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" In order to justify the supposition that a real bill (as it is called) represents actual property, there ought to be some power in the bill-holder to prevent the property which the bill represents, from being turned to other purposes than that of paying... "
An inquiry [&c.]. - Side 24
av Henry Thornton - 1807
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The Monthly Epitome, Volum 1

1802 - 764 sider
...o'Ou/. would have been the amount of the bills drawn on the occation of the sale of goods; and 1,100/. would have been the amount of that part of these which...is called) represents actual property, there ought S71 bill, nor the man who discounts it, has any property in the specific goods for which it was given...
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Observations on the Principles which Regulate the Course of Exchange: And on ...

William Blake - 1810 - 138 sider
...that a real bill represents actual pro~f? perty, there ought to be some power: in the bill* " holder -to 'prevent the property which the bill " represents...purposes " than that of paying the bill in question *." Now had these bills never been discounted, their circulation would have been confined to those...
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A cyclopædia of commerce, mercantile law, finance, and commercial geography ...

Encyclopaedias, William Waterston - 1843 - 724 sider
...there may possibly hare been discounted. Of all these bills, then , one only represents any actual property. ** *' In order to justify the supposition...that a real bill (as it is called) represents actual proptrty, there ought to be some power in the bill-holder to prevent the property which the bill represent»...
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A Select Collection of Scarce and Valuable Tracts and Other Publications, on ...

John Ramsay McCulloch - 1857 - 718 sider
...amount of those that " represented no property. In order to justify the suppo" sition that a real bill represents actual property, there " ought to be some...purposes than that of paying the bill in question."* Now had these bills never been discounted, their circulation would have been confined to those persons...
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The Elements of Political Economy

Henry Dunning Macleod - 1858 - 626 sider
...is denoted by the number of bills afloat. This was long ago pointed out by Mr. Thornton,* who says, "In order to justify the supposition that a real bill,...property which the bill represents from being turned * Enquiry into the Nature and Effects of Paper Credit. p . 30. to other purposes, than that of paying...
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A Cyclopaedia of Commerce, Mercantile Law, Finance, Commercial Geography ...

William Waterston - 1863 - 1028 sider
...actual property." " In order to justify tho supposition Hint a real bill (as it is called) reprefiTii-s actual property, there ought to be some power in the bill-holder to prevent thu property which the hill represents from being1 turned to other purposes than that of pimng tlie...
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A Cyclopaedia of Commerce, Mercantile Law, Finance, Commercial Geography ...

William Waterston - 1863 - 1026 sider
...of these may possibly have been discounted. Of all these bills, then, one only represents nny actual property." " In order to justify the supposition that a real bill (as it ¡я called) reprewms actual property, there ought to be some power in the bill-holder to prevent the...
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Principles of Political Economy: With Some of Their Applications to Social ...

John Stuart Mill - 1866 - 628 sider
...of these may possibly have been discounted. Of all these bills, then, only one represents any actual property. " In order to justify the supposition that...called) represents actual property, there ought to besome power in the bill-holder to prevent the property which the bill represents, from being turned...
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The Principles of Economical Philosophy, Volum 1

Henry Dunning Macleod - 1872 - 730 sider
...uua^J', (f / ' This was long ago pointed out by Mr. Thornton, in his Essay on V Paper Credit: — " In order to justify the supposition that a real bill,...which the bill represents from being turned to other pin-poses than that of paying the bill in question. No such power exists ; neither the man who holds...
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Money and Its Laws: Embracing a History of Monetary Theories, and a History ...

Henry Varnum Poor - 1877 - 668 sider
...of paper currency, the one contributes to that rise exactly in the same manner as the other. . . . "In order to justify the supposition that a real bill...some power in the bill-holder to prevent the property wEich the bill represents from being turned to other purposes than that of paying the bill in question....
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