A Brief View of the Policy and Resources of the United States by R. Hare; Comprising Some Strictures on a Letter on the Genius and Dispositions of the French Government by R. Walsh
A Brief View of the Policy and Resources of the United States by R. Hare; Comprising Some Strictures on a Letter on the Genius and Dispositions of the French Government by R. Walsh
This historic book may have numerous typos and missing text. Purchasers can download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1810 Excerpt: ...operation of law, or custom; and on the disadvantage which he must incur, if by a failure in his engagements he should lose that credit, which is indispensable to his mercantile career. But though capital is not necessary to create credit, this can have no efficiency without it. It avails little that people are ...
Read More
This historic book may have numerous typos and missing text. Purchasers can download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1810 Excerpt: ...operation of law, or custom; and on the disadvantage which he must incur, if by a failure in his engagements he should lose that credit, which is indispensable to his mercantile career. But though capital is not necessary to create credit, this can have no efficiency without it. It avails little that people are satisfied of credit, if they have no capital to lend. Credit is therefore an accelerating cause, not a primary source of wealth: and its efficiency is regulated by the state of morality, the wisdom and certainty of the laws, the quantity of capital, and the field for its operation. It is not, however, limited by the quantity of capital within the nation, when there exists a free intercourse with other nations, where it abounds in greater proportion to the field for employment. In this we see the immense importance of fair dealing with foreigners, and of affording them the greatest legal facilities in the recovery of their debts. Should the foreign purchasers of our bank, or national stock, be at any time subjected to loss by the want of adequate legislative steadiness or support; it will cause an injurious diminution in the efficiency of our commercial credit, by limiting or reducing the quantum of capital, by which this credit is regulated. It has already been shown that among individuals, credit as a medium of commercial interchange, has a more beneficial operation than money, in this important point: that the latter may be applied to the support of idleness or pleasure, whereas the former, can only be productive through the medium of industry, and of course will incite the possessor to be industrious; unless he be willing by employing it dishonestly, to incur the evils of legal pu- nishment, of lost character, and of lost credit. Among nation...
Read Less
Add this copy of The Isle of Unrest 1 to cart. $19.00, new condition, Sold by Paperbackshop rated 4.0 out of 5 stars, ships from Bensenville, IL, UNITED STATES, published 2019 by HardPress Publishing.
Add this copy of A Brief View of the Policy and Resources of the United to cart. $29.70, new condition, Sold by Booksplease rated 4.0 out of 5 stars, ships from Southport, MERSEYSIDE, UNITED KINGDOM, published 2019 by Hardpress Publishing.
