A Financial, Monetary, and Statistical History of England, from the Revolution of 1688 to the Present Time: Derived Principally from Official Documents

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E. Wilson, 1847 - Finance - 414 pages
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Page 39 - It is a wise rule, and should be fundamental in a government disposed to cherish its credit, and at the same time to restrain the use of it within the limits of its faculties, never to borrow a dollar without laying a tax, in the same instant, for paying the interest annually, and the principal within a given
Page 131 - most affluent [!] and prosperous situation, and such as to preclude every doubt as to the security of its notes. The directors mean to continue their usual discounts for the accommodation of the commercial interest, paying the amount in bank notes ; and the dividend warrants will be paid in the same
Page 40 - majority, to bind themselves; but none to bind the succeeding generation, more than the inhabitants of another country. Or the case may be likened to the ordinary one of a tenant for life, who may hypothecate the land for his debts, during the continuance of his usufruct; but at his death the reversioner (who is for life only) receives it exonerated from all
Page 71 - unrelatively, or relatively alone to some immediate object. The notion of attaching men to the new Government, by tempting them to embark their fortunes on the same bottom was a reason of State to some; the notion of creating a new, that is a moneyed interest, in opposition to
Page 40 - The earth belongs to the living, not to the dead. The will and power of man expire with his life by nature's law. Some societies give it an artificial continuance, for the encouragement of industry. Some refuse it: as our aboriginal neighbours whom we call Barbarians. . The generations of men may be considered as bodies or corporations. Each generation has the
Page 41 - society, one half will be dead in eighteen years and eight months. At NINETEEN YEARS then, from the date of a contract, the majority of the contractors are dead, and their contract with them. Let this general theory be applied to a particular case. Suppose the annual
Page 403 - forma Invoices, Account Sales, Bills of Lading, and Bills of Exchange. Also, an Explanation of the German Chain-Rule, as applicable to the Calculations of Exchanges; with a Nomenclature of Technicalities not to be found in any Dictionary. By
Page 72 - your lordship sees not only how much a due reflection upon the experience of other ages and countries would have pointed out national corruption, as the natural and necessary consequence of investing the Crown with the management of so great a revenue, but also, the loss of liberty, as the natural and necessary consequence of national
Page 403 - rates, may be obtained by the inspection of one page only. Each Kate occupies eighty pages: the last five of which are devoted to the same number of pounds from 1 to 11 months, and from 1 to 10

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