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An Enquiry Into the Duties of Men in the Higher and Middle Classes of Society in Great Britain Volume 2; Resulting from Their Respective Stations, Professions, and Employments

An Enquiry Into the Duties of Men in the Higher and Middle Classes of Society in Great Britain Volume 2; Resulting from Their Respective Stations, Professions, and Employments


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About the Book

This historic book may have numerous typos and missing text. Purchasers can download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1824 Excerpt: ...and generally consists in some advantage in the mode of drawing bills, or in a commission. On the other hand, some interest is allowed by most country banks on the deposits committed to them in the way of business. It is also a common practice with the country banker to issue, and to circulate as widely as possible, and chiefly by the payments made to customers, his own notes for small sums payable to the bearer on demand; a practice from which the London banker is precluded by the decided preference which the notes of the Bank of England have obtained in the capital. It is usual, likewise, with country banks to draw into their hands, from persons not keeping any regular account with them, very considerable sums at low interest; for which sums they give interest-notes payable to the order of the depositor. From these three sources, namely, first, the deposit of customers in the common way of business, for which interest is allowed, or not, according to the custom of the place; secondly, the circulation of bank notes; and, thirdly, the emission of interest-notes, that fund is raised, which, together with his own capital, the banker has to lend out, after making such a reservation of cash in the house, or in the hands of his London banker, as is necessary to meet current demands. This money he lends chiefly to his trading customers on the security of bills, or perhaps on their own single security, as the credit of the individual and the usage of the place may be; thus disposing them not only to keep cash with him, but likewise to exert their influence, in proportion to the accommodations which they receive, in promoting the circulation of his notes, and in introducing him in various ways to additional employment. The interest accruing on the money thus lent o...


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Product Details
  • ISBN-13: 9781150140419
  • Publisher: Rarebooksclub.com
  • Publisher Imprint: Rarebooksclub.com
  • Height: 246 mm
  • No of Pages: 106
  • Spine Width: 6 mm
  • Width: 189 mm
  • ISBN-10: 1150140410
  • Publisher Date: 01 May 2012
  • Binding: Paperback
  • Language: English
  • Returnable: N
  • Weight: 204 gr


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An Enquiry Into the Duties of Men in the Higher and Middle Classes of Society in Great Britain Volume 2; Resulting from Their Respective Stations, Professions, and Employments
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