 | Walter Bagehot - Banks and banking - 1873 - 382 pages
...reserve.' The directors of the Bank are, therefore, in fact, if not in name, trustees for the public, fto keep a^ banking reserve on their behalf; and it would naturally be expected either_that they distinctly recognized this duty and engaged to perform it, or that their own self-interest... | |
 | Walter Bagehot - Banks and banking - 1877 - 384 pages
...depend on some banker. If a merchant have io,ooo/. at his bankers, and wants to pay it to some one in Germany, he will not be able to pay it unless his...naturally be expected either that they distinctly recognized this duty and engaged to perform it, or that their own self-interest was so strong in the... | |
 | Walter Bagehot - English literature - 1891 - 728 pages
...merchants depend on some banker. If a merchant have £10,000 at his bankers, and want to pay it to some one in Germany, he will not be able to pay it unless his...naturally be expected either that they distinctly recognized this duty and engaged to perform it, or that their own self-interest was so strong in the... | |
 | Walter Bagehot - Banks and banking - 1896 - 384 pages
...be able to pay if the Bank of England should be in difficulties and cannot produce his ' reserve.1 The directors of the Bank are, therefore, in fact,...matter that no engagement was needed. But so far from there being a distinct undertaking on the part of the Bank directors to perform this duty, many of... | |
 | Fritz Per Hansson Brock - Depressions - 1909 - 250 pages
...Den svåra mellanställning, i hvilken Bank of Englands direktörer befinna sig såsom å ena sidan »trustees for the public, to keep a banking reserve on their behalf» och å den andra såsom besjälade af »the natural desire of all directors to make a good dividend... | |
 | Walter Bagehot - English literature - 1915 - 370 pages
...depend on some banker. If a merchant have £10,000 at his banker's, and wants to pay it to some one in Germany, he will not be able to pay it unless his...matter that no engagement was needed. But so far from there being a distinct undertaking on the part of the Bank directors to perform this duty, many of... | |
 | Walter Bagehot - Banks and banking - 1921 - 394 pages
...depend on some banker. If a merchant have £10,000 at his banker's and wants to pay it to some one in Germany, he will not be able to pay it unless his...matter that no engagement was needed. But so far from there being a distinct undertaking on the part of the Bank directors to perform this duty, many of... | |
 | Walter Leaf - Banks and banking - 1927 - 268 pages
...Street. In 1873 Bagehot had to call attention to two things, first that "the Directors of the Bank are in fact, if not in name, trustees for the public, to keep a banking reserve on their behalf," and second that "so far from there being a distinct undertaking on the part of the Bank Directors to perform... | |
 | Forrest Capie, Geoffrey Edward Wood - Business & Economics - 1999 - 264 pages
...Street. In 1873 Bagehot had to call attention to two things, first that " the Directors of the Bank are in fact, if not in name, trustees for the public, to keep a banking reserve on their behalf," and second that u so far from there being a distinct undertaking on the part of the Bank Directors to perform... | |
 | Walter Bagehot - Business & Economics - 2007 - 406 pages
...produce his ' reserve,' The directors of the Bank are, therefore, in fact, if not in name, trustee^ for the public, to keep a banking reserve on their...matter that no engagement was needed. But so far from there being a distinct undertaking on the part of the Bank directors to perform this duty, many of... | |
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If a merchant have £10,000 at his banker's, and wants to pay it to some one in Germany, he will not be able to pay it unless his banker can pay him, and the banker will not be able to pay if the Bank of England should be in difficulties and cannot produce... 