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Niles' national register Volume 29 : containing political, historical, geographical, scientifical, statistical, economical, and biographical ... and a record of the events of the

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Niles' national register Volume 29 : containing political, historical, geographical, scientifical, statistical, economical, and biographical ... and a record of the events of the

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    Available in PDF Format | Niles' national register Volume 29 : containing political, historical, geographical, scientifical, statistical, economical, and biographical ... and a record of the events of the.pdf | English
    Hezekiah Niles (Author)
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. 1826 Excerpt: ...the people observe large quantities of the bills of any distant bank, suddenly thrown among them, without knowing some reason why it is so--they should invariably refuse to receive them: for they may be assured that some t/iieverp is going on. SCjrSince the preceding was written, we are happy to learn that the alarm has subsided in New York. The office of the bank of the United States, with great good sense and liberality, extended its discounts to $400,000--this enabled the other banks to extend (heir's. A spirit of accommodation is abroad, ami confidence was increased, and all promises to be well. New York is very able to bear what she it said to have lott. Individuals have failed, and others probably may--but the general amount of real capital and solid wealth, will easily overcome all the difficulties thereby caused, so far as they should affect the general business of the city, if liberally and prudently ased to sustain worthy persons stmggling with adversity. We, in Baltimore, had our time of alarm and real distress--but, for the last eighteen months, only one bond has not been paid at the custom house when due: that bond was for less than 150 dollars: and not paid, because the debtor happened to be absent from home--but he nettled it immediately on hi return. Banks. The state bank at Trenton had obtained a judgment against a Mr. Cone--and he had Sued the bank, (a broken one), for certain of its notes, to offset his own. In the progress of these matters it appears to be settled--that banks are bound to receive their own notes in the payment of debts due to them. This is as it should be, and will prevent managers of such institutions from making total divisions of the money and credits among themselves! and, in general, secure the ultimate payment of t...
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  • PDF | 512 pages
  • Hezekiah Niles (Author)
  • RareBooksClub.com (6 Mar. 2012)
  • English
  • 7
  • Other books
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