The History of Banking in America: With an Inquiry how Far the Banking Institutions of America are Adapted to this Country ; and a Review of the Cause of the Recent Pressure on the Money Market
Longman, Rees, Orme, Brown, Green, & Longman, 1837 - 207 sider
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The History of Banking in America: with an Inquiry how Far the Binking ...
James William Gilbart
Uten tilgangsbegrensning - 1837
advance aforesaid America amount of notes balance-sheet Bank of England Bank of Ireland bankers banks of issue bills of exchange branch banks branches bullion capital stock cent centum chartered banks circulating medium commercial committee commonwealth consequence contraction corporation country banks country circulation currency debts deeds of settlement demand deposit banks deposits diminished directors discount district Ditto dividends dollars duty effect England notes established excessive issue exportation extent foreign exchanges funds further enacted hence increased institutions invested issue notes issue of notes joint stock banks legislature loans London Lord Althorp manager ment millions money market notes in circulation operations paid-up capital paper payable payment portion present principle private banks profits proportion proprietors rate of interest regulations returns securities shareholders shares sixty-five miles specie speculation stamp duties stockholders Stuckey's tion trade treasury United unlimited liability whole
Side 22 - Congress, become the seat of the Government of the United States, and to exercise like authority over all places purchased by the consent of the Legislature of the state in which the same shall be, for the erection of forts, magazines, arsenals, dock yards and other needful buildings.
Side 22 - ... a temptation to designing men to secure that control in their own hands by monopolizing the remaining stock. There is danger that a president and directors would then be able to elect themselves from year to year, and without responsibility or control manage the whole concerns of the bank during the existence of its charter.
Side 23 - That a bank of the United States, competent to all the duties which may be required by the Government, might be so organized as not to infringe on our own delegated powers or the reserved rights of the States I do not entertain a doubt. Had the Executive been called upon to furnish the project of such an institution, the duty would have been cheerfully performed.
Side 196 - The planter, the farmer, the mechanic, and the laborer all know that their success depends upon their own industry and economy, and that they must not expect to become suddenly rich by the fruits of their toil.
Side 20 - A bank of the United States is in many respects convenient for the Government and useful to the people. Entertaining this opinion, and deeply impressed with the belief that some of the powers and privileges possessed by the existing bank are unauthorized by the Constitution, subversive of the rights of the States, and dangerous to the liberties of the people...
Side 72 - ... contracted or created, may respectively exonerate themselves from being so liable by forthwith giving notice of the fact, and of their absence or dissent, to the President of the United States, and to the stockholders, at a general meeting, which they shall have power to call for that purpose.
Side 30 - I trust there will be no inclination on the part of any of them to shrink. My own sense of them is most clear, as is also my readiness to discharge those which may rightfully fall on me. To continue any business relations with the Bank of the United States, that may be avoided without a violation of the national faith...
Side 24 - He never stooped to the arena of partisan discussions, but in the consideration of important subjects, especially that of the removal of the public deposits from the Bank of the United States, he proved himself to be a statesman of high rank, and a most accomplished debater.
Side 192 - Congress, with the privilege of issuing paper money receivable in the payment of the public dues, and the unfortunate course of legislation in the several States upon the same subject, drove from general circulation the constitutional currency and substituted one of paper in its place.
Side 5 - But they can all be carried into execution without a bank. A bank therefore is not necessary, and consequently not authorized by this phrase. It has been urged that a bank will give great facility or convenience in the collection of taxes. Suppose this were true : yet the Constitution allows only the means which are " necessary," not those which are merely " convenient" for effecting the enumerated powers.