The Life of Abraham Newland, Esq., Late Principal Cashier at the Bank of England: With Some Account of that Great National Establishment; to which is Added an Appendix, Containing the Late Correspondence of the Chancellor of the Exchequer with the Bank, and a List of the Statutes Passed Relative to It, from the Time of Its Incorporation; Embellished with a Portrait, from an Original Painting |
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Page 16
... gold and silver bullion , and coin . 2. Circulating sealed bills , bearing interest , ( long since discontinued . ) 3. Issuing cash notes on demand , bearing no interest . 4. Discounting bills of exchange and pro- missory notes . 5 ...
... gold and silver bullion , and coin . 2. Circulating sealed bills , bearing interest , ( long since discontinued . ) 3. Issuing cash notes on demand , bearing no interest . 4. Discounting bills of exchange and pro- missory notes . 5 ...
Page 28
... gold , in 1759 , partly occasioned by much money having been carried out of the nation , on ac- count of our expensive wars in Germany and America , and partly by the large demand for the current service of the year ; the Bank of ...
... gold , in 1759 , partly occasioned by much money having been carried out of the nation , on ac- count of our expensive wars in Germany and America , and partly by the large demand for the current service of the year ; the Bank of ...
Page 34
... gold and silver ; yet the thin paper , with certain magical circles drawn on it , was deemed the most va- luable , and men were most pleased with ob- taining it . He supposed the Directors coined this paper at will , so that in fact it ...
... gold and silver ; yet the thin paper , with certain magical circles drawn on it , was deemed the most va- luable , and men were most pleased with ob- taining it . He supposed the Directors coined this paper at will , so that in fact it ...
Page 40
... gold coin was at 31. 17s . 10 , for the same weight . It is evident , from this comparative state of bullion and coin , that the gold currency of the country would be exported to an alarming extent . The causes of this ad- vance in ...
... gold coin was at 31. 17s . 10 , for the same weight . It is evident , from this comparative state of bullion and coin , that the gold currency of the country would be exported to an alarming extent . The causes of this ad- vance in ...
Page 43
... gold coin , in their own possession . Certain it is , that very heavy demands were made upon the coun- try banks , several of which were obliged to stop all cash payments . Thus situated , the provincial banks were constrained to make ...
... gold coin , in their own possession . Certain it is , that very heavy demands were made upon the coun- try banks , several of which were obliged to stop all cash payments . Thus situated , the provincial banks were constrained to make ...
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Common terms and phrases
26th of February 340 per million 3dly 550 millions Abraham Newland Act of Parliament advance advantage allowance for management appears apprehend arrangement Astlett Bank notes Bank of England bankers Bills of Exchange Brook Watson bullion cent Chancellor CHAP charter chequer Bills Chief Cashier circumstances coin Committee of Treasury consideration Consolidated Fund Copy Council Court of Directors CROSBY'S Deputy Governor discount Downing-street duties Edition effect established Exchequer Bills Exeter Exchange extra boards February last Fund Gentlemen gold Government Governor and Deputy guineas honour House interest issued Letter Loan London Lord Lord George Gordon ment nearly Old Bailey opinion ounce paid paper Parliament payable peace period persons Plates present principal profit proposed Proprietors Public Balances Public Debt Public Service racter rate of Allowance receipt received reduced Resolution respect shew Shillings Stock tion Unclaimed Dividends Unredeemed vols
Popular passages
Page 45 - Exchequer, stating that from the result of the information which he has received, and of the inquiries it has been his duty to make, respecting the effect of the unusual demands for specie that have been made upon the metropolis, in consequence of illfounded or exaggerated alarms in different parts of the country...
Page 47 - We the undersigned merchants and others, being sensible how necessary the preservation of public credit is at this time, do hereby declare, that we will not refuse to receive bank notes in payment of any sum of money to be paid to us. And we will use our utmost endeavours to make all our payments in the same manner ;" and by live the next afternoon 1 14O had signed it.
Page 46 - England think it their duty to inform the proprietors of the bank stock, as well as the public at large, that the general concerns of the bank are in the most affluent and prosperous situation, and such as to preclude every doubt as to the security of its notes.
Page 65 - Committee to have been made upon corresponding securities, taken with the usual care and attention, the actual Balance in favour of the Bank...
Page 107 - Happy the man - and happy he alone He who can call today his own, He who, secure within, can say 'Tomorrow, do thy worst, for I have lived today: Be fair or foul or rain or shine, The joys I have possessed in spite of Fate are mine: Not Heaven itself upon the Past has power, But what has been has been, and I have had my hour.
Page 23 - This speech was received with the loudest applause, and bis lordship then moved the following resolution : ' That the whole body of the Protestant Association do attend in St. George's Fields, on Friday next, at ten of the o'clock in the morning, to accompany his lordship to the House of Commons on the delivery of the Protestant petition; which was carried unanimously.
Page 16 - ... accounts at the bank, foreign bills were discounted at three per cent., and inland bills at four and a half per cent. May 1.9. Running notes and bills were discounted at three per cent. May 6. The following advertisement appeared in the ' London Gazette :' — " The Court of Directors of the Bank of England give notice, that they will lend money on plate, lead tin, copper, steel, and iron, at four per cent, per annum.