PART II.

Of Banks.

CHAP. I. Of the various kinds of credit, 141

CHAP. II. Of private credit, 144

CHAP. III. Of banks, 146

CHAP. IV. Of banks of circulation upon mortgage or private 150

credit,

CHAP. V. Such banks ought to issue their notes on private, 153

not mercantile credit,

CHAP. VI. Use of subaltern bankers and exchangers, 154

CHAP. VII. Concerning the obligation to pay in coin, and 157

the consequences thereof,

CHAP. VIII. How a wrong balance of trade affects banks of 161

circulation,

CHAP. IX. How a grand balance may be paid by banks, without 162

the assistance of coin,

CHAP. X. Insufficiency of temporary credits for the payment 164

of a wrong balance,

CHAP. XI. Of the hurt resulting to banks, when they leave 165

the payment of a wrong balance to exchangers,

CHAP. XII. How the payment of a wrong balance affects 169

circulation,

CHAP. XIII. Continuation of the same subject; and of the 178

principles upon which banks ought _to borrow abroad_, and

_give credit at home_,

CHAP. XIV. Of optional clauses contained in bank notes, 195

CHAP. XV. Of subaltern banks of circulation, and of their 202

competition with one another,

CHAP. XVI. Of some regulations proper to be made with 205

regard to national banks,

CHAP. XVII. When, and in what case, banks should be obliged 208

to keep open books,

CHAP. XVIII. Is it the interest of banks to grant credits 210

and cash accompts to exchangers and others, who make a

trade of sending coin out of the country?

CHAP. XIX. Application of the principles above deduced, 212

towards forming the policy of circulation,

CHAP. XX. Objections to this doctrine, 215

CHAP. XXI. How, by a return of a favourable balance, the 218

bank may be enabled to pay off the debts due to

foreigners, and thus deliver the nation from that burden,

CHAP. XXII. Of banks of circulation, established on 220

mercantile credit,

CHAP. XXIII. Of the first establishment of Mr. Law’s bank 235

of circulation, in the year 1716,

CHAP. XXIV. Account of the variations of the French coin 236

some time before and after the death of Louis XIV.

CHAP. XXV. Continuation of the account of Law’s bank, 239

CHAP. XXVI. Account of the royal Mississippi bank of 243

France, established on public credit,

CHAP. XXVII. A short account of the French company of the 247

Indies,

CHAP. XXVIII. Chronological anecdotes, 250

CHAP. XXIX. Continuation of the royal bank of France, until 252

the time the company cf the Indies promised a dividend of

200 livres _per_ action,

CHAP. XXX. Inquiry into the motives of the Duke of Orleans 256

in concerting the plan of the Mississippi,

CHAP. XXXI. Continuation of the account of the royal bank 265

of France, until the total bankruptcy the 21st of May

1720,

CHAP. XXXII. Conclusion of the Mississippi scheme, 270

CHAP. XXXIII. Why credit fell, and how it might have been 276

supported,

CHAP. XXXIV. How the diminishing the denomination of the 284

paper in circulation, by the arret of the 21st of May

1720, destroyed the credit of France, when the same

arbitrary measures taken with regard to the coin had

produced no such effect,

CHAP. XXXV. How a bank may be safely established in France, 289

as matters stand at present,

CHAP. XXXVI. Of banks of deposit and transfer, 291

CHAP. XXXVII. Of the bank of Amsterdam, 292

CHAP. XXXVIII. Of the agio of the bank of Amsterdam, 294

CHAP. XXXIX. Continuation of the same subject; and 298

concerning the circulation of coin through the bank of

Amsterdam,

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An Inquiry into the Principles of Political Oeconomy (Vol. 2 of 2) Being an essay on the science of domestic policy in free nations. In which are particularly considered population, agriculture, trade, industry, money, coin, interest, circulation, banks, exchange, public credit, and taxes · 第 2 / 16 章