The Works of Alexander Hamilton: Comprising His Most Important Official Reports; an Improved Edition of the Federalist, on the New Constitution, Written in 1788; and Pacificus, on the Proclamation of Neutrality, Written in 1793 ..., Volum 1Williams and Whiting, at their Theological and Classical Book-store, No. 118 Pearl-street., 1810 |
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Side 62
... greater amount . Thus large sums are lent and paid , fre- quently through a variety of hands , without the in- tervention of a single piece of coin . Thirdly - There is always a large quantity of gold and silver in 62 REPORT ON.
... greater amount . Thus large sums are lent and paid , fre- quently through a variety of hands , without the in- tervention of a single piece of coin . Thirdly - There is always a large quantity of gold and silver in 62 REPORT ON.
Side 63
... coin , whether in consequence of those loans , or arising from the occasional return of its notes . These different circumstances explain the manner in which the ability of a bank to circulate a greater sum than its actual capital in coin ...
... coin , whether in consequence of those loans , or arising from the occasional return of its notes . These different circumstances explain the manner in which the ability of a bank to circulate a greater sum than its actual capital in coin ...
Side 64
... coin , are to all the purposes of trade and industry , an absolute increase of capital . Purchases and undertakings , in general , can be carried on by any given sum of bank paper or credit , as effectually as by an equal sum of gold ...
... coin , are to all the purposes of trade and industry , an absolute increase of capital . Purchases and undertakings , in general , can be carried on by any given sum of bank paper or credit , as effectually as by an equal sum of gold ...
Side 65
... coin must be remitted . This is attended with trouble , delay , expense , and risk . If , on the contrary , there are bank notes current in both places , the transmission of these by the post , or any other speedy or convenient ...
... coin must be remitted . This is attended with trouble , delay , expense , and risk . If , on the contrary , there are bank notes current in both places , the transmission of these by the post , or any other speedy or convenient ...
Side 69
... coin , by contributing to render the supply more equal to the demand , must tend to counteract the progress of usury . * As But bank lending , it is pretended , is an impedi- ment to other kinds of lending ; which , by confining the ...
... coin , by contributing to render the supply more equal to the demand , must tend to counteract the progress of usury . * As But bank lending , it is pretended , is an impedi- ment to other kinds of lending ; which , by confining the ...
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The Works of Alexander Hamilton: Comprising His Most Important ..., Volum 1 Alexander Hamilton Uten tilgangsbegrensning - 1810 |
The Works of Alexander Hamilton: Comprising His Most Important Official ... Alexander Hamilton Uten tilgangsbegrensning - 1810 |
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additional advantages afford agriculture ALEXANDER HAMILTON alloy amount annuity appear artificer Attorney-General augmentation balance of trade bank of North-America bounty bullion capital carat circulation circumstances coinage coins commerce commodities Congress consequence considerable constitution cotton creditors demand dollars domestic duty effect employed encouragement equal erect corporations established expedient expense exportation fabrics favour foreign former fund furnish gallon gold and silver grains Great-Britain greater hemp hydrometer important inconvenience increase induce industry institution kind labour land less loans louis d'ors Madeira Wine malt liquors manu manufactures material ment metals mint money unit nature necessary necessity neral objects operation particular payment persons principal produce profit proper proportion provision public debt quantity rate of interest reason regulation render respect revenue Secretary siderations species Spirits supply supposed taxes tendency thing tion trade Treasury trinsic ture union usury