 ... demands. If the paper money which the bank advances never exceeds this value, it can never exceed the value of the gold and silver which would necessarily circulate in the country if there was no paper money ; it can never exceed the quantity which...  The banker's clerk [signed J.S.D.]. - Page 27by J S. D - 1843Full view - About this book
 | Adam Smith - Economics - 1789 - 526 pages
...the gold and filver, which would neceffarily circulate in the country if there was no paper money ; it can never exceed the quantity which the circulation of the country can eafily abforb and employ. WHEN a bank difcounts to a merchant a real bill of exchange drawn by a real... | |
 | Charles Bosanquet - Currency question - 1810 - 304 pages
...unemployed and in ready money for answering Occasional demands " Consequently its advance* will not exceed the quantity which the circulation of the country can easily absorb and eifr. ploy. That the Committee may be right and Dr. Smith wrong is very possible ; I am not theorist... | |
 | Adam Smith - Economics - 1812
...quantity which the circulation of the country can eafily .abforb and employ. When a bank difcounts to a merchant a real bill of exchange drawn by a real creditor upon a real debtor, and which, as foon as it becomes due, is really paid by that debtor ; it only advances to him a part of the value... | |
 | Adam Smith - Economics - 1812 - 530 pages
...the gold and filver, which would necefiarily circulate in the country if there was no paper money ; it can never exceed the quantity •which the circulation of the country can eafily abforb and employ. When a bank difcounts to a merchant a real bill of exchange drawn by a real... | |
 | Adam Smith - Economics - 1812 - 520 pages
...the gold and filver, which would neceffarily circulate in the country if there was no paper money ; it can never exceed the quantity which the circulation of the country can eafily abforb and employ. When a bank difcounts to a merchant a real bill of exchange drawn by a real... | |
 | Adam Smith - Economics - 1819 - 532 pages
...the gold and silver which would necessarily circulate in the country if there was no paper money ;• it can never exceed the quantity which the circulation of the country can easily absorb' and employ. . : i When a bank discounts to a merchant a real bill of exchange, drawn by a real creditor upon a... | |
 | Richard Page - Bankers - 1842 - 476 pages
...the gold and silver which would necessarily circulate in the country if there was no paper money ; it can never exceed the quantity which the circulation of the country can easily absorb and employ ;" therefore " when a Bank discounts to a merchant a real bill of exchange, drawn by a real creditor... | |
 | Adam Smith - Economics - 1869 - 576 pages
...the gold and. silver, which would necessarily circulate in the country if there was no paper money; it can never exceed the quantity which the circulation...and employ. / When a bank discounts to a merchant awjeaj. bill of exchange / drawn by a real creditor upon a real debtor, and which, as soon as I it... | |
 | Adam Smith - 1875 - 808 pages
...of the gold and silver which would necessary circulate in the country if there was no paper money ; it can never exceed the quantity which the circulation of the country can easily absorb and regularly employ. When a bank discounts to a merchant a real bill of exchange drawn by a real creditor... | |
 | Henry Varnum Poor - Banks and banking - 1877 - 668 pages
...the gold and silver which would necessarily circulate in the country, if there were no paper money ; it can never exceed the quantity which the circulation of the country can easily absorb and employ." i A Bank, as a rule, should advance nothing to merchants. If they conduct their business properly,... | |
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