"The last attempt was that of the . This Act is expressly founded on the dogma that Bank Notes payable to bearer on demand are alone Currency, to the exclusion of all other forms of Credit: and it is intended to carry out a particular Theory of Currency: and the method it adopted was that of imposing a strict numerical limit on the Notes issued by the Bank."
Quote Details
Added by wikiquote-import-bot
Unverified quote
0 likes
Original Language: English
Available Languages (1)
Sources
Imported from EN Wikiquote
https://en.wikiquote.org/wiki/Theory_and_Practice_of_Banking
Revision History
No revisions have been submitted for this quote.
Categories
Theory and Practice of Banking
Theory and Practice of Banking, Volumes 1 & 2, by Scottish economist and historian , was published 1855-1856 by Longman, Brown, Green and Longmans, London. Quotes below, unless otherwise noted, are from the fourth edition, London, Green, Reader and Dyer, London.
36 quotes on TrueQuotesView all quotes by Theory and Practice of Banking →
Related Quotes
"At a very early age I became thoroughly conversant with the practical management of... landed property. In 1847 the A…"
"At this time I had not read a line of any work on Political Economy; but the circumstances I have mentioned enabled m…"
"In 1853 I was invited to join the Direction of a Bank which had been formed under Sir Robert Peel's Joint Stock Banki…"
"The case being submitted to me... Upon reading the case I had prepared, the Attorney and Solicitor General decided, w…"
"In the preparation of this case I was led to examine thoroughly the works of Adam Smith and John Stuart Mill, and I s…"
"The of 1810, which was appointed in consequence of the serious depreciation of the Paper Currency caused by the extra…"
"This Report was summarily rejected by Parliament in 1811: but it gradually won the assent of all competent men, and i…"
"Seeing... that Labour and Rights are now recognised as Wealth by all Economists, the most advanced Economists... have…"
"Every mercantile lawyer would at once say that the definition of Currency adopted by the framers of the Act is entire…"
"When the First Edition was written in 1855-56, I found the Fundamental Conceptions and Principles of the current book…"