capital cash payments caused cent cheque circulating medium coin commercial Commons Company consequence contract country banks creditor crisis debt deposits depreciation difference directors dishonoured doctrine drawer effect equal excessive issues Exchequer bills favour Foreign Exchanges Government guineas holder House increase indorsement instrument issue notes joint stock banks liabilities London Lord Lord Overstone Market price mercantile merchants Metallic Currency negotiable notes payable notice opinion paid panic paper currency Parliament parties payable on demand payable to bearer person price of bullion price of gold principle promise to pay promissory notes quantity rate of discount restriction Scotch banks securities shew silver Sir Robert Peel specie speculation stopped payment theory transfer Vict
Popular passages
Page 570 - Where in a bill drawer and drawee are the same person, or where the drawee is a fictitious person, or a person not having capacity to contract, the holder may treat the instrument, at his option, either as a bill of exchange or a promissory note.
Page 542 - Partial, that is to say, an acceptance to pay part only of the amount for which the bill is drawn ; 3.
Page 536 - 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 520 - 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 580 - Where a bill has been paid for honor, all parties subsequent to the party for whose honor it is paid are discharged, but the payer for honor is subrogated for, and succeeds to, both the rights and duties of the holder as regards the party for whose honor he pays and all parties liable to the latter.
Page 584 - Where two or more parts of a set are negotiated to different holders in due course, the holder whose title first accrues is as between such holders...
Page 469 - ... the master or other person signing the same, notwithstanding that such goods or some part thereof may not have been so shipped, unless such holder of the bill of lading shall have had actual notice at the time of receiving the same that the goods had not been in fact laden on board...
Page 538 - Where a bill is addressed to two or more drawees who are not partners, presentment must be made to them all...
Page 479 - 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...