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" The following are among the principal advantages of a bank : — First. The augmentation of the active or productive capital of a country. Gold and silver, where they are employed merely as the instruments of exchange and alienation, have been not improperly,... "
Reports of the Secretary of the Treasury of the United States, Prepared in ... - Página 55
de United States. Department of the Treasury - 1837
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The Principles of Economical Philosophy, Volume 1

Henry Dunning Macleod - 1872 - 712 páginas
...of establishing i national bank, says ': — "The following are among the principal advantages of ;. bank : — First, the AUGMENTATION of the active or productive capital of a country. * * * It is a well-established fact, that banks in good credit can circulate a far greater sum than...
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The Theory and Practice of Banking, Volume 1

Henry Dunning Macleod - 1875 - 508 páginas
...of the Treasury, to present a report on the expediency of establishing a national Bank, says1 — " The following are among the principal advantages of...AUGMENTATION of the active or productive capital of a country It is a well established fact that banks in good credit can circulate a far greater sum than the actual...
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History of New Hampshire, from Its First Discovery to the Year 1830: With ...

Edwin David Sanborn - 1875 - 452 páginas
...on the expediency of establishing a national bank, gives the American theory of banking as follows : "The following are among the principal advantages...of the active or productive capital of a country. * * * It is a well-established fact that banks in good credit can circulate a far greater sum than...
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Centennial: One Hundred Years of Progress in the Business of Banking

Elbridge Gerry Spaulding - 1876 - 86 páginas
...cursorily exhibited, which may perhaps conduce to a just impression of its merits. These will involve a comparison of the advantages with the disadvantages,...advantages of a bank. ''First, the augmentation of productive capital of a country. Gold and silver, when they are employed merely as the instruments...
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The Elements of Economics, Volume 1

Henry Dunning Macleod - 1881 - 450 páginas
...when called upon to present a report on the expediency of establishing a National Bank, says — ' The following are among the principal advantages of...of the active or productive capital of a country. ... It is a well-established fact that Banks in good credit can circulate a far greater sum than the...
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Lectures on credit and banking

Henry Dunning Macleod - 1882 - 166 páginas
...When called upon to present a Report on the expediency of establishing a National Bank, he said — " The following are among the principal advantages of...Augmentation of the active or productive Capital of a country It is a well-established fact that Banks in good Credit can circulate a far greater sum than the quantum...
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The Theory and Practice of Banking, Volume 1

Henry Dunning Macleod - 1883 - 592 páginas
...when called upon to present a report on the expediency of establishing a National Bank, says — " The following are among the principal advantages of a Bank : — " First : the Augmentation of tlie active or productive capital of a country It is a well-established fact that banks in good credit...
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Alexander Hamilton

William Graham Sumner - 1890 - 340 páginas
...specie. In his report on the national bank he tries to state the advantages of a bank. He mentions the " augmentation of the active or productive capital of a country." " Gold and silver, when they are employed merely as the instrument of exchange 1 Works, viii. ;o. * Ibid., ix. 69. f and...
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History of Coinage and Currency in the United States and the ..., Volume 10

Alonzo Barton Hepburn - 1903 - 692 páginas
...cursorily exhibited, which may perhaps conduce to a just impression of its merits. These will involve a comparison of -the advantages with the disadvantages,...improperly, denominated dead stock ; but when deposited in banks, to become the basis of a paper circulation, which takes their character and place, as the signs...
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The Works of Alexander Hamilton, Volume 3

Alexander Hamilton - 1904 - 524 páginas
...cursorily exhibited, which may perhaps conduce to a just impression of its merits. These will involve a comparison of the advantages, with the disadvantages,...following are among the principal advantages of a bank: First.—The augmentation of the active or productive capital of a country. Gold and silver, when they...
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