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the business
icefireaa Sun Jan 23, 2011 7:23 pm
the business
And, lastly, whenever the business of a place will justify it, to divide it between two or more banks, rather Timberland Boots for Women than to give one a Timberland Outlet monopoly.With jimmy choo whatever care the charter of a bank may be framed, it should not be perpetual, nor extend to a very long term. Policy would seem to recommend that it should last long enough for the bank to acquire stability, and the public to acquire confidence ; but not long enough to prevent the legis-lature from profiting by experience, to correct its former errors, and supply its omissions. The rapid changes which are eyer Cheap Timberland Boots taking place in our country, and the new light that time is ever casting on the theory of banks, suggest further reasons why bank charters should be subjected to periodical revision after no very long term. Ten and Timberland Boots Outlet twenty years seem to be the extremes which they should not transcend either way.banks of deposit compared with banks of circulation.But, since banks require so much regulation, to insure their safety, and legislatures, judging from all past experience, are so likely to mistake their duties in this particular, or to neglect them, some have thought that it would be better to do without such regulation altogether; that, by means of a currency wholly metallic, although we might appear to travel the road Timberland Boots for Men to wealth more slowly, we should travel it more steadily and safely; and that, in thus avoiding the dangers of banks of circulation, we might secure to ourselves their chief benefits by banks of deposit, and the bills of exchange and other negotiable paper of private bankers.To this it may be replied, in the first place, that, under a system of banking confessedly defective, and susceptible of great improvement, the public does not sustain loss from one bank in a hundred, in a year; and to suppose that these partial and occasional mischiefs should induce the public to forego their benefits, is like supposing that jimmy choo shoes men will forbear to ride, because now and then a horse runs away with his rider, or falls with him, and makes him, a Timberland Boots cripple. And in the same way that steamboats continue to ply on the Mississippi, notwithstanding the disastrous explosions that have occurred there, and no one thinks of jimmy choo uggs returning to the keel-boats by which they once carried on the commerce of the river without danger; so will commercial communities continue to avail themselves of the facilities afforded by banks, in spite of their occasional failure, and other concomitant evils.
And, lastly, whenever the business of a place will justify it, to divide it between two or more banks, rather Timberland Boots for Women than to give one a Timberland Outlet monopoly.With jimmy choo whatever care the charter of a bank may be framed, it should not be perpetual, nor extend to a very long term. Policy would seem to recommend that it should last long enough for the bank to acquire stability, and the public to acquire confidence ; but not long enough to prevent the legis-lature from profiting by experience, to correct its former errors, and supply its omissions. The rapid changes which are eyer Cheap Timberland Boots taking place in our country, and the new light that time is ever casting on the theory of banks, suggest further reasons why bank charters should be subjected to periodical revision after no very long term. Ten and Timberland Boots Outlet twenty years seem to be the extremes which they should not transcend either way.banks of deposit compared with banks of circulation.But, since banks require so much regulation, to insure their safety, and legislatures, judging from all past experience, are so likely to mistake their duties in this particular, or to neglect them, some have thought that it would be better to do without such regulation altogether; that, by means of a currency wholly metallic, although we might appear to travel the road Timberland Boots for Men to wealth more slowly, we should travel it more steadily and safely; and that, in thus avoiding the dangers of banks of circulation, we might secure to ourselves their chief benefits by banks of deposit, and the bills of exchange and other negotiable paper of private bankers.To this it may be replied, in the first place, that, under a system of banking confessedly defective, and susceptible of great improvement, the public does not sustain loss from one bank in a hundred, in a year; and to suppose that these partial and occasional mischiefs should induce the public to forego their benefits, is like supposing that jimmy choo shoes men will forbear to ride, because now and then a horse runs away with his rider, or falls with him, and makes him, a Timberland Boots cripple. And in the same way that steamboats continue to ply on the Mississippi, notwithstanding the disastrous explosions that have occurred there, and no one thinks of jimmy choo uggs returning to the keel-boats by which they once carried on the commerce of the river without danger; so will commercial communities continue to avail themselves of the facilities afforded by banks, in spite of their occasional failure, and other concomitant evils.
icefireaa- Posts : 3
Join date : 2011-01-23
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