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Page 256
We give them in the words of the noble author : " - ' The Bank , it must be observed , acts in two capacities ; as a ma- nager of the circulation , and as a body performing the functions of an ordinary banking concern .
We give them in the words of the noble author : " - ' The Bank , it must be observed , acts in two capacities ; as a ma- nager of the circulation , and as a body performing the functions of an ordinary banking concern .
Page 265
The parties who had returned the advances to the Bank as new deposits would have had the same command of money — the ... As deposits , whether represented by bullion or by book credit , enable their owners , so long as the banks remain ...
The parties who had returned the advances to the Bank as new deposits would have had the same command of money — the ... As deposits , whether represented by bullion or by book credit , enable their owners , so long as the banks remain ...
Page 266
doubtedly true that they are , but it is true only with respect to the bank notes which I have in the Bank of England ... The Bank of England , or any other banker , can clearly pay his deposits only to the extent of the banking reserve ...
doubtedly true that they are , but it is true only with respect to the bank notes which I have in the Bank of England ... The Bank of England , or any other banker , can clearly pay his deposits only to the extent of the banking reserve ...
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Contents
1 General Report on the Administration of | 1 |
1 | 27 |
History of Latin Christianity including that of | 51 |
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