The Collected Works of Walter Bagehot, Том 10

able America amount augmented bank notes Bank of England bankers believe bills bullion called capital cause cent charge circulation coin commodities compared consequence considerable continue course currency danger demand deposits depreciation difficulty discount doubt Economist effect English equal established exchange existing export fact fall fixed France give given gold greater hand important income increase India industry interest issue keep land less liabilities limited London matter means metal Mobilier national banks natural necessary never notes objection obtain operation paid panic payment period persons possible practically present principle probably produce profit proposed published railway raise reason received reserve rise rupees securities shares silver supply things trade United Volume whole