An Inquiry into the Principles of Political Oeconomy (Vol. 2 of 2): Being an essay on the science of domestic policy in free nations. In which are particularly considered population, agriculture, trade, industry, money, coin, interest, circulation, banks, exchange, public credit, and taxesSteuart, James, Sir
General
An Inquiry into the Principles of Political Oeconomy (Vol. 2 of 2): Being an essay on the science of domestic policy in free nations. In which are particularly considered population, agriculture, trade, industry, money, coin, interest, circulation, banks, exchange, public credit, and taxes
Steuart, James, Sir
Economics
Of Banks.
CHAP. I. Of the various kinds of credit, 141
CHAP. II. Of private credit, 144
CHAP. III. Of banks, 146
CHAP. IV. Of banks of circulation upon mortgage or private 150
credit,
CHAP. V. Such banks ought to issue their notes on private, 153
not mercantile credit,
CHAP. VI. Use of subaltern bankers and exchangers, 154
CHAP. VII. Concerning the obligation to pay in coin, and 157
the consequences thereof,
CHAP. VIII. How a wrong balance of trade affects banks of 161
circulation,
CHAP. IX. How a grand balance may be paid by banks, without 162
the assistance of coin,
CHAP. X. Insufficiency of temporary credits for the payment 164
of a wrong balance,
CHAP. XI. Of the hurt resulting to banks, when they leave 165
the payment of a wrong balance to exchangers,
CHAP. XII. How the payment of a wrong balance affects 169
circulation,
CHAP. XIII. Continuation of the same subject; and of the 178
principles upon which banks ought _to borrow abroad_, and
_give credit at home_,
CHAP. XIV. Of optional clauses contained in bank notes, 195
CHAP. XV. Of subaltern banks of circulation, and of their 202
competition with one another,
CHAP. XVI. Of some regulations proper to be made with 205
regard to national banks,
CHAP. XVII. When, and in what case, banks should be obliged 208
to keep open books,
CHAP. XVIII. Is it the interest of banks to grant credits 210
and cash accompts to exchangers and others, who make a
trade of sending coin out of the country?
CHAP. XIX. Application of the principles above deduced, 212
towards forming the policy of circulation,
CHAP. XX. Objections to this doctrine, 215
CHAP. XXI. How, by a return of a favourable balance, the 218
bank may be enabled to pay off the debts due to
foreigners, and thus deliver the nation from that burden,
CHAP. XXII. Of banks of circulation, established on 220
mercantile credit,
CHAP. XXIII. Of the first establishment of Mr. Law’s bank 235
of circulation, in the year 1716,
CHAP. XXIV. Account of the variations of the French coin 236
some time before and after the death of Louis XIV.
CHAP. XXV. Continuation of the account of Law’s bank, 239
CHAP. XXVI. Account of the royal Mississippi bank of 243
France, established on public credit,
CHAP. XXVII. A short account of the French company of the 247
Indies,
CHAP. XXVIII. Chronological anecdotes, 250
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