with secrecy

Broj poruka : 3 Datum upisa : 04.05.2011

with secrecy

There is far less temptation ; and to MBT Sale do it with secrecy and impunity is impossible.It will, then, always happen, where there are private bankers, whose paper obtains credit and currency, that some of them will distend that credit until it bursts; and then the evil, MBT great as it is, will not be confined to their creditors, but it brings the paper of other bankers into suspicion, involves some in the same common ruin, and, for a time, embarrasses the operations of all.If such would be the result of banks of deposit; if they will not supersede banks of issue, but merely substitute private bankers to chartered banks; and if the latter &re exempt from chances of failure to which the former are exposed, it conclusively follows, that our present system is better than the one which some have recommended in its stead.Nor can it be supposed, that the bills of exchange or drafts of private bankers will answer all the purposes of bank notes, for safety and facility of transport; as it is known, that those expedients often subject the traveller to charges which are sometimes heavy, besides the trouble of compelling MBT Trainers him to betake himself to a banker, in every town he passes through; whereas, if he has the paper of a bank in high credit, this trouble and expense is saved. Private bankers may, indeed, be very useful where there are no banks, whether such bankers issue notes or not; but their drafts would commonly prove a poor substitute, in this country, for the notes of an established bank in good credit. But some, who are entirely satisfied of the benefits of banks of MBT Shoes Sale circulation, think those benefits can be best attained by leaving the banking business altogether unrestricted. Perceiving the great advantages of freedom in commerce, and in the employments of industry and skill generally, they believe it would prove equally beneficial in banking. They maintain that, if the business be left open to the free competition of individuals and associations, the MBT Shoes public will be better supplied with banks, precisely as they are with mills, ships, manufactories, and every thing else. Banking will then obtain its full share of capital, from which it is now partially excluded by legislative restrictions, and it will obtain no more than its share, as capital will take this direction, just as far as it can be used more productively to its proprietors, and no farther.