 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...  The Works and Life of Walter Bagehot - Seite 13von Walter Bagehot - 1915Vollansicht - Über dieses Buch
 | Walter Bagehot - 1873 - 382 Seiten
...London much greater than those in any other of these cities. The bankers' deposits of London aremany times greater than those of any other city — those...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... | |
 | 1874 - 606 Seiten
...banking is developed. But that cash is not 'moneymarket money.' English money is ' borrowable ' money. A million in the hands of a single banker is a great power. Concentration of money in banks, though not the sole cause, is the principal cause which has made the... | |
 | 1874 - 616 Seiten
...banking is developed. But that cash is not 'moneymarket money.' English money is ' borrowable ' money. A. million in the hands of a single banker is a great power. Concentration of money in banks, though not the sole cause, is the principal cause which has made the... | |
 | 1874 - 618 Seiten
...banking is developed. But that cash is not ' moneymarket money.' English money is ' borrowable ' money. A million in the hands of a single banker is a great power. Concentration of money in banks, though not the sole cause, is the principal cause which has made the... | |
 | Seshayangar Srinivasa Raghavaiyangar - 1893 - 700 Seiten
...who are in need of capital for carrying on industrial undertakings. As Mr. Bagehot has pointed out " a million in the hands of a single banker is a great power ; he can at once lend where he will, and borrowers can come to him, because they know or believe that he has it. But the... | |
 | Walter Bagehot - 1906 - 382 Seiten
...borrowable ' money. Our people are bolder in dealing with their money than any continental nation, and j even if they were not bolder, the mere fact that their...single banker is a great power ; he can at once lend il where he will, and borrowers can come to him, because thqy know or believe that he has it. But the... | |
 | William Clarkson Van Antwerp - 1913 - 480 Seiten
...THE BANKS AND THE STOCK EXCHANGE CHAPTER IV THE RELATIONSHIP BETWEEN THE BANKS AND THE STOCK EXCHANGE "A MILLION in the hands of a single banker is a great power," said Walter Bagehot; "he can at once lend it where he will, and borrowers can come to him because they... | |
 | William Jayne Weston - 1922 - 356 Seiten
...the mere fact that their money is deposited in a bank makes it far more obtainable. A million pounds in the hands of a single banker is a great power ;...it. But the same sum scattered in tens and fifties throughout a whole nation is no power at all : no one knows where to find it or whom to ask for it.... | |
 | James Edward Meeker - 1922 - 680 Seiten
...greater extent on the security exchanges. Walter Bagehot, in a celebrated passage,19 declared that : A million in the hands of a single banker is a great power; he can at once loan it where he will, and borrowers can come to him, because they know or believe that he has it.... | |
 | James Edward Meeker - 1922 - 680 Seiten
...greater extent on the security exchanges. Walter Bagehot, in a celebrated passage,19 declared that : A million in the hands of a single banker is a great power; he can at once loan it where he will, and borrowers can come to him, because they know or believe that he has it.... | |
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