The Works and Life of Walter Bagehot, Band 6Longmans, Green, 1915 |
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Seite 7
... discussion is very far from having been fruitless . The proportion of cash held by the leading banks has improved steadily and rapidly . Bagehot quotes , in Chapter IX . , Mr. Weguelin , Governor of the Bank , as stating in 1857 that ...
... discussion is very far from having been fruitless . The proportion of cash held by the leading banks has improved steadily and rapidly . Bagehot quotes , in Chapter IX . , Mr. Weguelin , Governor of the Bank , as stating in 1857 that ...
Seite 11
... discussions on the theory on which that Act is based , or supposed to be based . But in the ensuing pages I mean to speak as little as I can of the Act of 1844 ; and when I do speak of it , I shall deal nearly exclusively with its ...
... discussions on the theory on which that Act is based , or supposed to be based . But in the ensuing pages I mean to speak as little as I can of the Act of 1844 ; and when I do speak of it , I shall deal nearly exclusively with its ...
Seite 12
... discussing a most vigorous adult world which then was small and weak . On this account I wish to say as little as is fairly possible of the Act of 1844 , and , as far as I can , to isolate and dwell exclusively on the " Post - Peel ...
... discussing a most vigorous adult world which then was small and weak . On this account I wish to say as little as is fairly possible of the Act of 1844 , and , as far as I can , to isolate and dwell exclusively on the " Post - Peel ...
Seite 38
... discuss the conditions of convertibility . I deal only with the primary prerequisite of effectual foreign payments - a sufficient supply of the local legal tender : with the afterstep - the change of the local legal tender into the ...
... discuss the conditions of convertibility . I deal only with the primary prerequisite of effectual foreign payments - a sufficient supply of the local legal tender : with the afterstep - the change of the local legal tender into the ...
Seite 39
... discussion and much effort will be wanted before that policy becomes what it ought to be . A domestic drain is very different . Such a drain arises from a disturbance of credit within the country , and the difficulty of dealing with it ...
... discussion and much effort will be wanted before that policy becomes what it ought to be . A domestic drain is very different . Such a drain arises from a disturbance of credit within the country , and the difficulty of dealing with it ...
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Häufige Begriffe und Wortgruppen
31 December able advances amount augment balance Bank directors Bank of England Bank of France bank-notes bankers Banking Department banking reserve believe bill brokers borrow bullion capital cash reserve cause cent cheque circulation coin coinage commerce commodities companies consequence currency dealers debt demand dependent deposit banking depreciation of silver difficulty discount discussion dividend doubt effect English evil exchange Exchequer export fall foreign gold Governor greater important increase India Indian Government joint stock banks keep Latin Union legal tender lend less liabilities Lombard Street London Lord Overstone ment merchants metal mind Money Market natural never note issue opinion paid panic payments permanent persons present price of silver principle private banks profit rate of interest rupees securities sell sums supply things tion trade tribute value of money value of silver whole
Beliebte Passagen
Seite 49 - What is wanted and what is necessary to stop a panic is to diffuse the impression, that though money may be dear, still money is to be had.
Seite 68 - England) or for any other persons whatsoever, united or to be united in covenants or partnerships, 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.
Seite 165 - The calling is hereditary ; the credit of the bank descends from father to son : this inherited wealth soon brings inherited refinement. Banking is a watchful, but not a laborious trade. A banker, even in large business, can feel pretty sure that all his transactions are sound, and yet have much spare mind. A certain part of his time, and a considerable part of his thoughts, he can readily devote to other pursuits. And a London banker can also have the most intellectual society in the world if he...
Seite 15 - In modern English business, owing to the certainty of obtaining loans on discount of bills or otherwise at a moderate rate of interest, there is a steady bounty on trading with borrowed capital, and a constant discouragement to confine yourself solely or mainly to your own capital.
Seite 42 - The way in which the panic of 1825 was stopped by advancing money has been described in so broad and graphic a way that the passage has become classical. ' We lent it,' said Mr. Harman, on behalf of the Bank of England, ' by every possible means and in modes we had never adopted before ; we took in stock on security, we purchased Exchequer bills...
Seite 87 - During the interval between the Restoration and the Revolution the riches of the nation had been rapidly increasing. Thousands of busy men found every Christmas that, after the expenses of the year's housekeeping had been defrayed out of the year's income, a surplus remained ; and how that surplus was to be employed was a question of some difficulty. In our time, to invest such a surplus, at something more than three per cent, on the best security that has ever been known in the world, is the work...
Seite 88 - ... increased, had by no means increased so fast as the quantity of capital which was seeking for employment. Many, too, wished to put their money where they could find it at an hour's notice, and looked about for some species of property which could be more readily transferred than a house or a field.
Seite 164 - London Banker ' had especially a charmed value. He was supposed to represent, and often did represent, a certain union of pecuniary sagacity and educated refinement which was scarcely to be found in any other part of society. In a time when the trading classes were much ruder than they now are, many private bankers possessed variety of knowledge and a delicacy of attainment which would even now be very rare.
Seite 15 - English trade is carried on upon borrowed capital to an extent of which few foreigners have an idea, and none of our ancestors could have conceived. In every district small traders have arisen who "discount their bills" largely, and with the capital so borrowed, harass and press upon, if they do not eradicate, the old capitalist. The new trader has obviously an immense advantage in the struggle of trade. If a merchant have £50,000...
Seite 13 - A million in the hands of a single banker is a great power ; he can at once lend it where he will, &nd borrowers can come to him, because they know or believe that he has it. But the same sum scattered in tens and fifties through a whole nation is no power at all : no one knows where to find it or whom to ask for it.