A Defence of the Joint-Stock Banks: An Examination of the Causes of the Present Monetary Difficulties and Hints for the Future Management of the Circulation (Classic Reprint) - Tapa blanda

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Excerpt from A Defence of the Joint-Stock Banks: An Examination of the Causes of the Present Monetary Difficulties and Hints for the Future Management of the Circulation

No subject can be more interesting than that of the circulation of the country. The welfare of the whole commercial body depends upon it, and if any thing occurs to interrupt the usual steady course of a healthy currency, the derangement does not alone affect commerce, but it extends itself to the body Politic. It thus becomes an object of great National importance to guard it by legislative enactments from all frequent and sudden changes; and it is therefore desirable that the question should at this moment be thoroughly examined, and the causes of the present derangement of the circulation investigated.

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