 | Banks and banking - 1850 - 916 pages
...its expediency seems abundantly obvious. The run did not originate in any over-issue of bank-paper, but grew entirely out of political causes. So long...alarms of invasion continued, it was clear that no bank-paper immediately convertible into gold would remain in circulation. And as the Bank, though possessed... | |
 | John Ramsay McCulloch - Commerce - 1852 - 790 pages
...circulation. And as the Bank, though po.-sesscd of ample funds, was without the means of instvitly retiring her notes, she might, but for the interference of government, have been obliged to stop payment, ; an event which, had it occurred, must have produced consequences h the last degree fatal... | |
 | Charles Sumner - Antislavery movements - 1872 - 534 pages
...its expediency seems abundantly obvious. The run did not originate in any over-issue of bank paper, but grew entirely out of political causes. So long...that no bank paper immediately convertible into gold mould remain in circulation. And as the Bank, though possessed of ample funds, was without the means... | |
 | Charles Sumner - Antislavery movements - 1874 - 540 pages
...out of political causes. So lona as the alarms of invasion continued, it was dear that no bank imper immediately convertible into gold would remain in...stop payments, — an event, which, had it occurred, might have produced consc<[uences fatal to the public interests. The error of the Government did not... | |
 | Encyclopedias and dictionaries - 1888 - 928 pages
...its expediency seems abundantly obvious. The run did not originate in any over-issue of bank paper, but grew entirely out of political causes. So long...funds, was without the means of instantly retiring its notes, it might, but for the interference of Government, have been obliged to stop payments, —... | |
 | Charles Sumner - Speeches, addresses, etc., American - 1900 - 408 pages
...its expediency seems abundantly obvious. The run did not originate in any over-issue of bank paper, but grew entirely out of political causes. So long...stop payments, — an event, which, had it occurred, might have produced consequences fatal to the public interests. The error of the Government did not... | |
 | Encyclopedias and dictionaries - 1907 - 780 pages
...its expediency seems abundantly obvious. The run did not originate in any over-issue of bank paper, but grew entirely out of political causes. So long...paper immediately convertible into gold would remain iu circulation. And as the bank, though possessed of ample funds, was wiihout the means of instantly... | |
 | Banks and banking - 1850 - 902 pages
...its expediency seems abundantly obvious. The run did not originate in any over-issue of bank-paper, but grew entirely out of political causes. So long as the alarms of invasion continued, it wns clear that no bank-paper immediately convertible into gold would remain in circulation. And as... | |
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Much difference of opinion has existed with respect to the policy of the restriction in 1797 ; but, considering the peculiar circumstances under which it took place, its expediency seems abundantly obvious. The run did not originate in any over-issue... 