Macmillan's Magazine, Volume 32Macmillan and Company, 1875 - English periodicals |
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Page 142
... banks raise and lessen their discount rate , and so check prices and speculation , and regulate the flow of bullion . The whole theory of the Usury laws , which affected not banking only , but all credit , was thus precisely the reverse ...
... banks raise and lessen their discount rate , and so check prices and speculation , and regulate the flow of bullion . The whole theory of the Usury laws , which affected not banking only , but all credit , was thus precisely the reverse ...
Page 144
... banks formed since the panic , like those formed before it , have been all on the limited prin- ciple.1 An increase of banking capital is no doubt most important , but it is with the inadequate specie reserve of the banks 1 No better ...
... banks formed since the panic , like those formed before it , have been all on the limited prin- ciple.1 An increase of banking capital is no doubt most important , but it is with the inadequate specie reserve of the banks 1 No better ...
Page 150
... Banks 1797 . drawn . allowed Final Specie Joint- to issue Repeal 1695 1777 . and pay- ments 1819 . Stock within of Usury 1861 . 1844 Prior No Specie Banks sixty- Laws . and Limited 1708 . sus- five to 1695 . Bank of Bank- notes England ...
... Banks 1797 . drawn . allowed Final Specie Joint- to issue Repeal 1695 1777 . and pay- ments 1819 . Stock within of Usury 1861 . 1844 Prior No Specie Banks sixty- Laws . and Limited 1708 . sus- five to 1695 . Bank of Bank- notes England ...
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