小说站
www.xsz.tw栗子小说 m.lizi.tw台湾小说网
www.192.twiii,c.25,thebank
agreedtopaytogoventfortherenescharter
l110,000ent.thissutherefore,did
notincreaseeitherofthosets.
thedividendofthebankhasvariedagtothe
variationsieoftheihas,atdifferent
tis,reohadadvahepublic,as
stahisrateofi
hasgraduallybeenredue
yearspastthebankdividendhasbeenatfiveandahalfper
t.
thestabilityofthebankofenglandisequaltothatofthe
britishgovent.allthatithasadvanust
belostbeforeitscreditorssustainanyloss.noother
bankingpanyinenglandbeestablishedbyactof
parliant,ororethansixers.itaot
onlyasanordinarybank,butasagreateate.it
receivesandpaysthegreaterpartoftheannuitiesharedue
tothecreditorsofthepublic,itcirculatesexchequerbills,
anditadvaheannualauntofthelandand
lttaxes,eyears
thereafter.inthosediffereions,itsdutytothepublic
ysotishaveobligedit,houtanyfaultofits
directors,tooverstockthecirculatio
likeertsbills,andhas,uponseveral
differentoccasions,supportedthecreditoftheprincipal
houses,notonlyofengland,butofhaurgandholland.uponone
occasion,in1763,itissaidtohaveadvancedforthispurpose,
inonel1,600,000,agreatpartofitinbullion.i
donot,hoeherthegreatnessofthe
suortheshortnessoftheti.uponotheroccasions,this
greatpanyhasbeenreducedtotheyofpayingin
sixpences.
itisnotbyaugntingthecapitaloftheuntry,butby
renderingagreaterpartofthatcapitalactiveandproductive
thanostjudiciousoperationsof
bankingcreasetheindustryoftheuntry.thatpartof
hiscapitaluneloyed,
andinreadyney,foransands,issoch
deadstock,ainsinthissituation,
produortohisuntry.thejudicious
operationsofbankingenablehiohisdeadstoto
aaterialstoo
toolstoh,andintoprovisionsandsubsisteowork
for;intostoselfandto
hisuntry.thegoldandsilverneyesinany
untry,andbyansofheproduceofitslandandlabour
isannuallyers,
is,inthesahereadyhedealer,alldead
stock.itisaveryvaluablepartofthecapitaloftheuntry,
hingtotheuntry.thejudiciousoperations
ofbanking,bysubstitutingpaperintheroofagreatpartof
thisgoldandsilver,eheuntrytreatpart
ofthisdeadstotoactiveandproductivestotostock
ethingtotheuntry.thegoldandsilver
neyayveryproperlybe
paredtoahighcirculatesandcarriesto
rketallthegrassandoftheuntry,producesitselfnot
asinglepileofeither.thejudiciousoperationsofbanking,by
providing,ifiybealloetaphor,asortof
hroughtheair,eheuntryto,asit
partofitshighogoodpasturesand
fields,andtherebytoincreaseverynsiderablytheannual
produerdindustryofthe
untry,houstbeaoaybe
soented,otbealtogethersosecureheyare
thus,asithedaedalianwingsofpaper
neyasheytravelaboutuponthesolidgroundofgoldand
silver.overandabovetheactstoheyareexposed
froheunskillfulnessofthenduoney,
theyareliabletoseveralothers,fronoprudenceor
skillofthosendu.
anunsuccessfulple,inygot
possessionofthecapital,andnsequentlyofthattreasure
oney,casiona
chgreaternfusioninauntryheion
haninonehegreaterpartofit
entof
radebut
eitherbybarterorupo.alltaxeshavingbeenusually
paidinpaperheprincehavehaleither
topayhistroops,ortofuishhisgazines;aeof
theuntryuchreirretrievablethanifthegreater
partofitscirculationhadnsistedingoldandsilver.a
prinaintainhisdonionsatalltisinthe
stateinosteasilydefendtheought,uponthis
aultiplication
ofpaperneyheverybanks;but
evenagainstthatltiplicationofittofill
thegreaterpartofthecirculationoftheuntryhit.
theaybensideredas
dividedintotbrahecirculationofthe
dealershoher,andthecirculatiohedealers
andthensurs.thoughthesapieoney,herpaper
ortal,ybeeloyedsotisintheonecirculationand
sotisiher,yetasbotharenstantlygoingonat
thesati,eaoneyofonekind
oraocarryiton.thevalueofthegoodscirculated
bethedifferentdealers,neverexceedthevalueof
thosecirculatedbeters;ever
isboughtbythedealers,beingultitelydestiobesoldto
thensurs.thecirculatiohedealers,asitis
carriedonby
foreveryparticulartransa.thatbethedealersand
thensurs,orary,asitisgenerallycarriedonby
retail,frequentlyrequiresbutverysllones,ashilling,or
evenahalfpenny,beingoftensuffit.butsllsu
asters
refrequentlythanaguinea,andahalfpennyrefrequently
thanashilling.thoughtheannualpurchasesofallthe
nsurs,therefore,areatleastequalinvaluetothoseofall
thedealers,theygenerallybetransacteduchsller
...