...other occafions, this great company has been reduced to the neceffity of paying in fixpences. IT is not by augmenting the capital of the country, but by rendering...part of that capital active and productive than would otherwife be fo, that the moft judicious operations of banking can increafe the induftry of the country....

...had a share of the benefit. The common charge which is brought * Dr. Smith remarks, that it is not by augmenting the capital of the country, but by rendering...that the most judicious operations of banking can encrease the industry of the country. " Dead stock," he observes, " is converted into active and productive...

...procured if no country bank notes had existed. The capital so furnished to the farmers may possibly be so, that the most judicious operations of banking can increase the industry of thetuuntry. ' Dead stuck,' he observes, ' is con• verted into active and proper stock.' \VLether...

...and invigorates industry. " It is not," says Dr. Smith, in his Treatise on the Wealth of Nations, P " by augmenting the capital of the country, but by rendering...banking can increase the industry of the country. The part of his capital which a dealer is obliged to keep by him unemployed, and in ready money, for...

...productive capital of the country.* By this accession our manufactures, * Dr. Smith remarks, that it is not by augmenting the capital of the country, but by rendering...banking can increase the industry of the country. " Dead stock," he observes, " is converted into active and productive stock." Whether the introduction...

...other occasions, this great company has been reduced to the necessity of paying in sixpences. It is not by augmenting the capital of the country, but by rendering...industry of the country. That part of his capital whicha dealer is obliged to keep by him unemployed and in ready money, for answering occasional demands,...

...other occafions, this great company has been reduced to the neceffity of paying in fixpences. It is not by augmenting the capital of the country, but by rendering...part of that capital active and productive than would otherwife be fo, that the moft judicious operations of banking can increafe the induftry of the country....

...other occafions, this great company has been reduced to the neceffity of paying in fixpences* It is not by augmenting the capital of the country, but by rendering...part of that capital active and productive than would otherwife be fb, that the mod judicious operations of banking can increafe the induftry of the country....

...other occafions, this great company has been reduced to the neceffity of paying in fixpences. It is not by augmenting the capital of the country, but by rendering a greater part of that capital aclive and productive than would otherwife be fo, that the moft judicious operations of banking can...

...System of Banking 171 Off PAPER MONEY, fa, fa. SECTION I. State of the Currency Question. IT is not by augmenting the capital of the country, but by rendering...country. That part of his capital, which a dealer is obliged to keep by him unemployed, and in ready money for answering occasional demands, is so much...