Financial Crises and Periods of Industrial and Commercial DepressionD. Appleton, 1902 - 392 páginas |
Otras ediciones - Ver todas
Financial Crises and Periods of Industrial and Commercial Depression Theodore E. Burton Vista previa limitada - 2005 |
Financial Crises and Periods of Industrial and Commercial Depression Theodore Elijah Burton Vista de fragmentos - 1966 |
Términos y frases comunes
activity afforded amount Austria-Hungary average Bank of England Bankers banks Banque de France bar iron Belgium Bonamy Price capital cent circulation commercial crisis commodities considered consumption coun crease crise financière crises and depressions crises commerciales crisis of 1857 currency decrease demand deposits depres depression of trade diminished disturbance E. L. Godkin effect employment enterprises exports and imports fact failures financial crisis fluctuations foreign valuation France gold greater Home valuation improvements increase indications industry influence investments iron and steel Journal des économistes June 30 La crise labour less loans and discounts London magazine N. Y. manufactures maximum ment monétaire movement nations occur panic paper money percentage period of depression preceding prior production profits proportion prosperity quantity railway rates of interest rise Royal Statistical Society season sér sion specie speculation stocks supply tendency tion United Kingdom wealth
Pasajes populares
Página 42 - The natural effect of this state of things was that a crowd of projectors, ingenious and absurd, honest and knavish, employed themselves in devising new schemes for the employment of redundant capital. It was about the year 1688 that the word stockjobber was first heard in London. In the short space of four years a crowd of companies, every one of...
Página 310 - At intervals, from causes which are not to the present purpose, the money of these people — the blind capital (as we call it) of the country — is particularly large and craving : it seeks for some one to devour it, and there is "plethora"; it finds some one, and there is "speculation"; it is devoured, and there is "panic.
Página 248 - States notes payable in coin and sufficiently large for the wants of the people can be permanently, usefully, and safely maintained. Is there, then, any other mode in which the necessary provision for the public wants can be made and the great advantages of a safe and uniform currency secured?
Página 72 - Parsimony, by increasing the fund which is destined for the maintenance of productive hands, tends to increase the number of those hands whose labour adds to the value of the subject upon which it is bestowed. It tends therefore to increase the exchangeable value of the annual produce of the land and labour of the country. It puts into motion an additional quantity of industry, which gives an additional value to the annual produce.
Página 44 - Wrecks to be fished for on the Irish Coast — Insurance of Horses and other Cattle (two millions) — Insurance of Losses by Servants — To make Salt Water Fresh — For building of Hospitals for Bastard Children — For building of Ships against Pirates — For making of Oil from Sun-flower Seeds — For improving of Malt Liquors — For...
Página 248 - I know of none which promises so certain results and is at the same time so unobjectionable as the organization of banking associations, under a general act of Congress, well guarded in its provisions. To such associations the Government might furnish circulating notes, on the security of United States bonds deposited in the Treasury. These notes, prepared under the supervision of proper officers, being uniform in appearance and security and convertible always into coin, would at once protect labor...
Página 52 - ... 3. An active demand for loans at slightly higher rates of interest. " 4. The general employment of labor at increasing or well-sustained wages. " 5. Increasing extravagance in private and public expenditure. " 6. The development of a mania for speculation, attended by dishonest methods in business and the gullibility of many investors.
Página 71 - While, on the one hand, industry is limited by capital, so on the other, every increase of capital gives, or is capable of giving, additional employment to industry ; and this without assignable limit.
Página 248 - A return to specie payments, however, at the earliest period compatible with due regard to all interests concerned, should ever be kept in view. Fluctuations in the value of currency are always injurious, and to reduce these fluctuations to the lowest possible point will always be a leading purpose in wise legislation. Convertibility, prompt and certain convertibility into coin, is generally acknowledged to be, the best and surest safeguard against them ; and it is extremely doubtful whether a circulation...
Página 260 - Secondly, that at this rate these advances should be made on all good banking securities, and as largely as the public ask for them. The reason is plain. The object is to stay alarm, and nothing therefore should be done to cause alarm. But the way to cause alarm is to refuse someone who has good security to offer