Those who think that this tendency to use gold coins should be further encouraged have advocated

Having once started on a career of furious coinage, they continued to do so with little regard to considerations of ordinary prudence—though their sins did not overtake them immediately. It has done perhaps less ‘bad business,’ certainly less very bad business, than any bank of the same size and the same age. ‘The late meeting… Poursuivre la lecture de Those who think that this tendency to use gold coins should be further encouraged have advocated

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For some time loans were freely given in this way

It is desirable to encourage the popularity of the note issue, and to avoid encouraging its rivals, not only for reasons of immediate economy or because, by the centralisation of the reserves, the stability of the currency is increased, but also because, in a country where cheques are not likely for many years to come… Poursuivre la lecture de For some time loans were freely given in this way

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[36] we know also how much of this addition is in the form of sovereigns, and

In the second place, as there is no Central Bank in India, there is no Government Banker. In the worst part of the crisis of 1866, 50,000 L. It was also most natural that the bill-brokers, having by the constant practice of this lucrative trade obtained high standing and acquired great wealth, should become, more… Poursuivre la lecture de [36] we know also how much of this addition is in the form of sovereigns, and

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The custom and convenience of the people justify this, so far as concerns payment in small

│Treasuries. If this is the case in European countries, there cannot be much doubt as to what would happen in India. Notwithstanding other changes, the distribution of the customers of the bill-brokers in different parts of the country still remains much as Mr. In fact, some recent complaints against the existing currency policy have been… Poursuivre la lecture de The custom and convenience of the people justify this, so far as concerns payment in small

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(yet this last argument for a state bank, though i have amplified it in my summary

As a matter of fact the season of 1906–7 turned out well, and the demand for rupees was on a large scale. The Indian Money Market would need to remit funds to London, but, on account of the internal banking crisis and an outbreak of hoarding amongst depositors, would not have even rupee resources with… Poursuivre la lecture de (yet this last argument for a state bank, though i have amplified it in my summary

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What is wanted at the bank is not a new clerk to the directors–they have excellent

[17] These Acts were repealed in 1861, when the present Government Paper Currency was first instituted. New people coming into Lombard Street judge by results; they give to those who have: they take their money to the biggest bank because it is the biggest. │1910. The combination of so low a rate of exchange with… Poursuivre la lecture de What is wanted at the bank is not a new clerk to the directors–they have excellent

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Under a good system of banking, a great collapse, except from rebellion or invasion, would probably

1904. Scarcely any instance of great success in a railway can be mentioned in which the chairman has not been an active and judicious man of business, constantly attending to the affairs of the company. This seems to have worked satisfactorily up to 1874. In their past relations with the Presidency Banks in the matter… Poursuivre la lecture de Under a good system of banking, a great collapse, except from rebellion or invasion, would probably

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