The History of Banking in America: With an Inquiry how Far the Banking Institutions of America are Adapted to this Country ; and a Review of the Cause of the Recent Pressure on the Money Market
Longman, Rees, Orme, Brown, Green, & Longman, 1837 - 207 páginas
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advance aforesaid America amount of notes balance-sheet Bank of England Bank of Ireland bankers banks of issue bills of exchange branch banks branches bullion capital stock cent centum chartered banks circulating medium commercial committee commonwealth Congress consequence contraction corporation country banks country circulation currency debts deeds of settlement demand deposit banks directors discount district Ditto dividends dollars duty effect employed established excessive issue exportation extent Farmers foreign exchanges funds further enacted gold coins hence increased institutions invested issue notes joint stock banks legislature loans London Lord Althorp manager ment millions money market notes in circulation object operations paid paid-up capital paper payable payment pound sterling present principle private banks profit proportion proprietors Quarter Eagles rate of interest regulations returns securities shareholders silver sixty-five miles specie speculation stockholders tion transactions treasury United unlimited liability whole
Página 6 - Among the enumerated powers, we do not find that of establishing a bank or creating a corporation. But there is no phrase in the instrume'nt which, like the Articles of Confederation, excludes incidental or implied powers ; and which requires that everything granted shall be expressly and minutely described.
Página 22 - Congress, become the seat of the Government of the United States, and to exercise like authority over all places purchased by the consent of the Legislature of the state in which the same shall be, for the erection of forts, magazines, arsenals, dock yards and other needful buildings.
Página 22 - ... accomplished would be a temptation to designing men to secure that control in their own hands by monopolizing the remaining stock. There is danger that a president and directors would then be able to elect themselves from year to year, and without responsibility or control manage the whole concerns of the bank during the existence of its charter.
Página 198 - The planter, the farmer, the mechanic, and the laborer all know that their success depends upon their own industry and economy, and that they must not expect to become suddenly rich by the fruits of their toil.
Página 54 - State, for the safe keeping and repayment thereof, and shall pledge the faith of the States receiving the same, to pay the said moneys, and every part thereof, from time to time, whenever the same shall be required, by the Secretary of the Treasury, for the purpose of defraying any wants of the public treasury, beyond the amount of the five millions aforesaid...
Página 24 - He never stooped to the arena of partisan discussions, but in the consideration of important subjects, especially that of the removal of the public deposits from the Bank of the United States, he proved himself to be a statesman of high rank, and a most accomplished debater.
Página 196 - ... numerous class, as far as practicable, from the impositions of avarice and fraud. It is more especially the duty of the United States, where the Government is emphatically the Government of the people, and where this respectable portion of our citizens are so proudly distinguished from the laboring classes of all other nations by their independent spirit, their love of liberty, their intelligence. and their high tone of moral character.
Página 24 - Resolved, That the President, in the late Executive proceedings in relation to the public revenue, has assumed upon himself authority and power not conferred by the Constitution and laws, but in derogation of both.
Página 199 - The mischief springs from the power which the moneyed interest derives from a paper currency which they are able to control, from the multitude of corporations with exclusive privileges, which they have succeeded in obtaining in the different states, and which are employed altogether for their benefit ; and unless you become more watchful in your states, and check this spirit of monopoly and thirst for exclusive privileges, you will, in the end, find that the most important powers of government have...