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Download ebook A History of Prices and of the State of the Circulation from 1839 to 1847 Inclusive; With a General Review of the Currency Question

نوشته شده در تاریخ : یکشنبه 28 تیر 1394   04:20 ب.ظ

A History of Prices and of the State of the Circulation from 1839 to 1847 Inclusive; With a General Review of the Currency Question. Thomas Tooke

A History of Prices and of the State of the Circulation from 1839 to 1847 Inclusive; With a General Review of the Currency Question
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Author: Thomas Tooke
Number of Pages: 162 pages
Published Date: 20 May 2012
Publisher: Rarebooksclub.com
Publication Country: Miami Fl, United States
Language: English
ISBN: 9781236306722
File size: 30 Mb
Download Link: A History of Prices and of the State of the Circulation from 1839 to 1847 Inclusive; With a General Review of the Currency Question
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This historic book may have numerous typos and missing text. Purchasers can download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1848 Excerpt: ... takes place arise from a less demand on the part of the public, and not as the result of any greater caution on the part of the Bank? "Exactly. "2338. Mr. Grote.) But the effects you have described imply an increased demand on the part of the public at such periods of your circulation? "It is an increased demand for money, but not for circulation. "2339. When those demands are made, in what manner do you supply them? is it not by an increase of your own notes? "In most cases an increased demand comes upon us in the shape of orders upon London, or orders upon Manchester or Liverpool: the pressure upon us is chiefly from the South, and extra demand from London, Liverpool, and Manchester we feel as the first indication of pressure; it is not from our own immediate districts. "2340. (Chairman.) Do you mean that your customers have demands upon them, which it is necessary for them to discharge in Manchester, London, and other places? "Yes, that is to a considerable extent the case. "2341. Mr. Grote.) In what manner do you enable your customers to make those payments, which you have to make in Liverpool, or London, or Manchester? "By giving them orders upon our agents and correspondents in those places. "2342. You direct a certain portion of the funds which you have in London, or Liverpool, or Manchester to be applied to that purpose? "We do. "2343. Then, in point of fact, you make those advances not out of your own local currency, but out of a certain portion of the London currency, upon which you have a demand? "No; I think that does not precisely describe the operation. It is our capital: it is capital which we have collected in Scot It is quite clear that by money the witness means capital, as ...

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