 | Henry Thornton - Credit - 1802 - 332 pages
...country has had a share of the benefit. The common charge which is brought * Dr. Smith remarks, that it is not by augmenting the capital of the country,...that the most judicious operations of banking can encrease the industry of the country. " Dead stock," he observes, " is converted into active and productive... | |
 | Great Britain - 1802 - 764 pages
...procured if no country bank notes had existed. The capital so furnished to the farmers may possibly be so, that the most judicious operations of banking can increase the industry of thetuuntry. ' Dead stuck,' he observes, ' is con• verted into active and proper stock.' \VLether... | |
 | James Wilson, Bird Wilson - Law - 1804 - 456 pages
...and invigorates industry. " It is not," says Dr. Smith, in his Treatise on the Wealth of Nations, P " by augmenting the capital of the country, but by rendering...banking can increase the industry of the country. The part of his capital which a dealer is obliged to keep by him unemployed, and in ready money, for... | |
 | Henry Thornton - 1807 - 298 pages
...the productive capital of the country.* By this accession our manufactures, * Dr. Smith remarks, that it is not by augmenting the capital of the country,...banking can increase the industry of the country. " Dead stock," he observes, " is converted into active and productive stock." Whether the introduction... | |
 | Adam Smith - Economics - 1812 - 520 pages
...Upon other occafions, this great company has been reduced to the neceffity of paying in fixpences. It is not by augmenting the capital of the country,...part of that capital active and productive than would otherwife be fo, that the moft judicious operations of banking can increafe the induftry of the country.... | |
 | Adam Smith - Economics - 1812 - 530 pages
...Upon other occafions, this great company has been reduced to the neceffity of paying in fixpences. It is not by augmenting the Capital of the country,...of tha,t capital active and productive than would otherwife be fo, that the moft judicious operations of banking can increafe the induftry of the country.... | |
 | Adam Smith - Economics - 1812 - 582 pages
...than would otherwife be fb, that the mod judicious operations of banking can increafe the induftry of the country. That part of his capital which a dealer...is obliged to keep by him unemployed, and in ready mo* ney, for anfwering occafional demands, is fo much dead ftock^ which, fo long as it remains in this... | |
 | Adam Smith - Economics - 1812
...Upon other occafions, this great company has been reduced to the neceffity of paying in fixpences. It is not by augmenting the capital of the country, but by rendering a greater part of that capital aclive and productive than would otherwife be fo, that the moft judicious operations of banking can... | |
 | Political science - 1845 - 908 pages
...following quotation from Dr. Smith ( Wealth of Stations, vol. ii. p. 69), in his chanter on Money : — " It is not by augmenting the capital of the country,...than would otherwise be so, that the most judicious operation« of banking can increase the industry of the country. That part of his capital which a dealer... | |
 | John Ramsay McCulloch - Banks and banking - 1857 - 718 pages
...commodities in return. The guinea spared from circulation has contributed to bring * Dr. Smith remarks, that it is not by augmenting the capital of the country,...that the most judicious operations of banking can encrease the industry of the country. " Dead stock," he observes, "is converted into active and productive... | |
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It is not by augmenting the capital of the country, but by rendering a greater part of that capital active and productive than would otherwise be so, that the most judicious operations of banking can increase the industry of the country. 
