 | Henry Charles Carey - 1837 - 1168 síður
...injurious as well as the advantageous effects of the system would be more extensively felt at home. * "In times of prosperity they push out their notes...and credits to an undue extent, and are consequently coin|wlled to diminish them as violently, when circumstances alter." — Remarks on Currinry, by GW... | |
 | Henry Charles Carey - 1837 - 1158 síður
...injurious as well as the advantageous effects of the system would be more extensively felt at home. s " In times of prosperity they push out their notes and credits to an undue extent, and arc consequently compiled to diminish them as violently, when circum*tances alter." — Rtmurtt on... | |
 | Condy Raguet - 1840 - 354 síður
...metallic, and " it is as issuers of paper money that the Scotch banks are chiefly open to criticism. In times of prosperity they push out their notes and...circulation, or with paper regulated on sound principles." Of the Scotch banks, as of all others assuming the discharge of incompatible functions, and organised... | |
 | Condy Raguet - 1840 - 356 síður
...metallic, and " it is as issuers of paper money that the Scotch banks are chiefly open to criticism. In times of prosperity they push out their notes and...much more violent than could occur with a metallic circulation,or withpaper regulated on sound principles." Of the Scotch banks, as of all others assuming... | |
 | 1840 - 556 síður
...exercised in Scotland is very great, but it is much divided. " In times of prosperity," says Mr. Norman,* " they push out their notes and credits to an undue...diminish them as violently when circumstances alter." The same writer says, that " in periods of commercial difficulty, no country is said to suffer from... | |
 | Johann L. Tellkampf, Johann Ludwig Tellkampf - 1859 - 348 síður
...metallic, and it is as issuers of paper money that the Scotch banks are chiefly open to criticism. In times of prosperity they push out their notes and...circulation, or with paper regulated on sound principles. It is also notorious and not denied that in Scotland the use of gold is almost unknown. In the recent... | |
 | Johann L. Tellkampf, Johann Ludwig Tellkampf - 1859 - 348 síður
...metallic, and it is as issuers of paper money that the Scotch banks are chiefly open to criticism. In times of prosperity they push out their notes and...compelled to diminish them as violently when circumstances alter,—thus inflicting on the public oscillations in the currency much more violent than could occur... | |
 | 1866 - 476 síður
...metallic, and it is as issuers of paper money that the Scotch banks are chii-fly open to criticism. In times of prosperity they push out their notes and...circulation, or with paper regulated on sound principles. It is also notorious, and not denied, that in Scotland the use of gold is almost unknown. Iti the recent... | |
 | Henry Charles Carey - 1838 - 504 síður
...injurious as well as the advantageous effects of the system would be more extensively felt at home, * " In times of prosperity they push out their notes and...diminish them as violently, when circumstances alter." — Remarks on Currency, by GW Norman, p. 62. It is impossible to conceive of a system more purely... | |
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The only infallible test of the soundness of auy scheme of paper issues is to be found in the identity of the phenomena with those which would take place with a currency purely and exclusively metallic, and it is as issuers of paper money that the Scotch... 